Terex Inks Deal to Divest Tower & Rough Terrain Crane Businesses

Terex Corporation TEX announced  that it inked a definitive agreement with Raimondi Cranes SpA to sell its Terex Tower and Rough Terrain Cranes businesses. This move is in sync with Terex's focus to reduce cyclicality and boost core business growth.Details on Terex’s Deal With Raimondi CranesAs part of the deal, the company will sell its Italian facilities, the Terex Tower Cranes facility in Fontanafredda and the Terex Rough Terrain Cranes facility in Crespellano. The deal also includes the Terex North America Cranes service and support operation based in Wilmington, NC. The company did not include Franna pick and carry cranes in the agreement. Terex will continue to manufacture them at its facilities in Eagle Farm, Brisbane, and Hosur, India. Headquartered in Italy, Raimondi Cranes manufactures cranes that operate globally. The deal will aid Raimondi Cranes by creating synergies and delivering a wider range of solutions  by integrating Terex's Tower and Rough Terrain cranes. Terex’s team is collaborating with Raimondi Cranes closely to ensure a smooth transition and prioritizing transparency.The transaction is expected to be completed by the second half of 2025, subject to regulatory approvals. Terex is focused on aligning production and cost structure across its segments in response to the customer demand environment, while aggressively managing costs and working capital. This deal will help Terex enhance synergies across its three business segments — Materials Processing, Aerials and Environmental Solutions.TEX Q2 PerformanceTerex posted adjusted earnings of $1.49 per share for the second quarter of 2025, marking a 31% year-over-year decline. However, the figure beat the Zacks Consensus Estimate of $1.44.Terex’s revenues for the quarter totaled $1.487 billion, up 7.6% from the year-ago period and exceeding the Zacks Consensus Estimate of $1.455 billion. Terex expects revenues of $5.3- $5.5 billion in 2025, and earnings per share between $4.70 and $5.10.Terex Stock’s Price PerformanceTerex's shares have lost 2.5% over the past year against the industry’s 24.7% decline.  Image Source: Zacks Investment Research TEX’s Zacks Rank & Stocks to ConsiderTerex currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Industrial Products sector are Flowserve Corporation FLS, Life360, Inc. LIF and DNOW Inc. DNOW. FLS sports a Zacks Rank #1 (Strong Buy), and LIF and DNOW have a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Flowserve’s 2025 earnings is pegged at $3.34 per share, indicating a year-over-year increase of 27%. Flowserve’s shares have gained 14.5% in a year.Life360 delivered an average trailing four-quarter earnings surprise of 487%. The Zacks Consensus Estimate for LIF’s 2025 earnings is pinned at 29 cents per share, which indicates a year-over-year upsurge of 583%. Life360’s shares have skyrocketed 137.8% in a year.DNOW delivered an average trailing four-quarter earnings surprise of 44.1%. The Zacks Consensus Estimate for DNOW’s 2025 earnings is pinned at 95 cents per share, which indicates year-over-year growth of 4.4%. The company’s shares have gained 28.4% in a year.Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terex Corporation (TEX): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report DNOW Inc. (DNOW): Free Stock Analysis Report Life360, Inc. (LIF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks