Terex full-year sales $5.2B (+17%), EPS $7.56; guides FY24 EPS $6.85-$7.25

TEREX CORP

2023-FY EPS reported $7.58 revenue$5,151,500,000

Full-year sales $5.2B up 17% YoY; GAAP EPS $7.56; adjusted EPS $7.06 up 63%.
Q4 EPS $1.88 incl $0.47 one-time benefit; adjusted EPS $1.41 up 5% YoY.
FY23 operating margin 12.4% (adj 12.7%), up 320 bps; ROIC 28.5%.
FY24 outlook: sales $5.1-$5.3B, EPS $6.85-$7.25, operating margin 12.8%-13.1%.
Returned $104M to shareholders in FY23; declared Q1 dividend $0.17/share payable Mar 19.

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 0.9

TEREX CORP updated its fourth quarter and full-year 2023 guidance (initiated).

Period: fourth quarter and full-year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

Terex Corporation (“Terex”) issued a press release on February 8, 2024, in which Terex provided certain fourth quarter and year-end 2023 financial results, as well as its 2024 outlook. A copy of this press release is included as Exhibit 99.1 to this Form 8-K.

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TEREX CORP filing history →

Source: SEC EDGAR

accession 0000097216-24-000010

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