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TEX Terex

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
IRS number
341531521

TEX stock data

(
)

Calendar

30 Jul 21
31 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Terex earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 542.2M 542.2M 542.2M 542.2M 542.2M 542.2M
Cash burn (monthly) 10.23M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 10.39M n/a n/a n/a n/a n/a
Cash remaining 531.81M n/a n/a n/a n/a n/a
Runway (months of cash) 52.0 n/a 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
8 Jul 21 John D Sheehan Common Stock, par value $.01 Grant Aquire A No No 44.58 235 10.48K 217,943
8 Jul 21 Amy George Common Stock, $.01 par value Grant Aquire A No No 44.58 77 3.43K 98,833
8 Jul 21 Amy George Common Stock, $.01 par value Grant Aquire A No No 44.4 16 710.4 98,756
25 Jun 21 John D Sheehan Common Stock, par value $.01 Grant Aquire A No No 47.32 163 7.71K 217,708
25 Jun 21 Amy George Common Stock, $.01 par value Grant Aquire A No No 47.32 232 10.98K 98,740
1 Jun 21 John D Sheehan Common Stock, par value $.01 Grant Aquire A No No 53.43 196 10.47K 217,354

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 280 248 +12.9%
Opened positions 58 248 -76.6%
Closed positions 26 0 NEW
Increased positions 88 0 NEW
Reduced positions 87 0 NEW
13F shares
Current Prev Q Change
Total value 3.28B 2.96B +10.9%
Total shares 75.4M 76.51M -1.5%
Total puts 109.6K 141.7K -22.7%
Total calls 620.9K 207.4K +199.4%
Total put/call ratio 0.2 0.7 -74.2%
Largest owners
Shares Value Change
BLK Blackrock 8.1M $373.2M +4.9%
Vanguard 6.4M $294.83M +1.9%
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 3.58M $165.12M -24.5%
Nuveen Asset Management 3.45M $159.17M -24.6%
Dimensional Fund Advisors 3.29M $151.42M -3.3%
Fuller & Thaler Asset Management 3.04M $139.97M -20.8%
Largest transactions
Shares Bought/sold Change
PZN Pzena Investment Management 3.58M -1.16M -24.5%
Nuveen Asset Management 3.45M -1.13M -24.6%
Fuller & Thaler Asset Management 3.04M -797.87K -20.8%
Citadel Advisors 1.49M +649.36K +77.0%
Driehaus Capital Management 981.53K +581.1K +145.1%
Norges Bank 0 -499.87K EXIT
BLK Blackrock 8.1M +381.8K +4.9%
Millennium Management 503.17K +337.41K +203.5%
Jacobs Levy Equity Management 414.01K -305.47K -42.5%
Boston Partners 384.56K -284.4K -42.5%

Financial report summary

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Management Discussion
  • Net sales for the year ended December 31, 2020 decreased $1,276.7 million when compared to 2019. The decrease in net sales was primarily due to lower demand for aerial work platforms, telehandlers and utility equipment in our AWP segment and materials processing equipment, material handlers, cranes and concrete mixer trucks in our MP segment primarily as a result of COVID-19 adversely affecting our customers’ sentiment and spending, leading to a downturn in our markets.
  • Gross profit for the year ended December 31, 2020 decreased $348.5 million when compared to 2019. The decrease was primarily due to lower sales in our AWP and MP segments and temporary volume related manufacturing inefficiencies in our AWP segment as a result of the impact of COVID-19.
  • SG&A costs for the year ended December 31, 2020 decreased $81.9 million when compared to 2019. The decrease was primarily due to cost control measures, including right-sizing our workforce, temporary salary reductions and reduced discretionary spending, taken across all areas of our business, partially offset by severance and restructuring charges taken in 2020.
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