secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000097216-24-000151
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex Q3 sales down 6% YoY to $1.2B; adjusted EPS $1.46; closes ESG acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000151/0000097216-24-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000151/tex-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000097216-24-000151

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