In recent years, Terex has continuously driven business transformation, successfully transforming into a process-driven and performance-driven company by divesting asset-heavy and low-profit business lines, focusing on high-growth potential areas benefiting from favorable macroeconomic trends, and improving its operational systems and processes.

In 2024, Terex steadfastly followed its established strategic path, strengthening its resilience, significantly reducing the impact of cyclical fluctuations, and focusing on creating greater growth prospects and value.

This strategic backdrop helped Terex quickly adapt to industry-wide channel adjustments in the second half of 2024. In 2024, Terex achieved net sales of $5.127 billion and operating profit of $526 million. Earnings per share reached $6.11 that year, the second-highest figure in the company’s history, reflecting the strength of Terex’s product portfolio and its better-than-usual ability to cope with industry cycles.

In 2024, Terex completed the most important acquisition in its history—acquiring Environmental Solutions Group (ESG), a leading global manufacturer of waste recycling vehicles and waste compactors from the Dover Group, for $2 billion in cash.

This significant move in the sanitation equipment sector contributed substantially to Terex’s strong performance in 2024; it has generated financial value for Terex since the acquisition was completed.

Entering 2025, Terex will continue to firmly adhere to its development strategy, deeply integrate ESG, and maximize business synergies through resource integration and complementary strengths to provide customers with more comprehensive and efficient solutions.

We expect the industry-wide channel adjustments faced by Terex’s Aerial Work Platforms and Material Handling division to continue into the first half of 2025; the ESG and Power Engineering Vehicle businesses will continue to maintain strong growth momentum.

With a clear and well-defined market strategy, Terex’s net sales are projected to reach $5.3-5.5 billion in 2025.

【业界领袖纵论】特雷克斯CEO：业务成功转型，挺进环卫设备市场，为跨越行业周期提供坚实基础