Morningstar

Morningstar, Inc.

Equity Bottom-Up

Terex is a global manufacturer of lifting and materials processing equipment that was previously a division of General Motors that built construction and mining equipment. After being sold by GM in 1981, Terex assembled a broad product portfolio through several acquisitions, including more than 50 in the past two decades. After several divestures, Terex was left with two primary segments: aerial work platforms and materials processing, and corporate, which includes elements of its former crane…

After the previously announced divestiture of its Demag mobile crane business, Terex reported its first quarter with only two manufacturing segments--aerial work platforms (AWP) and materials processing (MP). Terex, once widely known as a crane company, no longer has a reportable crane segment. Approximately $275 million in revenue from its former crane segment, which includes tower and rough terrain cranes, is now included with its corporate segment, complicating our analysis. After liberal use…

United States

Terex Corporation is a diversified global manufacturer operating in four business segments: aerial work platforms; construction; cranes; and materials processing.  Terex manufactures a broad range of equipment for use in various industries including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries.