Company profile

John L. Garrison
Incorporated in
Fiscal year end
IRS number

TEX stock data



1 May 20
3 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 833.6M 885M 1.02B 1.31B
Net income -24.9M 24.5M 21.4M 75.1M
Diluted EPS -0.35 0.34 0.3 1.05
Net profit margin -2.99% 2.77% 2.09% 5.75%
Operating income -7.1M 22.9M 86.4M 126M
Net change in cash -23.8M 64.5M 103.1M 62.9M
Cash on hand 511.3M 535.1M 470.6M 367.5M
Cost of revenue 696.9M 716.4M 815M 1.04B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 4.35B 4.52B 3.79B 4.44B
Net income 54.4M 113.7M 128.7M -175.5M
Diluted EPS 0.76 1.48 1.36 -1.63
Net profit margin 1.25% 2.52% 3.39% -3.95%
Operating income 335M 412.5M 228.2M -141.8M
Net change in cash 195.6M -232.1M 143.1M 57.3M
Cash on hand 535.1M 339.5M 571.6M 428.5M
Cost of revenue 3.47B 3.56B 3.03B 3.73B

Financial data from Terex earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
8 Jun 20 Kevin A Barr Common Stock, par value $.01 Sell Dispose S 21.34 5,479 116.92K 24,571
3 Jun 20 Amy George Common Stock, $.01 par value Buy Aquire P 18.05 223 4.03K 124,267
3 Jun 20 Amy George Common Stock, $.01 par value Buy Aquire P 17.82 13 231.66 124,044
3 Jun 20 John D Sheehan Common Stock, par value $.01 Buy Aquire P 18.05 579 10.45K 273,573
1 Jun 20 Kevin A Barr Common Stock, par value $.01 Sell Dispose S 16.64 699 11.63K 30,050
1 Jun 20 Kevin A Barr Common Stock, par value $.01 Sell Dispose S 16.63 4,301 71.53K 30,749
15 May 20 Rush Andra Common Stock, par value $.01 Grant Aquire A 0 8,276 0 30,232
88.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 224 243 -7.8%
Opened positions 29 45 -35.6%
Closed positions 48 46 +4.3%
Increased positions 69 77 -10.4%
Reduced positions 79 79
13F shares
Current Prev Q Change
Total value 2.47B 8.25B -70.1%
Total shares 61.46M 62.97M -2.4%
Total puts 646.3K 244K +164.9%
Total calls 161.1K 212.2K -24.1%
Total put/call ratio 4.0 1.1 +248.9%
Largest owners
Shares Value Change
Vanguard 7.41M $106.4M +4.7%
BLK BlackRock 7.31M $104.9M -3.2%
PZN Pzena Investment Management 4.63M $66.47M +2.6%
Fuller & Thaler Asset Management 3.72M $53.44M +80.7%
Nuveen Asset Management 3.29M $47.28M -21.9%
Dimensional Fund Advisors 3.07M $44.08M -2.7%
STT State Street 2.21M $31.7M +5.4%
Alliancebernstein 2.09M $29.95M -19.1%
Fisher Asset Management 1.97M $28.31M -6.8%
Aqr Capital Management 1.7M $23.37M +29.5%
Largest transactions
Shares Bought/sold Change
Barrow Hanley Mewhinney & Strauss 40.52K -1.81M -97.8%
Fuller & Thaler Asset Management 3.72M +1.66M +80.7%
Deprince Race & Zollo 1.32M +1.32M NEW
GS The Goldman Sachs Group, Inc. 381.7K -999.52K -72.4%
PUK Prudential 790.45K -976.05K -55.3%
Nuveen Asset Management 3.29M -925.88K -21.9%
Norges Bank 0 -732.39K EXIT
Charles Schwab Investment Management 1.14M +624.1K +121.1%
JPM JPMorgan Chase & Co. 688.09K +509.39K +285.0%
Alliancebernstein 2.09M -492.19K -19.1%

Financial report summary

  • Our business is affected by the cyclical nature of markets we serve.
  • Changes in import/export regulatory regimes, the imposition of tariffs and escalation of global trade conflicts could continue to negatively impact our business.
  • Our financial results could be adversely impacted by the U.K.’s departure from the E.U.
  • Changes affecting the availability of LIBOR may have consequences on us that cannot yet reasonably be predicted.
  • We have a significant amount of debt outstanding and must comply with restrictive covenants in our debt agreements.
  • We may be unable to generate sufficient cash flow to service our debt obligations.
  • Our access to capital markets and borrowing capacity could be limited in certain circumstances.
  • Our business is sensitive to government spending.
  • We operate in a highly competitive industry.
  • We rely on key management.
  • Some of our customers rely on financing with third parties to purchase our products.
  • We are exposed to losses from providing financing and credit support to some of our customers.
  • We may experience losses in excess of our recorded reserves for trade receivables.
  • We are dependent upon third-party suppliers, making us vulnerable to supply shortages and price increases.
  • We are subject to currency fluctuations.
  • We are exposed to political, economic and other risks that arise from operating a multinational business.
  • A material disruption to one of our significant manufacturing plants could adversely affect our ability to generate revenue.
  • We may be adversely impacted by work stoppages and other labor matters.
  • Compliance with environmental regulations could be costly and require us to make significant expenditures.
  • We face litigation and product liability claims and other liabilities.
  • We must comply with an injunction and related obligations imposed by the SEC.
  • We may be adversely affected by disruption in, or breach in security of, our information technology systems.
  • The timing and amount of benefits from the Company’s Execute to Win initiatives may not be as expected and the Company’s financial results could be adversely impacted.
Management Discussion
  • Net sales for the year ended December 31, 2019 decreased $164.1 million when compared to 2018. The decrease in net sales was primarily due to weakening demand for aerial work platforms in North America and Western Europe in our AWP segment and changes in foreign exchange rates which negatively impacted consolidated net sales by approximately $105 million, partially offset by higher demand for equipment in our MP segment and aerial work platforms in China and utility equipment in our AWP segment.
  • Gross profit for the year ended December 31, 2019 decreased $74.1 million when compared to 2018. The decrease was primarily due to the negative impact of foreign exchange rate changes across all segments and lower sales volume and factory overhead absorption in our AWP segment, partially offset by higher sales volume in our MP segment and favorable price variances in our AWP segment.
  • SG&A costs for the year ended December 31, 2019 increased $3.4 million when compared to 2018 primarily due to increased engineering and selling costs, partially offset by lower personnel costs.
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