<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.txt
<DESCRIPTION>TEREX CORP. PRESS RELEASE 11-04-04 AMENDMENT 2
<TEXT>


                                [TEREX LOGO]

                     NEWS RELEASE NEWS RELEASE NEWS RELEASE

For information contact: Tom Gelston - Director, Investor Relations (203)
222-5943

                 TEREX CORRECTS THIRD QUARTER SEGMENT BREAKDOWN

         WESTPORT, CT, November 4, 2004 -- Terex Corporation (NYSE: TEX)
previously announced that effective for the third quarter of 2004, it has
realigned certain operations in an effort to strengthen its ability to service
customers and to recognize certain organizational efficiencies. The Materials
Processing Group, formerly part of the Roadbuilding, Utility Products and Other
Segment, is now consolidated with the Terex Mining Group under the Terex
Materials Processing & Mining Segment. The Terex Light Construction and Load
King businesses, formerly part of the Roadbuilding, Utility Products and Other
Segment, are now part of the Aerial Work Platforms Segment.

         Terex today announced that it has revised certain historical segment
results for the three month and nine month periods ended September 30, 2003 as
previously presented in its press release dated October 27, 2004 reporting its
results of the third quarter of 2004. These revisions correct the allocation of
certain items among the segments, namely the reporting of certain product lines,
allocation of special items including the second quarter of 2003 goodwill
impairment charge, and intercompany eliminations between Terex's Materials
Processing & Mining Segment and its Roadbuilding, Utility Products and Other
Segment resulting from the realignment of these two segments. These corrections
do not impact Terex's consolidated financial results for the three month and
nine month periods ended September 30, 2004.

         Financial tables reflecting the correct historical segment data for the
three months and nine months ended September 30, 2004 and September 30, 2003 are
attached to this release. Terex has made available on its website,
www.terex.com, a copy of its October 27, 2004 release incorporating this
corrected information. Additionally, Terex has made available on its website a
document presenting its historical financial performance, by segment, on a
quarterly basis, commencing with the first quarter of 2003, and reflecting the
new reporting structure.

Safe Harbor Statement

         The above contains forward-looking statements based on Terex's current
expectations and projections about future events. Because forward-looking
statements involve risks and uncertainties, actual results could differ
materially. Such risks and uncertainties, many of which are beyond Terex's
control, include among others: Terex's business is highly cyclical and weak
general economic conditions may affect the sales of its products and its
financial results; the sensitivity of construction, infrastructure and mining
activity and products produced for the military to interest rates and government
spending; the ability to successfully integrate acquired businesses; the
retention of key management personnel; Terex's businesses are very competitive
and may be affected by pricing, product initiatives and other actions taken by
competitors; the effects of changes in laws and regulations; Terex's business is
international in nature and is subject to changes in exchange rates between
currencies, as well as international politics; the ability of suppliers to
timely supply Terex parts and components at competitive prices; the financial
condition of suppliers and customers, and their continued access to capital;
Terex's ability to timely manufacture and deliver products to customers; Terex's
significant amount of debt and its need to comply with restrictive covenants
contained in Terex's debt agreements; compliance with applicable environmental
laws and regulations; until the review by Terex of its intercompany accounts is
concluded, no assurance can be given that the financial statement adjustments,
impacts and periods described in this or other Terex press release are final or
that there may not be additional adjustments to the financial statements
<PAGE>

identified; and other factors, risks, uncertainties more specifically set forth
in Terex's public filings with the SEC. Actual events or the actual future
results of Terex may differ materially from any forward looking statement due to
those and other risks, uncertainties and significant factors. The
forward-looking statements herein speak only as of the date of this release.
Terex expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statement included in this release
to reflect any changes in Terex's expectations with regard thereto or any
changes in events, conditions, or circumstances on which any such statement is
based.

         Terex Corporation is a diversified global manufacturer with 2003 net
sales of $3.9 billion. The Company operates in five business segments: Terex
Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials
Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex
manufactures a broad range of equipment for use in various industries, including
the construction, infrastructure, quarrying, recycling, surface mining,
shipping, transportation, refining, utility and maintenance industries. Terex
offers a complete line of financial products and services to assist in the
acquisition of Terex equipment through Terex Financial Services. More
information on Terex can be found at www.terex.com.





                                       ###



















                                Terex Corporation
           500 Post Road East, Suite 320, Westport, Connecticut 06880
          Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com



                                       2
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<TABLE>
<CAPTION>




                                     Table I
                       TEREX CORPORATION AND SUBSIDIARIES
                                  (in millions)
                                   (unaudited)

                                                                   For the Three Months Ended September 30,
                                          ------------------------------------------------------------------------------------------
                                                             2004                                           2003
                                          ---------------------------------------------   ------------------------------------------

                                                              Special        Excluding                       Special       Excluding
                                                   GAAP         Items    Special Items            GAAP         Items   Special Items
                                          ---------------------------------------------   ------------------------------------------
Sales
<S>                                     <C>            <C>           <C>                <C>           <C>           <C>
   Construction (1)..................... $        418.5 $         --- $          418.5   $       307.2 $         --- $       307.2
   Cranes (2)...........................          269.3           ---            269.3           234.1           ---         234.1
   Aerial Work Platforms ...............          235.8           ---            235.8           150.7           ---         150.7
   Materials Processing & Mining .......          160.4           ---            160.4            90.1           ---          90.1
   Roadbuilding, Utility Products &
     Other .............................          190.4           ---            190.4           124.3           ---         124.3
   Corp / Eliminations .................          (22.6)          ---            (22.6)            ---           ---           ---
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $      1,251.8 $         --- $        1,251.8   $       906.4 $         --- $       906.4
                                          ============== ============= ================   ============= ============= =============

Gross Profit
   Construction (1)..................... $         55.4 $         1.1 $           56.5   $        39.7 $         --- $        39.7
   Cranes (2)...........................           29.2          (0.2)            29.0            25.5           1.3          26.8
   Aerial Work Platforms ...............           41.7           ---             41.7            33.9           ---          33.9
   Materials Processing & Mining .......           23.1           ---             23.1            17.3           ---          17.3
   Roadbuilding, Utility Products &
     Other .............................           23.6           ---             23.6            17.1           ---          17.1
   Corp / Eliminations .................           (0.1)          ---             (0.1)            ---           ---           ---
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $        172.9 $         0.9 $          173.8   $       133.5 $         1.3 $       134.8
                                          ============== ============= ================   ============= ============= =============

SG&A
   Construction (1)..................... $         35.8 $         --- $           35.8   $        25.1 $        (0.5)$        24.6
   Cranes (2)...........................           24.7           ---             24.7            20.1          (0.2)         19.9
   Aerial Work Platforms ...............           16.4           ---             16.4            16.2           ---          16.2
   Materials Processing & Mining .......           14.1           ---             14.1            12.4           ---          12.4
   Roadbuilding, Utility Products &
     Other .............................           20.6           ---             20.6            14.5           ---          14.5
   Corp / Eliminations .................            2.0           ---              2.0             0.8           0.8           1.6
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $        113.6 $         --- $          113.6   $        89.1 $         0.1 $        89.2
                                          ============== ============= ================   ============= ============= =============

Income (Loss) from Operations
   Construction (1)..................... $         19.6 $         1.1 $           20.7   $        14.6 $         0.5 $        15.1
   Cranes (2)...........................            4.5          (0.2)             4.3             5.4           1.5           6.9
   Aerial Work Platforms ...............           25.3           ---             25.3            17.7           ---          17.7
   Materials Processing & Mining .......            9.0           ---              9.0             4.9           ---           4.9
   Roadbuilding, Utility Products &
     Other .............................            3.0           ---              3.0             2.6           ---          2.6
   Corp / Eliminations .................           (2.1)          ---             (2.1)           (0.8)         (0.8)        (1.6)
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $         59.3 $         0.9 $           60.2   $        44.4 $         1.2 $       45.6
                                          ============== ============= ================   ============= ============= =============


</TABLE>

(1)  Special items relate primarily to period costs associated with the
     restructuring of previously announced restructuring programs and the
     write-down of certain assets in conjunction with a divestiture.
(2)  Special items relate to the completion of the costs associated with the
     closure and sale of the RO boom truck facility

                                       3

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<TABLE>
<CAPTION>




                               Table I (continued)
                       TEREX CORPORATION AND SUBSIDIARIES
                                  (in millions)
                                   (unaudited)

                                                                   For the Nine Months Ended September 30,
                                          ------------------------------------------------------------------------------------------
                                                             2004                                           2003
                                          ---------------------------------------------   ------------------------------------------
                                                              Special        Excluding                       Special       Excluding
                                                   GAAP         Items    Special Items            GAAP         Items   Special Items
                                          ---------------------------------------------   ------------------------------------------
<S>                                     <C>            <C>           <C>                <C>           <C>           <C>
Sales
   Construction (1)..................... $      1,283.2 $         --- $        1,283.2   $     1,008.1 $         --- $     1,008.1
   Cranes (2)...........................          755.4           ---            755.4           745.0           ---         745.0
   Aerial Work Platforms ...............          677.9           ---            677.9           493.4           ---         493.4
   Materials Processing & Mining (3)....          389.7           ---            389.7           298.9           ---         298.9
   Roadbuilding, Utility Products &
     Other (4)..........................          579.5           ---            579.5           370.2           ---         370.2
   Corp / Eliminations .................          (53.7)          ---            (53.7)          (32.7)          ---         (32.7)
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $      3,632.0 $         --- $        3,632.0   $     2,882.9 $         --- $     2,882.9
                                          ============== ============= ================   ============= ============= =============

Gross Profit
   Construction (1)..................... $        170.3 $         9.6 $          179.9   $       134.7 $         2.1 $       136.8
   Cranes (2)...........................           92.5           0.5             93.0            74.5          10.6          85.1
   Aerial Work Platforms ...............          133.9           ---            133.9           104.0           1.1         105.1
   Materials Processing & Mining (3)....           61.4           0.4             61.8            35.7          14.1          49.8
   Roadbuilding, Utility Products &
     Other (4)..........................           70.3           0.3             70.6            31.2          17.1          48.3
   Corp / Eliminations .................           (0.2)          ---             (0.2)           (0.3)          ---          (0.3)
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $        528.2 $        10.8 $          539.0   $       379.8 $        45.0 $       424.8
                                          ============== ============= ================   ============= ============= =============

SG&A
   Construction (1)..................... $        112.1 $        (0.6) $         111.5   $        86.9 $        (0.6) $       86.3
   Cranes (2)...........................           71.0          (1.0)            70.0            60.8          (0.7)         60.1
   Aerial Work Platforms ...............           52.5           ---             52.5            47.2          (0.2)         47.0
   Materials Processing & Mining (3)....           40.3           ---             40.3            35.8          (1.7)         34.1
   Roadbuilding, Utility Products &
     Other (4)..........................           61.5           ---             61.5            41.5          (0.1)         41.4
   Corp / Eliminations .................            7.4           ---              7.4             7.0          (4.5)          2.5
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $        344.8 $        (1.6) $         343.2   $       279.2 $        (7.8) $      271.4
                                          ============== ============= ================   ============= ============= =============

Goodwill Impairment
   Materials Processing & Mining (5).... $          --- $         --- $            ---   $        27.5 $       (27.5) $        ---
   Roadbuilding, Utility Products &
     Other (5)..........................            ---           ---              ---            23.8         (23.8)          ---
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $          --- $         --- $            ---   $        51.3 $       (51.3) $        ---
                                          ============== ============= ================   ============= ============= =============

Income (Loss) from Operations
   Construction (1)..................... $         58.2 $        10.2 $           68.4   $        47.8 $         2.7 $        50.5
   Cranes (2)...........................           21.5           1.5             23.0            13.7          11.3          25.0
   Aerial Work Platforms ...............           81.4           ---             81.4            56.8           1.3          58.1
   Materials Processing & Mining (3)....           21.1           0.4             21.5           (27.6)         43.3          15.7
   Roadbuilding, Utility Products &
     Other (4)..........................            8.8           0.3              9.1           (34.1)         41.0           6.9
   Corp / Eliminations .................           (7.6)          ---             (7.6)           (7.3)          4.5          (2.8)
                                          -------------- ------------- ----------------   ------------- ------------- -------------
      Total............................. $        183.4 $        12.4 $          195.8   $        49.3 $       104.1 $       153.4
                                          ============== ============= ================   ============= ============= =============
</TABLE>


                                       4
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(1)  Special items relate primarily to period costs associated with the
     restructuring of previously announced restructuring programs, write-down of
     certain assets in conjunction with a divestiture, as well as a liability
     associated with a pre-acquisition commitment at O&K
(2)  Special items relate primarily to the costs associated with the sale of
     discontinued parts business activities, the gain associated with the
     closure and sale of the Aerials Ireland facility and costs associated with
     a previously announced Crane group restructuring program
(3)  Special items relate primarily to the costs associated with the sale of
     discontinued parts business activities
(4)  Special items relate primarily to the restructuring of a Terex Utilities
     distribution location
(5)  Special items relate to goodwill impairment charges calculated when Terex's
     Cedarapids facility and Roadbuilding business were in the same reporting
     segment. The impairment charge has been reclassified into the newly
     realigned reporting segments as applicable.



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