NORWALK, Conn., July 30, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX), a global manufacturer of materials processing machinery and aerial work platforms, today announced its results for the second quarter 2024. "The Terex team continues to perform at a high level and demonstrated strong execution in the second quarter," said Simon Meester, Terex President and Chief Executive Officer. "The recently announced agreement to purchase Environmental Solutions Group ("ESG") strengthens our portfolio and lever ...

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. For Terex, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.66%. Over the last four quarters, the company has beaten consens ...

Shares of industrial manufacturer Terex Corp. (TEX) jumped Monday after the industrial manufacturer said it has agreed to acquire Dover Corp.'s (DOV) Environmental Solutions Group for $2 billion in cash. Terex will create a new Environmental Solutions segment that includes ESG and its existing Utilities business. Key Takeaways Terex said that the deal adds to its existing businesses by growing its exposure to the growing waste and recycling industry, along with increasing its exposure to the North American ...

Enhances presence in attractive waste & recycling segment; expands North American addressable market "This acquisition announcement of ESG marks an incredibly exciting milestone in our multi-year transformation and aligns with our goal of strengthening our portfolio and leveraging our operating system to drive sustainable, accelerated long-term growth," said Terex President and CEO, Simon Meester. "ESG will add a non-cyclical, financially accretive, and market-leading business to Terex's portfolio with tang ...

Participants are encouraged to access the webcast 15 minutes prior to the starting time. The webcast will be available for replay at https://investors.terex.com. Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions enable customers to reduce their impact on the environment inc ...

Terex has been witnessing strong demand for its products across multiple businesses and all major geographies, which is expected to reflect on its upcoming second-quarter 2024 results. Its backlog was $3.1 billion at the end of the first quarter, which was significantly above historical levels. Also, Terex's ongoing efforts to improve efficiency and reduce costs will aid second-quarter earnings. For Terex, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the cu ...

Risk TEX Growth Grade The Thesis Business Overview Last Quarter Performance AWP 1402.3 Ma Backlog trend (Company presentation) TEX's financials (Company presentation) Valuation TEX growth grade (Seeking Alpha) The company's topline growth has moderated significantly in the last few quarters due to persistent weakness in the Europe region, which also impacted the company's margin growth. However, strength across most of the end markets in North America supported the company's overall profitability leading to ...

Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recove ...

NORWALK, Conn., May 23, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on June 20, 2024 to all stockholders of record as of the close of business on June 6, 2024. About Terex Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management ...

Upbeat FY24 Outlook: Terex expects earnings per share in the range of $6.95-$7.35 in 2024. The company reported adjusted earnings per share of $7.06 in 2023. Terex expects sales to be between $5.2 billion and $5.4 billion. The company reported sales of $5.15 billion in 2023. Backed by upbeat first-quarter results and its outlook for 2024, Terex's shares have gained 1.1% in the past month against the industry's 0.7% decline. Solid Backlog Levels to Support Revenues: The company has been delivering year-over- ...