Core Viewpoint - Terex Corporation reported a significant decline in adjusted earnings per share, down 52% year-over-year, despite beating consensus estimates, indicating challenges in sales volume and production adjustments due to weak demand [1][2][3]. Financial Performance - Adjusted earnings per share were 83 cents, surpassing the Zacks Consensus Estimate of 49 cents, but down from $1.74 in the prior-year quarter [1][3]. - Total revenues decreased by 5% year-over-year to $1.23 billion, slightly above the Zacks Consensus Estimate of $1.22 billion [3]. - Including one-time items, earnings were reported at 31 cents per share, down from $1.60 in the same quarter last year [3]. Segment Performance - The Materials Processing segment saw revenues fall by 27% year-over-year to $382 million, with operating income down 50% [8]. - The Aerial Work Platforms segment generated revenues of $450 million, a 28% decline, with operating profit plunging 98% [9]. - The Environmental Services segment, including the recently acquired Environmental Solutions Group, reported revenues of $399 million and an operating profit of $56 million [9]. Cost and Margin Analysis - Cost of goods sold increased by 0.4% year-over-year to $999 million, while gross profit fell by 23% to $230 million [6]. - Adjusted operating profit was $111 million, down from $163 million in the previous year, with an adjusted operating margin of 9.1%, a contraction of 350 basis points [7]. Cash Flow and Shareholder Returns - As of March 31, 2025, cash and cash equivalents were $298 million, down from $388 million at the end of 2024 [10]. - The company returned $43 million to shareholders through share repurchases and dividends during the quarter [11]. Outlook - Terex expects sales in the Materials Processing segment to decline in high single digits from a baseline of $1.9 billion, and AWP segment revenues to decrease in low double digits from a baseline of $2.41 billion [12]. - Projected net sales for 2025 are in the range of $5.3 billion to $5.5 billion, indicating a year-over-year growth of 6% at the midpoint [12]. - Adjusted earnings per share are expected to be between $4.70 and $5.10, reflecting a 20% drop at the midpoint from the previous year's earnings of $6.11 [13]. Stock Performance - Terex's shares have declined by 33.5% over the past year, compared to a 7.1% decline in the industry [16].