secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000097216-23-000174
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000174/0000097216-23-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000174/tex-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000097216-23-000174

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