Terex's Patrick Carroll to Retire May 14, 2027
Terex's Patrick Carroll, President of Environmental Solutions, will retire on May 14, 2027. The company plans to announce a successor by December 31, 2026, to ensure a smooth transition.
TEREX CORP
Terex designs, manufactures, services and markets industrial equipment for customers in construction, infrastructure, utilities, waste and recycling, mining, materials management and other industries. Its products are made in North America, Europe and Asia Pacific and sold worldwide. Terex is headquartered in Norwalk, Connecticut, and reports three segments: Environmental Solutions, Material Processing and Aerials. Environmental Solutions supplies refuse collection, compaction, recycling and utility equipment, digital fleet and waste-hauler software, parts and related services, under brands including Heil, Marathon and 3rd Eye. Material Processing offers crushing, screening, washing, recycling and wood-processing equipment, along with material handlers, cranes, concrete equipment and robotic waste sorting, under brands including Powerscreen, Fuchs and EvoQuip. Aerials sells Genie-branded aerial work platforms and telehandlers, with parts and service. Terex also helps customers arrange equipment financing through third-party financial institutions.
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See all $TEX insider activity →Terex's Patrick Carroll, President of Environmental Solutions, will retire on May 14, 2027. The company plans to announce a successor by December 31, 2026, to ensure a smooth transition.
TEREX CORP (TEX) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 6, 2026, Patrick Carroll, President, Environmental Solutions, one of Terex Corporation’s (the “Company”) busin
Evercore ISI Group kept Terex's rating at Outperform but reduced its price target to $79 from $83, a 4.8% cut. This implies a 36.1% upside from the Nov 9 close of $58.05. Recent analyst targets for Terex range from $60 to $87.
Over the past 7 days, AlphAI's AI scored 3 news stories mentioning TEX (TEREX CORP). Coverage has skewed bullish: 1 bullish, 2 neutral, and 0 bearish.
Recent TEX coverage spans financial news, earnings and corporate actions.
Executive retirement may cause modest stock movement as investors assess succession risk.
Potential short‑term pressure as investors assess leadership transition.
Evercore ISI Group kept Terex's rating at Outperform but reduced its price target to $79 from $83, a 4.8% cut. This implies a 36.1% upside from the Nov 9 close of $58.05. Recent analyst targets for Terex range from $60 to $87.
Positive short‑term catalyst from policy relief.
Fund endorsement may provide modest positive sentiment but no concrete catalyst.
AlphAI scores every news story that mentions TEX with an AI model for sentiment and relevance, and aggregates insider trades from TEREX CORP's SEC EDGAR Form 4 filings. Figures refresh continuously.
Terex's Patrick Carroll, President of Environmental Solutions, will retire on May 14, 2027. The company plans to announce a successor by December 31, 2026, to ensure a smooth transition.
TEREX CORP (TEX) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 6, 2026, Patrick Carroll, President, Environmental Solutions, one of Terex Corporation’s (the “Company”) busin
Evercore ISI Group kept Terex's rating at Outperform but reduced its price target to $79 from $83, a 4.8% cut. This implies a 36.1% upside from the Nov 9 close of $58.05. Recent analyst targets for Terex range from $60 to $87.
Shares of Terex (TEX), Titan International (TWI), Caterpillar (CAT), AGCO, and AeroVironment (AVAV) rose after China extended export control relief on rare earth materials until 2027, easing supply chain concerns. AeroVironment's stock surged 10.5%, highlighting its volatility and significant market reaction. The company's recent earnings beat estimates, but guidance fell short of expectations.
FPA Queens Road Small Cap Value Fund's Q3 2026 letter reported a -7.62% quarterly return, underperforming the Russell 2000 Value Index. The fund highlighted Terex Corporation (TEX) as a holding, noting its attractive valuation and strategic moves. TEX's stock traded between $41.70 and $74.69 over the past year, closing at $56.15 on October 30, 2026, with a market cap of $6.52 billion.
Terex (TEX) agreed to acquire Keestrack, a Belgium-based manufacturer of mobile crushing and screening equipment. The deal, expected to close in Q4 2026, will expand Terex's portfolio and add manufacturing capabilities. Keestrack will operate independently post-acquisition.
Terex reported Q3 sales of $2.2B, up 11.6%, with adjusted EBITDA of $286M and EPS of $1.50. Operating cash flow was $241M, and free cash flow was $209M. The company raised its 2026 free cash flow outlook to $360M-$400M. Bookings rose 53% YoY, with growth across all segments and a backlog of $7B.
TEREX CORP (TEX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Third Quarter 2026 Earnings Release Conference Call October 28, 2026 Drew Konop – Terex Corporation – Vice President, Investor Relations Good morning and welcome to the Terex Corporation (“Terex” or “Company”) third quarter 2026 earnings conference call. A copy of the press relea
Terex Corp. (TEX) was a quarterly detractor for the Snow Capital Small Cap Value Fund, despite strong operational performance. The stock declined due to late-quarter interest rate increases, though it maintains a 22.88% 52-week gain. The fund sees TEX as attractively valued with exposure to heavy industrial machinery and commercial vehicles.
Truist Securities kept its Buy rating on Terex and increased its price target to $87 from $85, suggesting a 63% upside from the last close at $53.37. Recent analyst targets for Terex range from $58 to $85.