This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Terex's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Terex Corporation ( TEX)

Q4 2011 Earnings Call

February 16, 2012 08:30 a.m. ET


Ronald DeFeo – Chairman and CEO

Phillip Widman – SVP and CFO

Kevin O'Reilly - VP of Operational Finance

Tom Gelston - VP of IR

Timothy Ford – President, Terex Aerial Work Platforms

Kevin Bradley – President, Terex Cranes

George Ellis – President, Terex Construction

Kieran Hegarty – President, Terex Materials Processing


Ted Grace - Susquehanna

Jerry Revich - Goldman Sachs

Ann Duignan - JP Morgan

David Raso - ISI Group

Sean Williams - BB&C Capital Markets

Seth Weber - RBC Capital Markets

Robert McCarthy - Robert W. Baird and Company, Inc.

Charles Brady - BMO Capital Markets

Andrew Casey - Wells Fargo Securities, LLC

Alex Blanton – Clear Harbor Asset Management

Joel Tiss - Buckingham Research Group Inc.

Matt Vittorioso – Barclays Capital

Brian Rayle - Northcoast Research



Good morning, my name is Brandy and I'll be your conference operator today. At this time, I would like to welcome everyone to Terex Corporation’s Fourth Quarter and Year End 2011 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

I would now like to turn the call over to Ronald DeFeo, Chairman and CEO. Please go ahead sir.

Ronald DeFeo

Thank you, Brandy, and good morning, ladies and gentlemen. Thank you for your interest in Terex today. On the call with me this morning is Phil Widman, our Senior Vice President and Chief Financial Officer; Kevin O'Reilly, Vice President of Operational Finance; and Tom Gelston, Vice President of Investor Relations. And later then mentioning each one of our Presidents of our operating units, most of them are participating on the call and will be available for your questions following our remarks. As usual, a replay of this call will be archived on the Terex website,, under Audio Archives in the Investor Relations section.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs