This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Terex's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Ronald De Feo

Thank you and good morning ladies and gentlemen. Thanks for your interest in Terex today. On the call with me this morning is Phil Widman, our Senior Vice President and CFO; Tom Gelston, Vice President of Investor Relations, and participating on the call and available for your questions will be our leadership team, including our business segment presidents and geographic representation from China and developing markets.

As usual, a replay of this call will be archived on the Terex website,, under Audio Archives in the Investor Relations section. I’ll begin with some overall commentary and highlights and Phil will follow with a more detailed financial report, and then of course we’ll open it to your questions. I’d like to request that you ask one question and a follow-up in order to give everyone a chance to participate.

For the call, we’ve prepared a presentation guide to the commentary – that’s available on our website. I’m going to begin by referring to the forward-looking statements and the commentary on that relative to Page 2. I encourage you to read and review the materials, as well as other disclosure available in our public documents.

So now let me begin on Page 3. Overall, I think we began 2012 quite positively. Simply stated, AWP performance improved markedly, cranes returned to solid profitability, our construction business broke even, our newly acquired materials handling and port solution segment performed as expected, the materials processing business had strong performance and our highest margins, plus we generated solid free cash flow. As I look at the global business environment, it continues to support our 2012 financial plan. Most of our end markets are in recovery mode. North America is performing well, as is Australia. Our road building business in North America continues to be challenged, however, as you know, and our European performance is spotty.

2 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs