secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000097216-23-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000133/0000097216-23-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000133/tex-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000097216-23-000133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer