Successful Third Quarter Performance
Terex delivered $1.50 of EPS on sales of $1.4 billion with a cash conversion of 200%, maintaining their full-year outlook.
Transformative Merger Announcement
Terex and REV Group plan to merge to create a large-scale specialty equipment manufacturer, expected to unlock $75 million in annual synergies.
Strong Financial Position Post-Merger
The combined company will have a strong balance sheet with approximately 2.5x leverage on a pro forma basis.
High Growth Potential in Resilient Markets
The combined company is expected to benefit from growth in infrastructure, utility, and recycling sectors, with a focus on less cyclical end markets.