What Terex makes

Terex Corporation designs and manufactures heavy capital equipment for construction, materials processing, waste and recycling, and utility work. The company sells through three reporting segments. Materials Processing builds mobile crushers, screens, washing systems, material handlers, and pick-and-carry cranes under brands including Powerscreen, Finlay, EvoQuip, Fuchs, MDS, and Franna. Aerials, marketed as Genie, makes mobile elevating work platforms: boom lifts, scissor lifts, and telehandlers used on job sites worldwide. Environmental Solutions, added in October 2024, builds refuse collection vehicles, waste compaction equipment, and connected fleet software under Heil, Marathon, Curotto-Can, Bayne, 3rd Eye, and Soft-Pak.

These are large welded-steel and hydraulic machines rather than automotive components, so Terex sits in the equipment tier of the industry: an OEM whose own supply base includes castings, forgings, axles, engines, and hydraulics from companies like Dana. The product lines share a common pattern of engineering-heavy design, global assembly plants, and a dealer and rental-channel go-to-market. Terex also runs Terex Financial Services and a global parts and service network that supports machines across their service lives.

Financial performance

Terex reported net sales of $5.4 billion for full-year 2025, up 5.7% from $5.1 billion in 2024. Operating income was $475 million, an 8.8% margin, with adjusted operating income of $566 million (10.4%). Net income was $221 million, or $3.33 per share, down from $335 million and $4.96 per share in 2024, as the Materials Processing and Aerials segments declined while the newly added Environmental Solutions segment grew.

The balance sheet is well funded. Terex ended 2025 with $772 million in cash and roughly $1.6 billion in total liquidity, and generated $325 million of free cash flow at a 147% conversion rate. Full-year 2025 segment sales ran roughly $2.1 billion in Aerials, $1.7 billion in Materials Processing, and $1.7 billion in Environmental Solutions. These are published figures from Terex's own results releases.

Ownership and history

Terex traces its lineage to 1933 and the Euclid Company, an off-highway dump truck maker. General Motors coined the Terex name in 1968 from the Latin for earth and king. Terex Corporation has traded as an independent public company since 1986 and is headquartered at 301 Merritt 7 in Norwalk, Connecticut, employing roughly 11,400 people before its 2026 combination. Simon Meester has been chief executive since January 2024, after leading the Genie business; Jennifer Kong-Picarello became chief financial officer in February 2025.

The company reshaped its portfolio significantly in the mid-2020s. In October 2024 it completed a roughly $2.0 billion all-cash purchase of Environmental Solutions Group from Dover, entering the waste and recycling market. In October 2025 it announced a merger with REV Group, a maker of fire trucks, ambulances, and specialty vehicles, and said it would pursue strategic options, including a sale or spin-off, for its Genie aerials business. The merger with REV Group closed on February 2, 2026, with Terex shareholders holding about 58% and REV shareholders about 42% of the combined company, which Meester leads. The former REV operations report as a new Specialty Vehicles segment.

Certifications and quality

Terex operations run quality and environmental management systems to international standards. The company holds ISO 9001:2015 for quality management and ISO 14001:2015 for environmental management across facilities, and was cited by its registrar as an early adopter of the 2015 revision of ISO 9001. Certification scope is site-specific across Terex's global plants rather than a single group-wide certificate, so buyers evaluating a particular product line should confirm the certificate for the plant that builds it. Terex's equipment also meets the regional machinery safety and emissions regimes for the markets it sells into.

Recent news

February 2026 — Terex completed its merger with REV Group, creating a diversified specialty equipment manufacturer; Simon Meester leads the combined company (Terex and REV Group announcements).

October 2025 — Terex announced the REV Group merger and disclosed that it would explore a sale or spin-off of its Genie aerials segment (Terex announcement; equipment trade press).

October 2024 — Terex completed its acquisition of Environmental Solutions Group from Dover Corporation for about $2.0 billion, establishing its waste and recycling business (Terex; industry coverage).

Frequently asked questions

What does Terex Corporation make?

Terex makes heavy capital equipment across three segments: Materials Processing (crushers, screens, material handlers, and cranes under Powerscreen, Finlay, Fuchs, and others), Aerials (Genie boom lifts, scissor lifts, and telehandlers), and Environmental Solutions (refuse collection and waste compaction equipment under Heil, Marathon, and Curotto-Can). It also operates parts, service, and equipment-financing businesses.

Who owns Terex Corporation?

Terex is a publicly listed company that has traded under the ticker TEX since 1986. On February 2, 2026 it completed a merger with REV Group; Terex shareholders held roughly 58% and REV shareholders roughly 42% of the combined company, which is led by Terex CEO Simon Meester.

What is Terex Corporation's revenue?

Terex reported net sales of $5.4 billion for full-year 2025, up 5.7% from $5.1 billion in 2024. Net income was $221 million, and the company generated $325 million of free cash flow with about $1.6 billion in total liquidity.

Where is Terex Corporation headquartered?

Terex is headquartered at 301 Merritt 7 in Norwalk, Connecticut. It designs and assembles equipment at plants across North America, Europe, and Asia, and supports customers through a global dealer, rental, parts, and service network.

Who are Terex Corporation's customers?

Terex sells to construction contractors, aggregate and recycling operators, waste haulers, utilities, and equipment rental companies, largely through a dealer and rental channel rather than direct to end users. As an equipment OEM, it is itself a large buyer of engines, axles, hydraulics, castings, and forgings from tier suppliers.

What certifications does Terex hold?

Terex operations hold ISO 9001:2015 for quality management and ISO 14001:2015 for environmental management, with scope defined per facility across its global plants. The company was recognized by its registrar as an early adopter of the 2015 revision of ISO 9001.

Last verified September 28, 2026. Is this your company? Request a correction.