Terex Corp expects to submit reports for financial year 2004 and restated prior annual reports with the Securities & Exchange Commission soon.

In January, the telehandler manufacturer said it would restate financial results for 2001 to 2003 after an investigation of intercompany transactions showed account imbalances (Forkliftaction.com News #192).

In a press release, Terex said it was in the final stages of reviewing its financial statements. The company said it would also submit reports for the first and second quarters of 2005 "as soon as practicable thereafter".

Terex has obtained a waiver from its bank allowing it to extend its deadline to provide lenders with financial information for fiscal 2004 and the first two quarters of 2005.