Terex cuts 2024 adj. EPS guidance to $5.80-$6.20, lowers revenue outlook to $4.85-$5.05B

TEREX CORP

Full-year 2024 adjusted EPS (ex-ESG) expected $5.80-$6.20, revenue $4.85-$5.05B, citing lower-than-expected sales volume.
AWP segment saw reduced customer deliveries due to rental demand; MP dealers adjusted inventory amid macro uncertainty.
ESG acquisition on track to close early Q4; expected to generate ~$45M Adjusted EBITDA in Q4, immediately accretive.
Q3 2024 earnings call scheduled for Oct 30, 2024 at 8:30 a.m. ET; results released prior.

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