TEREX CORPORATION (NYSE:TEX) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
TEREX CORPORATION (NYSE:TEX) Files An 8-K Regulation FD Disclosure
Terex Corporation (“Terex” or the “Company”) owns approximately 15.5% of the outstanding shares of Konecranes Plc (“Konecranes”). Terex previously stated it was evaluating how the Company would account for its ownership interest in Konecranes. The Company has now determined that it will elect the fair value option, in accordance with Accounting Standards Codification 825, to account for its ownership interest in Konecranes. As a result, changes in fair value of the shares and any dividends the Company receives as a result of its ownership interest in Konecranes, will be recognized in earnings at each reporting date. However, the Company intends to exclude the effect of changes in fair value of the shares when it discusses its earnings results in the future on a non-U.S. generally accepted accounting principles basis, as the Company does not believe changes in fair value of the Konecranes shares is reflective of the Company’s operational performance.
About TEREX CORPORATION (NYSE:TEX)
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The AWP segment’s products are used by its customers to construct and maintain industrial, commercial and residential buildings and facilities, and for other commercial operations, as well as in a range of infrastructure projects. The Cranes segment’s products are used by its customers for construction and manufacturing facilities, among others. The MP segment’s products are used by its customers in construction, infrastructure and recycling projects. TEREX CORPORATION (NYSE:TEX) Recent Trading Information
TEREX CORPORATION (NYSE:TEX) closed its last trading session down -0.69 at 30.40 with 2,282,671 shares trading hands.
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The AWP segment’s products are used by its customers to construct and maintain industrial, commercial and residential buildings and facilities, and for other commercial operations, as well as in a range of infrastructure projects. The Cranes segment’s products are used by its customers for construction and manufacturing facilities, among others. The MP segment’s products are used by its customers in construction, infrastructure and recycling projects. TEREX CORPORATION (NYSE:TEX) Recent Trading Information
TEREX CORPORATION (NYSE:TEX) closed its last trading session down -0.69 at 30.40 with 2,282,671 shares trading hands.
