Terex (US:TEX)2022-08-04 04:38Financial Performance & Outlook - Q2 2022 sales reached $1.1 billion, a 4% increase year-over-year, or 9% on an FX neutral basis[13] - The company's backlog increased by 51% year-over-year to $3.5 billion, with an additional $600 million beyond 12 months[13] - Q2 2022 Earnings per Share (EPS) was $1.07, driven by improved price/cost dynamics[13] - The company is raising its full-year EPS outlook to a range of $3.80 - $4.20[13] - The initial net sales outlook was $4.1 billion - $4.3 billion, which remains unchanged in the updated outlook[43] Segment Performance - Materials Processing net sales increased by 9.1% year-over-year[37] - Aerial Work Platforms net sales increased by 0.4% year-over-year[38] - Materials Processing backlog increased by 62% year-over-year[38] - Aerial Work Platforms backlog increased by 32% year-over-year[37] Capital Allocation & Financial Position - $61 million in shares were repurchased in Q2 2022[13] - Total liquidity stands at $678 million, including an undrawn revolver of $425 million and cash of $253 million[40] - Approximately $100 million of capital has been returned to shareholders year-to-date[40]