Terex Corp (NYSE: TEX)

Terex is a global industrial equipment manufacturer of materials processing machinery waste and recycling solutions mobile elevating work platforms and equipment for the electric utility industry. The company designs builds and supports products used in maintenance manufacturing energy waste and recycling minerals and materials management construction and the entertainment industry. Terex provides lifecycle support to customers through its global parts and services organization and offers complementary digital solutions designed to help customers maximize their return on investment. Certain Terex products and solutions enable customers to reduce their environmental impact including electric and hybrid offerings that deliver quiet and emission-free performance products that support renewable energy and products that aid in the recovery of useful materials from various types of waste. Products are manufactured in North America Europe and Asia Pacific and sold worldwide.

Terex generates revenue through the design manufacture service and marketing of specialized industrial equipment across its reportable segments. The company sells products including refuse collection bodies hydraulic cart lifters automated carry cans compaction balers recycling equipment digger derricks insulated aerial devices crushers washing systems screens trommels apron feeders material handlers pick and carry cranes wood processing biomass and recycling equipment concrete mixer trucks concrete pavers conveyors aerial work platform equipment telehandlers and related components and replacement parts. Terex also provides parts and service support digital solutions and facilitates financial transactions through Terex Financial Services to assist customers in the procurement of equipment. Revenue is derived from customers in the solid waste and recycling industry construction infrastructure quarrying mining landscaping biomass production material handling maintenance utility tree care telecommunications cable and entertainment industries.

The company operates through the following segments: Environmental Solutions Material Processing and Aerials.

• Environmental Solutions designs manufactures services and markets waste recycling and utility equipment and solutions including refuse collection bodies hydraulic cart lifters automated carry cans compaction balers recycling equipment digger derricks insulated aerial devices and cameras with integrated smart technology as well as related components and replacement parts and waste hauler software solutions. Customers use these products in the solid waste and recycling industry and for construction and maintenance of transmission and distribution lines tree trimming and foundation drilling applications. Significant manufacturing operations include refuse collection bodies hydraulic cart lifters and automated carry cans in Fort Payne Alabama compaction balers and recycling equipment in Vernon Alabama and utility products in Watertown and Huron South Dakota Changzhou China Waukesha Wisconsin and Birmingham Alabama.

• Material Processing designs manufactures services and markets materials processing and specialty equipment including crushers washing systems screens trommels apron feeders material handlers pick and carry cranes wood processing biomass and recycling equipment concrete mixer trucks and concrete pavers conveyors and their related components and replacement parts. Customers use these products in construction infrastructure and recycling projects various quarrying and mining applications landscaping and biomass production industries material handling applications maintenance applications to lift equipment or material moving materials and equipment on rugged or uneven terrain lifting construction material and placing material at point of use. Significant manufacturing operations include mobile crushers in Omagh Northern Ireland mobile screens portable crushing and screening plants washing systems and recycling systems in Dungannon Northern Ireland mobile crushers mobile screens base crushers base screens modular and wheeled crushing and screening plants track conveyors washing systems and pick and carry cranes in Hosur India static crushers screens and telescopic conveyors in Subang Jaya Malaysia crushing and screening equipment in Durand Michigan mobile crushers and crushing chambers in Coalville England wood processing biomass and recycling equipment systems mobile screens and tracked conveyors in Campsie Northern Ireland fabrications sub-assemblies and steel kits in Ballymoney and Cookstown Northern Ireland wood processing biomass and recycling equipment systems in Newton New Hampshire material handlers in Bad Schönborn Germany and Hosur India concrete pavers in Canton South Dakota front discharge and rear discharge mini concrete mixer trucks in Fort Wayne Indiana volumetric concrete mixers in Olds Alberta Canada pick and carry cranes in Brisbane Australia and Hosur India mobile and static trommel screens in Monaghan Ireland and bulk material handling conveyors in Mount Vernon Missouri.

• Aerials designs manufactures services and markets aerial work platform equipment and telehandlers as well as their related components and replacement parts. Products include portable material lifts portable aerial work platforms trailer-mounted articulating booms self-propelled articulating and telescopic booms scissor lifts and telehandlers. Aerial work platform equipment positions workers and materials easily and quickly to elevated work areas enhancing safety and productivity at height. Customers use these products to construct and maintain industrial commercial institutional and residential buildings and facilities for purposes within the entertainment industry and for other commercial operations as well as in a wide range of infrastructure projects. Significant manufacturing operations include aerial work platform equipment in Redmond and Moses Lake Washington Umbertide Italy Changzhou China Monterrey Mexico and Sanand India and telehandlers in Umbertide Italy and Monterrey Mexico.

Terex faces competition from various manufacturers across its product lines with no single competitor across all business segments. In Environmental Solutions primary competitors include Labrie Federal Signal Oshkosh for refuse collection bodies Cram-A-Lot Komar Wastebuilt for compactors and balers AMCS Geotab Ltyx Routeware Samsara for on board vehicle technology and Altec Dur-A-Lift Elliot Equipment Palfinger Posi+ and Time Manufacturing for utility equipment. In Materials Processing competitors include Astec Industries Deere Kleeman Keestrack Metso Portafill Rubble Master and Sandvik for crushing and screening equipment Azfab CDE Global Matec McLanahan Metso Phoenix Process Equipment Superior and Weir/Trio for washing systems Astec Industries Bandit Doppstadt Eggersmann Jenz Komptech Morbark and Vermeer for wood processing biomass recycling equipment and trommels Astec Telestack Deere Kleeman Edge Metso McCloskey Puzzulona Thor Superior and Weir/Trio for conveyors Atlas Caterpillar Liebherr and Sennebogen for material handlers Allen Engineering Gomaco Guntert & Zimmerman and Power Curbers for concrete pavers Beck Industrial Con-Tech Continental Mixer Oshkosh McNeilus for concrete mixer trucks Bay-lynx Cemen Tech Holcombe and Zimmerman for volumetric concrete mixers Ace Escorts Humma and TIDD for pick and carry cranes AMP Robotics Max-Al Steinert Tomra and Waste Robotics for robotic waste sorting technology and Albach Bandit Fecon Jenz Ufkes Vermeer for tree care and vegetation management equipment. In Aerials competitors include Dingli Haulotte and Oshkosh JLG for portable material lifts and portable aerial work platforms Dingli Haulotte JCB Linamar Skyjack Manitou MEC Oshkosh JLG Sinoboom XCMG and Zoomlion for boom lifts Dingli Haulotte JCB LGMG Linamar Skyjack MEC Oshkosh JLG Sinoboom XCMG and Zoomlion for scissor lifts and JCB Linamar Skyjack Manitou Gehl Merlo and Oshkosh JLG for telehandlers. Terex competes based on price performance and product reliability employing a best value strategy focused on improving customer return on invested capital through quality by design.

Terex serves a diverse customer base including national rental companies municipalities government agencies private contractors consumers industrial and commercial end users electric utilities tree care companies telecommunications and cable companies construction firms mining and quarrying operations landscaping and biomass production facilities material handling operations maintenance providers entertainment industry participants and waste and recycling facilities. The company does not have any single customer accounting for more than 10% of consolidated net sales with its largest customer accounting for less than 6% and top ten customers collectively accounting for less than 28% of consolidated net sales in 2025.