TEREX CORP
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 9, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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PART II
Our common stock is listed on the New York Stock Exchange under the symbol TEX. Certain of our debt agreements contain restrictions as to the payment of cash dividends to stockholders. In addition, Delaware law limits payment of dividends. In February 2024, Terex’s Board of Directors declared a dividend of $0.17 per share, which will be paid on March 19, 2024 to the Company’s stockholders of record as of March 8, 2024. Any additional payments of dividends will depend upon our financial condition, capital requirements and earnings, as well as other factors that the Board of Directors may deem relevant.
As of February 6, 2024, there were 485 registered stockholders of record of our common stock.
Performance Graph
The following stock performance graph is intended to show our stock performance compared with that of comparable companies. The stock performance graph shows the change in market value of $100 invested in our common stock, the Standard & Poor’s (“S&P”) 500 Stock Index and the S&P Industrial Machinery Index for the period commencing December 31, 2018 through December 31, 2023. The cumulative total stockholder return assumes dividends are reinvested. The stockholder return shown on the graph below is not indicative of future performance.
We believe that our diversified portfolio of businesses, which evolves in accordance with acquisitions, dispositions and other transactions, is better benchmarked against the S&P Industrial Machinery Index for comparison prospectively rather than a self-selected peer group of individual companies.
| 12/18 | 12/19 | 12/20 | 12/21 | 12/22 | 12/23 | |
|---|---|---|---|---|---|---|
| Terex Corporation | 100.00 | 109.68 | 129.28 | 164.44 | 162.05 | 220.56 |
| S&P 500 | 100.00 | 131.49 | 155.68 | 200.37 | 164.08 | 207.21 |
| S&P Industrial Machinery & Components | 100.00 | 136.87 | 157.91 | 194.16 | 165.21 | 208.28 |
| Copyright© 2023 Standard & Poor's, a division of S&P Global. All rights reserved. | ||||||
Purchases of Equity Securities
The following table provides information about our purchases during the quarter ended December 31, 2023 of our common stock that is registered by us pursuant to the Exchange Act.
| Issuer Purchases of Equity Securities | ||||
|---|---|---|---|---|
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Approximate Dollar Value of Shares that May Yet be PurchasedUnder the Plans or Programs (in thousands) (2) |
| October 1, 2023 – October 31, 2023 | 148,979 | $48.47 | 148,129 | $151,793 |
| November 1, 2023 – November 30, 2023 | 300,798 | $48.52 | 299,841 | $137,246 |
| December 1, 2023 – December 31, 2023 | 105,691 | $50.83 | 102,600 | $132,050 |
| Total | 555,468 | $48.95 | 550,570 | $132,050 |
(1)Amount includes shares of common stock purchased to satisfy requirements under the Company’s deferred compensation obligations to employees.
(2)In July 2018, our Board of Directors authorized the repurchase of up to $300 million of our outstanding shares of common stock. In December 2022, our Board of Directors authorized the additional repurchase up to $150 million of our outstanding shares of common stock.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.