secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0000097216-24-000143
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000143/0000097216-24-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000143/tex-20240919.htm
  HTML page:      https://secwatch.observer/filing/0000097216-24-000143

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