Terex
25 named things its latest annual report says its results depend on, each in the company's own words. 10 of them are also named by other companies we've read.
Customers
National rental companies
earns from · less than 28% of our consolidated net salesA material portion of Aerials and ES net sales are to national rental companies.Business (Item 1)
U.S. government and municipalities
earns fromnamed as a riskA significant decline in overall government spending or a shift in expenditures away from agencies or programs that we support could cause a material decline in our sales and harm our financial results.Risk factors (Item 1A)
Suppliers
Single source suppliers
depends onnamed as a riskHowever, certain of our businesses receive materials and components from a single source supplier, although alternative suppliers of such materials may be generally available.Market risk (Item 7A)
Also named by ACHR, AMAT, BAX, BSX, BWXT, CL, DOV, EL and 11 more
Partners and platforms
Third-party floor plan financing institutions
depends onnamed as a riskFor some businesses, a small number of financial institutions provide our dealers’ total financed products outstanding in a floor plan financing program at any point in time.Risk factors (Item 1A)
Independent dealer networks
depends onnamed as a riskIf one or more of our significant dealers chooses not to renew a contract with us or to re-negotiate an agreement under advantageous terms, our sales and results of operations could be adversely affected.Risk factors (Item 1A)
Other companies
Floating rate debt
exposed to its price · 47.5% of our debt was floating rate debtnamed as a riskAt December 31, 2025, 47.5% of our debt was floating rate debt and the weighted average interest rate of our total debt was 5.19%.Market risk (Item 7A)
REV Group
named as a riskOur ability to realize the anticipated benefits of the REV Transaction, including the expected combination benefits, will depend, to a large extent, on the ability of management of the new combined company to integrate the businesses.Risk factors (Item 1A)
Aerials business divestiture
named as a riskWe may not be able to complete a transaction providing for a disposition of our Aerials business on favorable terms or on our anticipated timeline, if at all.Risk factors (Item 1A)
Industry anti-trust class action lawsuits
named as a riskIn addition, we are in the early stages of industry anti-trust class action lawsuits in which we have been named a defendant.Risk factors (Item 1A)
Dover Corporation
Our 2024 acquisition of ESG from Dover Corporation along with the completion of the REV Transaction on February 2, 2026 demonstrate our commitment to adding attractive businesses with complementary, leading brands in attractive, low cyclical, highly resilient and growing end markets.Business (Item 1)
Competitors
Oshkosh (JLG)
competes withThe following table shows the primary competitors, in alphabetical order, for our products in the following categories:Business (Item 1)
Places
China
competes withnamed as a riskLow-cost competition from China and other developing markets could also result in decreased demand for our products.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Northern Ireland
operates inMobile crushers are manufactured in Omagh, Northern Ireland;Business (Item 1)
Commodities and inputs
Euro
exposed to its price · approximately a $34 million impactnamed as a riskCertain of our assets, liabilities, expenses, revenues and earnings are denominated in other countries’ currencies, including the Euro, British Pound, Chinese Yuan, Australian Dollar, Indian Rupee and Mexican Peso.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Steel
exposed to its pricenamed as a riskPrincipal materials and components used in our various manufacturing processes include steel, castings, engines, tires, hydraulics, cylinders, drive trains, cab chassis, electric controls and motors, semiconductors, and a variety of other commodities and fabricated or manufactured items.Market risk (Item 7A)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Regulators
U.S. Securities and Exchange Commission (SEC)
subject tonamed as a riskWe and our directors, officers and employees are required to comply at all times with the terms of a 2009 settlement with the SEC that includes an injunction barring us from committing or aiding and abetting any future violations of the anti-fraud, books and records, reporting and internal control provisions of the federal securities laws and related SEC rules.Risk factors (Item 1A)
Also named by AB, ADSK, AMG, AMP, ARCC, ARES, BAM, BCSF and 44 more
European Commission
subject tonamed as a riskIf anti-dumping and anti-subsidy duties are not enough to offset any subsidies provided by the Chinese government to Chinese manufacturers and/or if their duties are modified as a result of any appeal process, it could result in reduced demand for our products in the E.U. and have an adverse effect on our business or results of operation.Risk factors (Item 1A)
Also named by AAPL, BKNG, CCK, FWONA, IONS, KRYS, META, MRNA and 1 more
Laws and programs
U.S. Section 232 steel tariffs
exposed to its price · from 25% to 50%named as a riskInflationary pressure on certain purchased components has persisted while the cost of U.S. steel remained volatile throughout 2025, driven by restocking demand and an increase of Section 232 tariffs on steel from 25% to 50%, which now apply to a broader range of steel and derivative products.Market risk (Item 7A)
Also named by AESI, ARLP, CLF, ET, JBI, NUE, RBC, SUN and 2 more
Credit agreement term loan facility
subject to · $1,250 millionnamed as a riskOn October 8, 2024, we entered into an Incremental Assumption, Borrowing Subsidiary Agreement and Amendment No. 2 to our credit agreement which (i) increased the size of our existing revolving credit facilities to $800 million and extended the maturity of our existing revolving credit facilities to expire on October 8, 2029, and (ii) provided for a new seven-year term loan facility in an aggregate principal amount of $1,250 million with a maturity date of October 8, 2031.Risk factors (Item 1A)
EU Corporate Sustainability Reporting Directive
subject tonamed as a riskConcerns regarding sustainability matters have resulted, and may continue to result, in new legal and regulatory requirements, including, but not limited to, the European Union’s European Sustainability Reporting Standards under the Corporate Sustainability Reporting Directive and California’s Climate Corporate Data Accountability Act.Risk factors (Item 1A)
Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more
U.S. tariffs on imported goods
subject tonamed as a riskIf we become unable to recover a substantial portion of any tariff related costs from our customers, suppliers, duty draw-back, or other available avenues, it could materially and adversely affect our business, financial condition and results of operations.Risk factors (Item 1A)
China retaliatory tariffs on U.S. imports
subject tonamed as a riskIn addition, increasing tariffs imposed by the Chinese government on U.S. imports, and the potential imposition of tariffs by other countries on U.S. imports, have made the cost of some of our products more expensive for our non-U.S. customers and such costs could further increase.Risk factors (Item 1A)
U.S. anti-dumping and countervailing duties on Chinese mobile access equipment
subject tonamed as a riskThe U.S. Department of Commerce has issued countervailing and anti-dumping duty rates on mobile access equipment from China.Risk factors (Item 1A)
Government highway and infrastructure funding
earns fromnamed as a riskAny decrease or delay in government funding of highway construction and maintenance, other infrastructure projects and overall government spending could cause our revenues and profits to decrease.Risk factors (Item 1A)
Russia iron and steel sanctions
subject tonamed as a riskAdditionally, import of certain purchased components and parts may be impacted by the implications of sanctions preventing the use of iron and steel from Russia in such components and parts.Market risk (Item 7A)