Terex (US:TEX)2021-07-30 16:09Financial Performance - Sales increased by 50% year-over-year in Q2 2021[8] - Bookings increased by 218% year-over-year[8] - Backlog increased by 199% year-over-year[8] - The company achieved double-digit margins of 11.8%[8] - AWP margins were 11.0% and MP margins were 16.4%[8] - Earnings per share (EPS) for continuing operations was $1.02, an improvement of $1.07 year-over-year[8] - Free cash flow was $101 million due to net working capital at 16.5% of sales[8] - Net sales reached $1,038.7 million in Q2 2021, a 50.4% increase compared to $690.5 million in Q2 2020[14] Segment Results - AWP segment net sales increased by 43.8% year-over-year[57] - MP segment net sales increased by 67.2% year-over-year[25] - AWP backlog increased by 182% year-over-year to $1,437 million[23, 57] - MP backlog increased by 231% year-over-year to $868 million[25, 57] Outlook - The updated full-year 2021 net sales outlook is ~$3,900 million, compared to the previous outlook of ~$3,700 million[27] - The updated full-year 2021 operating margin outlook is ~8.5%, compared to the previous outlook of ~7.75%[27] - The updated full-year 2021 EPS outlook is $2.85 - $3.05[27]