Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...

NORWALK, Conn., Aug. 28, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that company leadership will participate in a fireside chat at the Jefferies Industrials Conference. They will speak at 10:25 AM EST on Thursday, September 5, 2024. About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applic ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as ...

Shares of Terex Corporation (TEX) have moved down 19% since it reported second-quarter 2024 results on Jul 30, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting lower end-market demand in Europe. TEX reported second-quarter 2024 adjusted earnings per share of $2.16, which beat the Zacks Consensus Estimate of $2.03. The bottom line fell 8.1% from the prior-year quarter. Operational Update Revenues in the reported quarter fel ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed along ...

Guarantees Please refer to Note A – "Basis of Presentation" in the accompanying Condensed Consolidated Financial Statements for a summary of recently issued accounting standards. (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Terex Corporation (Exact name of registrant as specified in its charter) Delaware 34-1531521 (State of Incorporation) (IRS Employer Identification No. ...

Financial Data and Key Metrics Changes - The company reported second quarter GAAP EPS of $2.08 per share, with adjusted EPS of $2.16 per share, reflecting a slight decrease in net sales to approximately $1.4 billion, down 1.5% year-over-year [24][52] - Free cash flow for the second quarter was $42 million, which included one-time proceeds from the sale of the Oklahoma City facility [24][52] - The current backlog stands at $2.4 billion, approximately 2x historical norms, indicating strong demand despite market fluctuations [49] Business Line Data and Key Metrics Changes - The AWP segment generated sales of $882 million, up nearly 7% year-over-year, driven by higher demand in North America [50] - The MP segment reported sales of $499 million, impacted by market pressures in Europe, particularly in the German-based Fuchs materials handling business [54] - AWP's operating profit was $134 million, while MP's operating profit was $77 million, with MP maintaining strong operating margins of 15.4% despite challenges [50][54] Market Data and Key Metrics Changes - The U.S. economy shows resilience with GDP outperforming expectations, while the European market remains mixed, with Germany and Italy struggling [33][34] - Emerging markets such as India, Southeast Asia, and Latin America are increasingly adopting the company's products, providing growth opportunities [34] - The company expects demand in the U.S. market to remain robust, with rental customers returning to customary ordering patterns as the operating environment normalizes [43][44] Company Strategy and Development Direction - The company is focused on a strategy of execute, innovate, and grow, aiming for consistent sustainable growth driven by mega trends and federal investments [35][36] - The recent acquisition of ESG is expected to accelerate long-term shareholder value growth and diversify the company's portfolio [41] - The company plans to leverage technology and operational efficiencies to improve margins and financial performance [38][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term outlook, citing strong market dynamics in the U.S. and the potential for increased activity from infrastructure investments [35][36] - The company anticipates a full-year adjusted EPS range of $7.15 to $7.45, indicating confidence in operational execution and cost management [59] - Management acknowledged ongoing cost inflation in the industry but emphasized transparency with customers regarding pricing strategies [90] Other Important Information - The company has returned $50 million to shareholders through share repurchases and dividends, maintaining a strong financial position [65] - The expected full-year sales forecast has been updated to a range of $5.1 billion to $5.3 billion, with AWP strength offsetting MP weakness [58] - The company is planning capital expenditures of approximately $145 million for the year, primarily related to the Monterrey facility [57] Q&A Session Summary Question: Impact of near-term softening in Europe on pricing - Management aims for price-cost neutrality despite ongoing cost inflation in components like electronics and labor [2][3] Question: Softness in the MP business - The softness is primarily driven by end demand in Europe, with North America showing high fleet productivity [3][11] Question: Concerns about over-earning in MP - Management noted that MP has consistently grown over the past decade and remains optimistic about North American opportunities [10][11] Question: Book-to-bill expectations for AWP - Management expects Q4 book-to-bill to be better than Q3, with discussions for 2025 still in early stages [21][22] Question: Competitive landscape post-EU ruling - Management is encouraged by the EU ruling against dumping, which is expected to create a more level playing field [75][77] Question: Utilization and pricing trends in the U.S. - Utilization remains strong, particularly for products used in mega projects, although there is some divergence in local project performance [78][79] Question: Backlog coverage for sales support - The current backlog provides good coverage for the remainder of the year, with a significant portion already allocated to 2025 [81][84] Question: Price sensitivity and inflation pass-through - Management emphasized transparency with customers regarding cost inflation and the need for disciplined pricing strategies [89][90]

The reported revenue represents a surprise of -2.34% over the Zacks Consensus Estimate of $1.41 billion. With the consensus EPS estimate being $2.03, the EPS surprise was +6.40%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Net sales- Aerial Work Platforms (AWP) Net sales- Materials Processing & Mining (MP) Net sales- Corp and Oth ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Terex shares have added about 15.3% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be interesting t ...

NORWALK, Conn., July 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX), a global manufacturer of materials processing machinery and aerial work platforms, today announced its results for the second quarter 2024. "The Terex team continues to perform at a high level and demonstrated strong execution in the second quarter," said Simon Meester, Terex President and Chief Executive Officer. "The recently announced agreement to purchase Environmental Solutions Group ("ESG") strengthens our portfolio and lever ...