Core Insights - Terex Corporation reported its fourth quarter and full-year 2024 results, highlighting a strategic focus on resilience and growth opportunities despite industry challenges [1][2] - The company achieved adjusted earnings per share of 6.11forthefullyear,markingthesecondhighestinitshistory,drivenbystrongportfolioperformance[2][4]−For2025,Terexanticipatesnetsalesbetween5.3 billion and 5.5billion,withearningspershareprojectedbetween4.70 and 5.10[2][10]FourthQuarterOperationalandFinancialHighlights−Fourthquarternetsalesreached1.2 billion, a 2% increase from the same period in 2023, primarily due to the acquisition of Environmental Solutions Group (ESG) [8] - Income from operations for Q4 2024 was 53million,or4.3116 million, or 9.5% of net sales, in Q4 2023 [8][22] - Adjusted income from operations for Q4 2024 was 97million,or7.8133 million, or 10.9% of net sales in the prior year [8][22] Full-Year 2024 Operational and Financial Highlights - Total net sales for 2024 were 5.1billion,slightlydownfrom5.2 billion in 2023, attributed to industry-wide channel adjustments [8][22] - Full-year income from operations was 526million,or10.3637 million, or 12.4% in the previous year [8][22] - The effective tax rate for 2024 was 17.8%, up from 10.9% in 2023, which included a benefit from operations in Switzerland [8][22] Business Segment Review - Materials Processing segment reported net sales of 439millioninQ42024,down20.947 million [8][27] - Aerial Work Platforms segment had net sales of 573millioninQ42024,down13.218 million [8][27] - The Environmental Solutions Group contributed 228millioninnetsalesforQ42024,withanoperatingmarginof5.35.3 billion and 5.5billion,withanoperatingmarginofapproximately12300 to $350 million for 2025 [10][11] - Segment sales outlook includes low double-digit declines for Aerials and high single-digit declines for Materials Processing, while ESG is expected to grow in the mid single digits [10][11]
Terex (TEX) Prnewswire·2025-02-06 12:05