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Terex Corp TEX Stock Quote

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Morningstar‘s Stock Analysis TEX

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Is it the right time to buy or sell?

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Strong Backlogs Give Us Confidence in Terex's Near-Term Outlook

Dawit Woldemariam Equity Analyst

Business Strategy and Outlook

| Dawit Woldemariam |

Terex provides customers an extensive product portfolio consisting of aerial lifts and materials processing equipment. We think Terex will continue to be one of the top companies in the heavy equipment industry, with strong brands that resonate with users across construction, industrial, utility, mining, and residential markets. Customers value Terex’s high-quality and strong-performing products, which also have good residual values. Terex also helps customers reduce their total cost of ownership through improved operational and fuel efficiency, limited machine down-time, and consistent parts availability.

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Key Statistics TEX

Company Profile TEX

Business Description

Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. The company's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.

45 Glover Avenue, 4th Floor
Norwalk, CT, 06850
T +1 203 222-7170
Industry Farm & Heavy Construction Machinery
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 8,600

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