---
schema_version: "secwatch.filing_event.v1"
accession: "0000097216-23-000133"
form_type: "8-K"
ticker: "TEX"
cik: "0000097216"
company_name: "TEREX CORP"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:58:55.776011+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Terex Q1 EPS $1.60 (up 116% YoY), raises FY2023 EPS outlook to $5.60-$6.00

## Summary
- Q1 sales $1.2B (+23% YoY); op income $148M (+98%); EPS $1.60 vs $0.74.
- Total backlog $4.1B; operating margin 12.0% (up 460 bps YoY).
- FY2023 EPS guidance raised to $5.60-$6.00 (from $4.60-$5.00); sales outlook $4.8B-$5.0B.
- AWP segment sales $685.9M (+24.4%), margin 12.1% (vs 5.9%); MP margin 15.4%.
- Free cash flow outlook raised to ~$300-$350M; net leverage 1.0x; dividend up 15%.

## SEC filing metadata
- accession: 0000097216-23-000133
- form_type: 8-K
- ticker: TEX
- cik: 0000097216
- company_name: TEREX CORP
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97216/000009721623000133/0000097216-23-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97216/000009721623000133/tex-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097216-23-000133
- JSON: https://secwatch.observer/filing/0000097216-23-000133.json
- Plain text: https://secwatch.observer/filing/0000097216-23-000133.txt

## Key facts
- Earnings Releases
  TEREX CORP reported first quarter 2023 results: revenue $1.2 billion, EPS $1.60 per share. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $1.2 billion
  - EPS: $1.60 per share
  - Guidance: raised
  - Result: reported results
  source text: RELEASE OF TEREX CORPORATION DATED MAY 1, 2023) --- EARNINGS RELEASE OF TEREX CORPORATION DATED MAY 1, 2023 Document Terex Reports First Quarter 2023 Results • Sales of $1.2 billion increased 23% year-over-year, 27% on FX neutral basis • Total backlog remained strong at $4.1 billion • Income from operations of $148 million, up 98% year-over-year • Operating
  evidence_url: https://www.sec.gov/Archives/edgar/data/97216/000009721623000133/0000097216-23-000133-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.