WASHINGTON (dpa-AFX) - Amended: modifies reason for the decline of stock

Shares of Terex Corporation (TEX) slipped over 9% on Wednesday morning after the
company's updated earnings outlook missed Street estimates. The company also
announced its CEO succession plan.

TEX is currently trading at $49.10, down $5.13 or 9.45%, on the NYSE. The stock
opened its trading at $49.66 after closing Tuesday at $54.23. The stock has
traded between $32.24 and $65.64 in the past 52-week period.

Terex now expects its full-year 2023 earnings per share to be about $7.05.
Earlier, the company expected earnings to be about $7.00 per share. Analysts
polled by Thomson Reuters currently expect earnings of $7.16 per share.

Terex announced that John Garrison, Jr. is retiring as Chairman and Chief
Executive Officer and a member of the Board of Directors, effective January 1,
2024.

Garrison will be succeeded by Simon Meester, current President Terex Aerial Work
Platforms, as the Company's President and Chief Executive Officer. Meester will
also join the Company's Board.

Garrison will work closely throughout the remainder of 2023 with Meester to
ensure a seamless and orderly transition of responsibilities.

Joshua Gross, current Genie Vice President of Global Strategy and Product
Management, will be promoted to President Genie.



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