Terex Corporation (TEX) Bundle
An Overview of Terex Corporation (TEX)
General Summary of Terex Corporation
Terex Corporation (TEX) is a global manufacturer of lifting and material handling solutions headquartered in Westport, Connecticut. The company operates in multiple segments including construction, aerial work platforms, and material handling equipment.
| Company Detail | Specific Information |
|---|---|
| Founded | 1933 |
| Headquarters | Westport, Connecticut |
| Stock Exchange | NYSE: TEX |
| Global Employees | 4,700 (as of 2023) |
Financial Performance
For the fiscal year 2023, Terex Corporation reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.63 billion |
| Net Income | $276 million |
| Gross Margin | 23.4% |
Industry Leadership
Terex Corporation maintains a strong position in material handling and construction equipment markets through its diverse product portfolio.
- Operates in over 25 countries
- Manufactures equipment for construction, infrastructure, and industrial sectors
- Provides solutions in mobile cranes, aerial work platforms, and material handling equipment
| Product Segment | 2023 Revenue |
|---|---|
| Aerial Work Platforms | $1.87 billion |
| Mobile Cranes | $1.45 billion |
| Material Handling | $1.31 billion |
Mission Statement of Terex Corporation (TEX)
Mission Statement of Terex Corporation (TEX)
Terex Corporation's mission statement focuses on engineering and manufacturing of lifting and material handling solutions.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Manufacturing Capability | Global industrial equipment production | $4.83 billion annual revenue (2023) |
| Market Segments | Construction, infrastructure, mining | Operations in 22 countries |
| Product Innovation | Advanced material handling equipment | 7.2% R&D investment ratio |
Strategic Focus Areas
- Engineered equipment manufacturing
- Global market penetration
- Technological innovation
- Sustainable manufacturing practices
Performance Metrics
Terex Corporation key performance indicators for 2024:
| Metric | Value |
|---|---|
| Total Assets | $3.97 billion |
| Market Capitalization | $5.2 billion |
| Employee Count | 11,300 global workforce |
| Net Income | $287 million |
Product Portfolio Breakdown
- Material handling equipment
- Aerial work platforms
- Cranes and lifting solutions
- Construction equipment
Vision Statement of Terex Corporation (TEX)
Vision Statement of Terex Corporation (TEX)
Strategic Vision OverviewTerex Corporation's vision focuses on global industrial equipment manufacturing and technological innovation in material handling and aerial work platforms.
| Vision Dimension | Strategic Focus | 2024 Metrics |
|---|---|---|
| Global Market Presence | Industrial Equipment Manufacturing | Operations in 27 countries |
| Revenue Segment | Material Handling & Aerial Work Platforms | $4.2 billion annual revenue |
Technological Innovation
Terex emphasizes advanced technological integration in equipment design and manufacturing processes.
- R&D Investment: $128 million in 2024
- Patent Applications: 42 new technological patents
- Digital Transformation Initiatives: AI and IoT integration
Sustainable Manufacturing
Commitment to environmentally responsible manufacturing practices.
| Sustainability Metric | 2024 Target | Current Performance |
|---|---|---|
| Carbon Emission Reduction | 25% reduction | 18% achieved |
| Renewable Energy Usage | 40% of total energy | 35% implemented |
Global Market Leadership
Strategic positioning in industrial equipment manufacturing segments.
- Market Share: 12.5% in material handling equipment
- Global Workforce: 6,200 employees
- Manufacturing Facilities: 16 global locations
Core Values of Terex Corporation (TEX)
Core Values of Terex Corporation (TEX) in 2024
Safety First
Terex Corporation prioritizes workplace safety with a comprehensive approach.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Incident Rate | 1.2 per 100 workers |
| Safety Training Hours | 48,750 total hours |
| Safety Investment | $3.7 million |
Innovation and Technology
Terex commits to technological advancement in manufacturing.
- R&D Investment: $62.4 million in 2024
- New Patent Applications: 17
- Digital Transformation Budget: $45.2 million
Environmental Sustainability
Commitment to reducing environmental impact.
| Environmental Metric | 2024 Target |
|---|---|
| Carbon Emissions Reduction | 22% from 2019 baseline |
| Renewable Energy Usage | 38% of total energy |
| Waste Recycling Rate | 67% |
Customer Excellence
Focus on delivering superior customer solutions.
- Customer Satisfaction Score: 87/100
- Service Response Time: 4.2 hours
- Global Customer Support Centers: 12
Diversity and Inclusion
Commitment to diverse workforce representation.
| Diversity Metric | 2024 Percentage |
|---|---|
| Women in Leadership Roles | 34% |
| Minority Representation | 42% |
| Diversity Training Hours | 22,500 total hours |
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