Terex Files 2005 Annual Report on Form 10-K

May 18, 2006 — Terex Corp., Westport, Conn., recently filed its annual report on Form 10-K for the year ended December 31, 2005 as well as its quarterly reports on Form 10-Q for the first, second, and third quarters of 2005. Terex also confirmed 2005 revenues of $6.4 billion and announced net income of $188.5 million, or $3.69 per share, for 2005, as compared with 2004 revenues of $5.0 billion and net income of $324.1 million, or $6.34 per share.

 

Excluding the impact of special items, net income was $208.7 million, or $4.08 per share, in 2005, compared to net income of $123.1 million, or $2.41 per share, for 2004. The tax rate for 2005 was 33.1%, excluding $5.5 million of tax expense related to the repatriation of cash in accordance with the American Jobs Creation Act, which has been identified as a special item. Stockholders' equity as of December 31, 2005 was $1,161 million, and the company's return on invested capital for 2005 was 21.5%.