Terex Q2 sales +30% to $1.4B, EPS $2.35; raises FY23 EPS outlook to ~$7.00

TEREX CORP

2023-Q2 EPS reported $3.97 revenue$2,638,800,000

Q2 sales $1.4B (+30% YoY); operating income $210M (+102%); operating margin 15.0% (up 540 bps).
EPS $2.35 more than doubled from $1.07; segment: AWP sales $824.9M (+38%), margin 16.2%; MP sales $577.4M (+20%), margin 17.0%.
FY23 EPS outlook raised to ~$7.00 from $5.60-6.00; sales outlook ~$5.1B (up from $4.8-5.0B); operating margin ~13.0% (up from 11.4-11.8%).
Dividend increased 31% since start of 2023; YTD returned $54.1M via buybacks and dividends.
Liquidity $763.2M, net leverage 0.7x; capex ~$105M, FCF ~$375M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TEREX CORP reported second quarter 2023 results: revenue $1.4 billion, EPS $2.35. Guidance raised.

Period: second quarter 2023
Revenue: $1.4 billion
EPS: $2.35
Guidance: raised
Result: reported results

Exact text from the filing

RELEASE OF TEREX CORPORATION DATED AUGUST 1, 2023) --- EARNINGS RELEASE OF TEREX CORPORATION DATED AUGUST 1, 2023 Document Terex Reports Second Quarter 2023 Results • Sales of $1.4 billion increased 30% year-over-year • Income from operations of $210 million, up 102% year-over-year • Operating profit margin of 15.0% improved 540bps year-over-year • EPS of $2.35

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Source: SEC EDGAR

accession 0000097216-23-000174

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