earnings
confidence high
sentiment negative
materiality 0.75
Terex Q3 sales down 6% YoY to $1.2B; adjusted EPS $1.46; closes ESG acquisition
TEREX CORP
2024-Q3 EPS reported
$4.98
revenue$3,886,000,000
- Q3 net sales $1.2B (-6% YoY); operating income $122M (10.1% margin) vs $163M (12.6%) prior year.
- GAAP EPS $1.31; adjusted EPS $1.46, down from $1.72 YoY.
- Completed acquisition of Environmental Solutions Group (ESG) on Oct 8, funded with 6.25% Senior Notes and term loan.
- Full-year 2024 outlook: adjusted EPS $5.85-$6.25; net sales $5.0-$5.2B; includes ~$200M ESG contribution.
- Materials Processing sales fell 18% to $444M; AWP sales up 2.4% to $769M.