Terex Corp (NYSE: TEX) is a global industrial equipment manufacturer that designs, builds, and supports materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. Revenue is transactional, generated through equipment sales across two segments, Materials Processing (MP) and Environmental Solutions/Aerials/Utilities (ES), supplemented by parts, services, and financing facilitated through Terex Financial Services. Products are manufactured in North America, Europe, and Asia Pacific and sold worldwide. The company was incorporated in Delaware in October 1986 and has grown substantially through acquisitions, including the 2024 acquisition of ESG from Dover Corporation and the completion of the REV Transaction on February 2, 2026. End markets include construction, quarrying, mining, recycling, electric utilities, tree care, and telecommunications. Terex competes across specialized machinery categories with a broad brand portfolio including Powerscreen, Fuchs, EvoQuip, Cedarapids, CBI, Franna, and ZenRobotics, among others.

Revenue model

Equipment sales (transactional) across MP and ES segments, with aftermarket revenue from replacement parts and services including inspections, maintenance, repairs, and refurbishment. Terex Financial Services facilitates third-party financing, leasing, and rental arrangements for customers and distributors.

Products and services

Materials processing: crushers, screens, trommels, washing systems, apron feeders, conveyors, material handlers, pick and carry cranes, wood processing and biomass equipment, recycling systems, AI-powered robotic waste sorting (ZenRobotics), concrete mixer trucks, concrete pavers. Aerial work platforms: MEWPs, telehandlers. Utility equipment: digger derricks, insulated aerial devices. Services: inspections, preventative maintenance, repairs, reconditioning, refurbishment, spare parts, and training on Terex and third-party equipment.

Customers and end markets

Construction companies, quarrying and mining operators, recycling and waste management firms, electric utilities, tree care and vegetation management companies, telecommunications and cable companies, government organizations, rental companies, and distributors.

Value-chain role

Original equipment manufacturer (OEM) and aftermarket parts and services provider. Also facilitates customer financing through third-party financial institutions via Terex Financial Services.

Geographic exposure

Products manufactured in North America (Washington, Mississippi, Mexico), Europe (Northern Ireland, Italy), and Asia Pacific (China, India). Sold worldwide with parts and logistics operations across North America, Europe, Asia Pacific, and Latin America.

Source: SEC 10-K, filed 2026-02-13

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