Industrial Trucks, Tractors, Trailors & Stackers · DE · CIK 97216
Terex manufactures and supports global industrial equipment for materials processing, waste and recycling, aerial work platforms, and electric utility industries
46 added · 60 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
Form 8-K Current Report, Commission File No. 1-37999, dated February 29, 2024, and filed with the Commission on March 1, 2024). *** 10.28 Form of Restricted Stock Unit Award Agreement under the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.7 of the REV Group, Inc.
Form 10-K Annual Report, Commission File No. 1-37999, dated October 31, 2025, and filed with the Commission on December 10, 2025). *** 10.29 Board of Directors Form of Restricted Stock Unit Agreement under the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.9 of the REV Group, Inc.
Form 10-K Annual Report, Commission File No. 1-37999, dated October 31, 2025, and filed with the Commission on December 10, 2025). *** 10.30 Form of Restricted Stock Award Agreement under the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.10 of the REV Group, Inc.
Form 10-K Annual Report, Commission File No. 1-37999, dated October 31, 2025, and filed with the Commission on December 10, 2025). *** 19.1 Insider Trading Policy (incorporated by reference to Exh ibit 19.1 of the Form 10-K for the year ended December 31, 2024 of Terex Corporation, Commission File No 1-10702) . 21.1 Subsidiaries of Terex Corporation . * 23.1 Consent of Independent Registered Public Accounting Firm KPMG LLP, Boston , MA . * 24.1 Power of Attorney. * 31.1 Chief Executive Officer Certification pursuant to Rule 13a-14(a)/15d-14(a). * 31.2 Chief Financial Officer Certification pursuant to Rule 13a-14(a)/15d-14(a). * 32 Chief Executive Officer and Chief Financial Officer Certification pursuant to 18 U.S.C.
The new guidance is effective for annual reporting periods beginning after December 15, 2026 and interim periods within those fiscal years, with early adoption permitted.
The guidance is effective for fiscal years beginning after December 15, 2025 and interim periods within those fiscal years, with early adoption permitted.
The guidance is effective for fiscal years beginning after December 15, 2027 and interim periods within those fiscal years, with early adoption permitted.
Sufficiency of audit evidence over inventory quantities As discussed in Notes A and F to the consolidated financial statements, the Company held $1,109 million of inventory, which was held at a large number of locations, as of December 31, 2025.
In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient to assume that conditions as of the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606.
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which eliminates the accounting consideration of software project development stages and clarifies the threshold applied to begin capitalizing costs.
Meester (Principal Executive Officer) /s/ Jennifer Kong-Picarello Senior Vice President and Chief Financial Officer February 13, 2026 Jennifer Kong-Picarello (Principal Financial Officer) /s/ Stephen A.
Derivatives designated as net investment hedging instruments include cross currency swaps with outstanding notional value of $ 470 million and $ 466 million at December 31, 2025 and 2024, respectively.
No longer disclosed
The guidance is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024.
The Company adopted the general disclosures of ASU 2022-04 in 2023 and has adopted the full requirements of the guidance in the current fiscal year.
Based on this assessment, the Company’s management has concluded that, as of December 31, 2024, the Company’s internal control over financial reporting was effective. 46 The scope of management’s assessment of the effectiveness of internal control over financial reporting includes all of the Company’s consolidated operations except for the operations of ESG, which the Company acquired on October 8, 2024.
The Company acquired Environmental Solutions Group (ESG) during 2024, and management excluded from its assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024, Environmental Solutions Group (ESG)’s internal control over financial reporting associated with 40% of total assets and 4.4% of total revenues included in the consolidated financial statements of the Company as of and for the year ended December 31, 2024.
Fair Value of Acquired Customer Relationship Intangible Asset As discussed in Notes A and D to the consolidated financial statements, during 2024, the Company acquired Environmental Solutions Group (ESG) for an aggregate purchase price of $2,010 million.
Accounting Standards Implemented in 2024 In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2022-04, Supplier Finance Program (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations to enhance transparency about the use of supplier finance programs.
The amendments in ASU 2022-04 are effective for all entities for fiscal years beginning after December 15, 2022, including interim periods within those financial years, except for the disclosure of roll forward information, which is effective for fiscal years beginning after December 15, 2023.
In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires additional segment reporting disclosures, primarily through enhanced disclosures about significant segment expenses.
ASU 2023-07 requires that companies disclose, at the reportable segment level, the significant segment expenses regularly provided to the chief operating decision maker (“CODM”), as well as the amount and composition of other segment items.
F-17 Business segment information is presented below (in millions): Year Ended December 31, 2024 MP AWP ESG Total Net sales $ 1,902 $ 2,996 $ 228 $ 5,126 Reconciliation of net sales Corporate and Other / Eliminations 1 Consolidated net sales 5,127 Less: (1) Cost of goods sold 1,458 2,406 197 4,061 Compensation expense 108 118 12 238 Other segment items (2) 84 130 7 221 Segment income (loss) from operations $ 252 $ 342 $ 12 $ 606 Reconciliation of income (loss) from operations Corporate and Other / Eliminations ( 80 ) Consolidated income (loss) from operations $ 526 (1) Significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
Year Ended December 31, 2023 MP AWP ESG Total Net sales $ 2,227 $ 2,922 $ — $ 5,149 Reconciliation of net sales Corporate and Other / Eliminations 3 Consolidated net sales 5,152 Less: (1) Cost of goods sold 1,672 2,298 — 3,970 Compensation expense 113 123 — 236 Other segment items (2) 83 130 — 213 Segment income (loss) from operations $ 359 $ 371 $ — $ 730 Reconciliation of income (loss) from operations Corporate and Other / Eliminations ( 93 ) Consolidated income (loss) from operation
ESG’s operations represent 4.4% of the Company’s consolidated revenues for the year ended December 31, 2024, and assets associated with ESG’s operations represent 40% of the Company’s consolidated total assets as of December 31, 2024.