secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000097216-24-000131
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex Q2 EPS $2.08 adj $2.16; guides FY EPS $7.15-$7.45; announces ESG acquisition
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- Net sales $1.4B flat YoY; income from operations $193M (14.0% margin); GAAP EPS $2.08, adjusted EPS $2.16.
- FY adjusted net sales outlook lowered to $5.1-$5.3B (prev. $5.2-$5.4B); adjusted EPS raised to $7.15-$7.45 (prev. $6.95-$7.35).
- Materials Processing sales -14% YoY to $498.6M (15.4% margin); Aerial Work Platforms +6.9% to $881.8M (15.2% margin).
- Agreement to acquire Environmental Solutions Group (ESG); expected close H2 2024; described as accretive and non-cyclical.
- Liquidity $879M; net leverage 0.5x; returned $50M via buybacks/dividends; FY free cash flow guidance $325-$375M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000131/0000097216-24-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000131/tex-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000097216-24-000131

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