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Terex (TEX)

Terex is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. Terex's products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company engages with customers through all stages of the product life cycle, from initial specification and financing to parts and service support.

Company profile

Ticker
TEX
Exchange
Website
CEO
John Garrison
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
A.S.V. Holding, LLC • B-L Pegson Limited • Brown Lenox & Co. Limited • CBI Europe B.V. • Continental Biomass Holding B.V. • CMI Terex Corporation • ETW Global Finance (Barbados) SRL • Fermec Holdings Ltd. • Fermec International Ltd. • Fermec Manufacturing Ltd. ...
IRS number
341531521

TEX stock data

Calendar

3 Aug 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 253.3M 253.3M 253.3M 253.3M 253.3M 253.3M
Cash burn (monthly) (no burn) 24.07M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 40.53M n/a n/a n/a n/a
Cash remaining n/a 212.77M n/a n/a n/a n/a
Runway (months of cash) n/a 8.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jul 22 Amy George Common Stock, $.01 par value Grant Acquire A No No 27.47 25 686.75 114,037
25 May 22 Scott Posner Common Stock, $.01 par value Sell Dispose S No No 33.96 2,000 67.92K 64,621
20 May 22 Rossi Christopher Common Stock, $.01 par value Grant Acquire A No No 30.98 7,747 240K 14,048
20 May 22 Sandie O'connor Common Stock, $.01 par value Grant Acquire A No No 30.98 7,747 240K 26,903
20 May 22 Defosset Don Common Stock, par value $.01 Grant Acquire A No No 30.98 7,747 240K 174,925
60.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 284 273 +4.0%
Opened positions 46 35 +31.4%
Closed positions 35 42 -16.7%
Increased positions 89 96 -7.3%
Reduced positions 94 98 -4.1%
13F shares Current Prev Q Change
Total value 3.65B 3.99B -8.6%
Total shares 76.4M 76.61M -0.3%
Total puts 250.3K 252.7K -0.9%
Total calls 338.1K 281.5K +20.1%
Total put/call ratio 0.7 0.9 -17.5%
Largest owners Shares Value Change
BLK Blackrock 7.47M $314.34M -0.9%
Vanguard 7.34M $309.18M +5.8%
NWQ Investment Management 4.28M $149.22M 0.0%
College Retirement Equities Fund 4.28M $149.22M 0.0%
Tiaa Cref Investment Management 4.28M $149.22M 0.0%
Teachers Advisors 4.28M $149.22M 0.0%
PZN Pzena Investment Management 3.25M $136.9M -3.0%
Fuller & Thaler Asset Management 2.98M $125.4M -2.4%
Dimensional Fund Advisors 2.8M $117.8M -2.3%
Nuveen Asset Management 2.62M $117.57M -8.4%
Largest transactions Shares Bought/sold Change
BEN Franklin Resources 1.16M +1.16M NEW
Driehaus Capital Management 0 -837.66K EXIT
Braun Stacey Associates 431.59K +431.59K NEW
GS Goldman Sachs 1.47M -426.78K -22.5%
Alliancebernstein 881.99K -412.43K -31.9%
Vanguard 7.34M +399.79K +5.8%
Assenagon Asset Management 74.41K -367.24K -83.2%
Jacobs Levy Equity Management 697.11K +294.89K +73.3%
Renaissance Technologies 309.4K +256.82K +488.4%
Citadel Advisors 752.54K -242.94K -24.4%

Financial report summary

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Management Discussion
  • Net sales for the year ended December 31, 2021 increased $810.4 million when compared to 2020. The increase in net sales was primarily due to higher demand for aerial work platforms, materials processing equipment, material handlers, concrete mixer trucks, cranes and utility equipment. Changes in foreign exchange rates positively impacted consolidated net sales by approximately $95 million. Customer sentiment in both segments continues to improve as equipment is being utilized and ordered as end-market demand strengthens.
  • Gross profit for the year ended December 31, 2021 increased $218.1 million when compared to 2020. The increase was primarily due to higher sales volume, improved manufacturing efficiency, price realization and the positive impact of changes in foreign exchange rates, partially offset by material, labor and freight cost inflation due to disruptions in the supply chain and labor availability constraints.
  • SG&A costs for the year ended December 31, 2021 decreased $41.5 million when compared to 2020. The decrease was primarily due to cost management actions taken across all areas of our business, including right-sizing our workforce and reduced discretionary spending, partially offset by the negative impact of changes in foreign exchange rates.

Content analysis

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Removed: February, Monterrey, organic