Market Summary
USD56.87+0.08
Market Closed0.14%
TEX Stock Price
TEX RSI Chart
TEX Valuation
TEX Price/Sales (Trailing)
TEX Profitability
TEX Fundamentals
TEX Revenue
TEX Earnings
Price Action
52 Week Range
28.7365.64
(Low)(High)
Last 7 days
-4.0%
Last 30 days
1.7%
Last 90 days
1.8%
Trailing 12 Months
79.5%
TEX Financial Health
TEX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for TEX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-05 | Salami Oluseun | acquired | - | - | 2,972 | - |
2023-08-30 | SACHS DAVID A | gifted | - | - | -500 | - |
2023-08-16 | SACHS DAVID A | gifted | - | - | -500 | - |
2023-06-29 | GARRISON JOHN L JR | sold | -597,960 | 60.00 | -9,966 | chairman and ceo |
2023-06-08 | Hegarty Kieran | sold | -1,507,680 | 55.84 | -27,000 | president, materials processin |
2023-06-07 | POSNER SCOTT | gifted | - | - | -500 | senior v.p., gen counsel sec. |
2023-05-19 | DEFOSSET DON | acquired | 240,017 | 48.41 | 4,958 | - |
2023-05-19 | Rossi Christopher | acquired | 240,017 | 48.41 | 4,958 | - |
2023-05-19 | O'CONNOR SANDRA | acquired | 240,017 | 48.41 | 4,958 | - |
2023-05-03 | MEESTER SIMON | sold | -302,640 | 50.44 | -6,000 | president - genie |
Which funds bought or sold TEX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -27,141 | - | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 29,915 | 29,915 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 84.96 | 377,460 | 663,460 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.32 | 190,000 | 714,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.3 | 847,371 | 4,916,710 | 0.01% |
2023-08-21 | BOKF, NA | reduced | -77.08 | -12,099 | 4,786 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -0.19 | 454,930 | 2,394,200 | -% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 81,190 | 81,190 | 0.03% |
2023-08-18 | Legato Capital Management LLC | added | 8.36 | 339,990 | 1,339,710 | 0.18% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Terex
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 07, 2023 | pzena investment management llc | 4.54% | 3,064,085 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.41% | 7,700,381 | SC 13G/A | |
| Jan 25, 2023 | pzena investment management llc | 6.08% | 4,105,227 | SC 13G | |
| Jan 23, 2023 | blackrock inc. | 13.5% | 9,130,284 | SC 13G/A | |
| Feb 11, 2022 | tiaa cref investment management llc | 0.00% | 427 | SC 13G/A | |
| Feb 11, 2022 | teachers advisors, llc | 0.00% | 427 | SC 13G/A | |
| Feb 11, 2022 | nwq investment management company, llc | 0.00% | 427 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.03% | 7,698,421 | SC 13G/A | |
| Feb 08, 2022 | fuller & thaler asset management, inc. | 4.27% | 2,983,472 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 11.4% | 7,955,556 | SC 13G/A |
Recent SEC filings of Terex
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 3 | Insider Trading | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 04, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | S-3ASR | S-3ASR | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jul 20, 2023 | 8-K | Current Report | |
| Jun 30, 2023 | 4 | Insider Trading |
TEX Fair Value
Loading...
Peers (Alternatives to Terex)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DE | 112.7B | 61.4B | 0.63% | 10.81% | 11.22 | 1.84 | 26.89% | 62.82% |
CMI | 32.4B | 32.2B | -1.76% | 9.94% | 12.49 | 1.01 | 29.87% | 25.35% |
DOV | 19.8B | 8.5B | 1.19% | 16.75% | 19.4 | 2.34 | 3.15% | -10.67% |
TTC | 8.3B | 4.7B | -18.12% | -10.59% | 22.04 | 1.75 | 10.19% | -2.33% |
| MID-CAP | ||||||||
LECO | 12.0B | - | -4.71% | 31.23% | 25.57 | 38.14 | -70.09% | 32.66% |
PNR | 10.7B | 4.2B | -1.83% | 57.33% | 21.77 | 2.57 | 3.67% | -12.40% |
TEX | 3.8B | 5.0B | 1.70% | 79.47% | 8.61 | 0.77 | 22.48% | 91.50% |
SPXC | 3.7B | 1.6B | 1.07% | 43.39% | 115.68 | 2.25 | 25.15% | -92.29% |
JBT | 3.3B | 2.1B | -2.73% | 15.15% | 25.93 | 1.58 | 14.88% | 7.01% |
KMT | 2.0B | 2.1B | -6.25% | 13.35% | 16.64 | 0.95 | 3.27% | -18.09% |
| SMALL-CAP | ||||||||
ARTW | - | 9.6M | -11.10% | 13.66% | - | - | -64.00% | 103.64% |
CMCO | 999.6M | 951.4M | -6.04% | 25.97% | 20.27 | 1.05 | 4.17% | 8.83% |
HY | 767.9M | 3.9B | 1.47% | 65.46% | 21.82 | 0.2 | 18.61% | 115.65% |
MTW | 522.2M | 2.2B | -4.49% | 71.46% | -4.97 | 0.24 | 17.70% | -829.86% |
CVR | 17.4M | 32.2M | -1.15% | -31.64% | 46.78 | 0.54 | -6.72% | -56.52% |
Terex News
Returns for TEX
Cumulative Returns on TEX
6.3%
10-Year Cumulative Returns
13.7%
7-Year Cumulative Returns
7.3%
5-Year Cumulative Returns
44.4%
3-Year Cumulative Returns
Risks for TEX
What is the probability of a big loss on TEX?
96.2%
Probability that Terex stock will be more than 20% underwater in next one year
66.9%
Probability that Terex stock will be more than 30% underwater in next one year.
41.5%
Probability that Terex stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TEX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Terex was unfortunately bought at previous high price.
Drawdowns
Financials for Terex
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 7.0% | 4,977 | 4,651 | 4,418 | 4,190 | 4,064 | 4,025 | 3,887 | 3,683 | 3,455 | 3,107 | 3,076 | 3,175 | 3,434 | 4,050 | 4,353 | 4,517 | 4,591 | 4,537 | 4,517 | 3,962 | 3,975 |
| Cost Of Revenue | 5.3% | 3,883 | 3,687 | 3,547 | 3,383 | 3,314 | 3,257 | 3,129 | 2,949 | 2,753 | 2,529 | 2,537 | 2,616 | 2,812 | 3,263 | 3,465 | 3,583 | 3,627 | 3,566 | 3,555 | 3,060 | 3,093 |
| Gross Profit | 13.5% | 1,094 | 964 | 871 | 808 | 749 | 768 | 757 | 735 | 703 | 578 | 539 | 559 | 622 | 787 | 888 | 934 | 964 | 971 | 962 | 903 | 882 |
| S&GA Expenses | 5.1% | 495 | 471 | 451 | 439 | 427 | 427 | 429 | 445 | 450 | 441 | 471 | 499 | 512 | 559 | 553 | 540 | 553 | 553 | 549 | 482 | 500 |
| EBITDA | -100.0% | - | 489 | 416 | 376 | 329 | 327 | 315 | 274 | 237 | 207 | 137 | 120 | 173 | 289 | 395 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.11* | 0.09* | 0.09* | 0.08* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.04* | 0.04* | 0.05* | 0.07* | 0.09* | - | - | - | - | - | - |
| Interest Expenses | 6.7% | 57.00 | 54.00 | 49.00 | 47.00 | 46.00 | 47.00 | 52.00 | 57.00 | 60.00 | 64.00 | 66.00 | 68.00 | 75.00 | 83.00 | 88.00 | 90.00 | 86.00 | 80.00 | 73.00 | 68.00 | 65.00 |
| Earnings Before Taxes | 23.6% | 538 | 436 | 367 | 329 | 283 | 281 | 264 | 217 | 177 | 84.00 | 11.00 | -8.30 | 39.00 | 147 | 248 | 251 | 267 | 279 | 287 | 358 | 331 |
| EBT Margin | -100.0% | - | 0.09* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.06* | 0.05* | 0.03* | 0.00* | 0.00* | 0.01* | 0.04* | 0.06* | - | - | - | - | - | - |
| Net Income | 23.6% | 446 | 361 | 300 | 267 | 233 | 233 | 221 | 180 | 138 | 54.00 | -10.60 | -3.80 | 12.00 | 96.00 | 54.00 | -3.10 | 14.00 | -3.20 | 114 | 120 | 141 |
| Net Income Margin | -100.0% | - | 0.08* | 0.07* | 0.06* | 0.06* | 0.06* | 0.06* | 0.05* | 0.04* | 0.02* | 0.00* | 0.00* | 0.00* | 0.02* | 0.01* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 322 | 261 | 74.00 | 44.00 | 104 | 293 | 461 | 482 | 452 | 225 | 184 | 234 | 350 | 173 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 4.1% | 3,415 | 3,281 | 3,118 | 2,977 | 2,994 | 2,940 | 2,864 | 3,068 | 3,069 | 2,966 | 3,032 | 2,915 | 2,864 | 3,115 | 3,196 | 3,161 | 3,603 | 3,655 | 3,486 | 3,339 | 3,337 |
| Current Assets | 6.1% | 2,218 | 2,090 | 1,962 | 1,867 | 1,909 | 1,835 | 1,768 | 2,006 | 1,997 | 1,902 | 1,879 | 1,761 | 1,707 | 1,966 | 2,020 | 2,035 | 2,440 | 2,508 | 2,423 | 2,290 | 2,291 |
| Cash Equivalents | 17.1% | 298 | 254 | 304 | 232 | 253 | 218 | 267 | 553 | 542 | 573 | 665 | 508 | 426 | 511 | 535 | 471 | 368 | 305 | 340 | 326 | 374 |
| Inventory | 3.6% | 1,122 | 1,083 | 988 | 981 | 963 | 921 | 814 | 748 | 712 | 659 | 610 | 636 | 700 | 823 | 848 | 858 | 863 | 955 | 919 | 1,112 | 1,005 |
| Net PPE | 2.5% | 491 | 479 | 466 | 450 | 442 | 434 | 430 | 413 | 414 | 397 | 407 | 402 | 401 | 389 | 389 | 359 | 340 | 328 | 317 | 331 | 329 |
| Goodwill | 1.4% | 291 | 287 | 284 | 273 | 267 | 275 | 280 | 280 | 277 | 276 | 275 | 267 | 261 | 261 | 270 | 260 | 264 | 268 | 265 | 268 | 270 |
| Liabilities | -0.2% | 1,983 | 1,987 | 1,937 | 1,942 | 1,945 | 1,826 | 1,754 | 2,017 | 2,035 | 2,019 | 2,110 | 2,063 | 2,064 | 2,329 | 2,263 | 2,294 | 2,743 | 2,873 | 2,625 | 2,365 | 2,389 |
| Current Liabilities | 2.2% | 1,074 | 1,051 | 999 | 953 | 955 | 920 | 910 | 940 | 945 | 838 | 723 | 681 | 676 | 776 | 872 | 922 | 1,102 | 1,103 | 1,215 | 1,030 | 1,085 |
| Long Term Debt | - | - | - | 774 | - | - | - | 669 | - | - | - | 1,166 | - | - | - | 1,169 | - | - | - | 1,211 | - | - |
| LT Debt, Non Current | -5.2% | 734 | 775 | 774 | 825 | 826 | 738 | 669 | 888 | 889 | 974 | 1,166 | 1,167 | 1,167 | 1,338 | 1,169 | 1,167 | 1,342 | 1,467 | 1,211 | 1,128 | 1,089 |
| Shareholder's Equity | 10.6% | 1,432 | 1,295 | 1,181 | 1,035 | 1,049 | 1,114 | 1,110 | 1,051 | 1,034 | 946 | 922 | 853 | 800 | 786 | 932 | 866 | 861 | 782 | 861 | 975 | 948 |
| Retained Earnings | 11.4% | 1,452 | 1,303 | 1,201 | 1,117 | 1,045 | 980 | 937 | 887 | 847 | 782 | 750 | 733 | 727 | 736 | 771 | 755 | 742 | 674 | 749 | 2,122 | 2,091 |
| Additional Paid-In Capital | 1.2% | 879 | 869 | 882 | 874 | 867 | 861 | 860 | 851 | 844 | 836 | 838 | 832 | 827 | 822 | 824 | 813 | 808 | 794 | 797 | 1,339 | 1,327 |
| Shares Outstanding | -0.1% | 68.00 | 68.00 | - | 68.00 | 69.00 | 70.00 | - | 70.00 | 70.00 | 70.00 | - | 69.00 | 69.00 | 71.00 | - | 71.00 | 71.00 | 71.00 | - | 74.00 | 76.00 |
| Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 15.4% | 372 | 322 | 261 | 74.00 | 44.00 | 104 | 293 | 461 | 482 | 452 | 225 | 184 | 234 | 350 | 173 | 192 | 10.00 | -126 | 94.00 | 190 | 312 |
| Share Based Compensation | 9.4% | 31.00 | 29.00 | 30.00 | 32.00 | 32.00 | 33.00 | 33.00 | 30.00 | 30.00 | 26.00 | 24.00 | 29.00 | 31.00 | 39.00 | 43.00 | 40.00 | 42.00 | 41.00 | 37.00 | 37.00 | 37.00 |
| Cashflow From Investing | 25.1% | -120 | -160 | -154 | -153 | -108 | -119 | -102 | -71.90 | -52.50 | -24.40 | -38.50 | -64.70 | 94.00 | 94.00 | 104 | 89.00 | -77.40 | -81.20 | -85.90 | -60.20 | 173 |
| Cashflow From Financing | -84.9% | -211 | -114 | -54.90 | -218 | -204 | -337 | -580 | -350 | -341 | -396 | -82.80 | -99.00 | -280 | -241 | -103 | -112 | 97.00 | 120 | -244 | -390 | -676 |
| Dividend Payments | 3.3% | 38.00 | 37.00 | 36.00 | 35.00 | 35.00 | 34.00 | 34.00 | 25.00 | 17.00 | 8.00 | 8.00 | 16.00 | 24.00 | 32.00 | 31.00 | 31.00 | 30.00 | 30.00 | 30.00 | 29.00 | 29.00 |
| Buy Backs | -38.1% | 54.00 | 87.00 | 101 | 98.00 | 84.00 | 21.00 | 3.00 | 2.00 | 2.00 | 1.00 | 56.00 | 61.00 | 61.00 | 62.00 | 7.00 | 103 | 107 | 222 | 428 | 491 | 741 |
TEX Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 1,403.1 | $ 1,077.1 | $ 2,638.8 | $ 2,079.6 |
| Cost of goods sold | (1,060.2) | (864.2) | (2,017.2) | (1,680.9) |
| Gross profit | 342.9 | 212.9 | 621.6 | 398.7 |
| Selling, general and administrative expenses | (133.0) | (109.0) | (264.0) | (220.3) |
| Income (loss) from operations | 209.9 | 103.9 | 357.6 | 178.4 |
| Other income (expense) | ||||
| Interest income | 1.1 | 0.4 | 3.1 | 1.0 |
| Interest expense | (15.4) | (11.8) | (30.3) | (22.4) |
| Other income (expense) – net | (3.8) | (3.3) | (5.4) | (3.6) |
| Income (loss) from continuing operations before income taxes | 191.8 | 89.2 | 325.0 | 153.4 |
| (Provision for) benefit from income taxes | (32.0) | (15.1) | (55.3) | (27.0) |
| Income (loss) from continuing operations | 159.8 | 74.1 | 269.7 | 126.4 |
| Gain (loss) on disposition of discontinued operations – net of tax | (0.4) | 0.0 | 2.3 | (0.4) |
| Net income (loss) | $ 159.4 | $ 74.1 | $ 272.0 | $ 126.0 |
| Basic earnings (loss) per share: | ||||
| Income (loss) from continuing operations | $ 2.36 | $ 1.08 | $ 3.98 | $ 1.82 |
| Gain (loss) on disposition of discontinued operations – net of tax | 0 | 0 | 0.04 | 0 |
| Net income (loss) | 2.36 | 1.08 | 4.02 | 1.82 |
| Diluted earnings (loss) per share: | ||||
| Income (loss) from continuing operations | 2.35 | 1.07 | 3.94 | 1.80 |
| Gain (loss) on disposition of discontinued operations – net of tax | (0.01) | 0 | 0.03 | 0 |
| Net income (loss) | $ 2.34 | $ 1.07 | $ 3.97 | $ 1.80 |
| Weighted average number of shares outstanding in per share calculation | ||||
| Basic (in shares) | 67.6 | 68.9 | 67.7 | 69.3 |
| Diluted (in shares) | 68.1 | 69.3 | 68.5 | 70.1 |
| Comprehensive income (loss) | $ 169.4 | $ 1.7 | $ 308.3 | $ 33.6 |
TEX Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 297.7 | $ 304.1 |
| Receivables (net of allowance of $10.5 and $9.4 at June 30, 2023 and December 31, 2022, respectively) | 681.2 | 547.5 |
| Inventories | 1,122.0 | 988.4 |
| Prepaid and other current assets | 116.9 | 122.0 |
| Total current assets | 2,217.8 | 1,962.0 |
| Non-current assets | ||
| Property, plant and equipment – net | 490.7 | 465.6 |
| Goodwill | 291.1 | 284.4 |
| Intangible assets – net | 16.8 | 17.4 |
| Other assets | 398.8 | 388.7 |
| Total assets | 3,415.2 | 3,118.1 |
| Current liabilities | ||
| Current portion of long-term debt | 2.4 | 1.9 |
| Trade accounts payable | 690.3 | 624.6 |
| Other current liabilities | 380.9 | 372.1 |
| Total current liabilities | 1,073.6 | 998.6 |
| Non-current liabilities | ||
| Long-term debt, less current portion | 734.3 | 773.6 |
| Other non-current liabilities | 175.1 | 164.7 |
| Total liabilities | 1,983.0 | 1,936.9 |
| Commitments and contingencies | ||
| Stockholders’ equity | ||
| Common stock, $0.01 par value – authorized 300.0 shares; issued 84.6 and 84.0 shares at June 30, 2023 and December 31, 2022, respectively | 0.9 | 0.9 |
| Additional paid-in capital | 879.1 | 881.6 |
| Retained earnings | 1,452.0 | 1,200.6 |
| Accumulated other comprehensive income (loss) | (305.3) | (341.6) |
| Less cost of shares of common stock in treasury – 17.9 and 17.2 shares at June 30, 2023 and December 31, 2022, respectively | (594.5) | (560.3) |
| Total stockholders’ equity | 1,432.2 | 1,181.2 |
| Total liabilities and stockholders’ equity | $ 3,415.2 | $ 3,118.1 |
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, utility equipment, and telehandlers, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment's materials processing and specialty equipment includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was incorporated in 1986 and is based in Norwalk, Connecticut.