Terex Reports First Quarter 2025 Results

Core Insights - Terex Corporation reported strong financial results for Q1 2025, exceeding initial expectations, primarily due to the performance of its newly acquired Environmental Solutions Group (ESG) [2][5][6] - The company anticipates a competitive position moving forward, with a focus on U.S. production to mitigate geopolitical risks [2][9] Financial Performance - Net sales for Q1 2025 were $1.229 billion, a decrease of 4.9$0.83, down from $1.74 in Q1 2024 [6][29] - Operating profit was$69 million, representing 5.6% of net sales, compared to $158 million or 12.2$399 million, up 10.5% year-over-year, driven by strong demand for refuse collection vehicles [5][29] - Aerials segment net sales were $450 million, down 27.8$382 million, down 26.5% year-over-year, reflecting lower channel requirements and end-market demand [6][29] Bookings and Outlook - Bookings for Q1 2025 were $1.5 billion, a sequential increase of 5.3$4.70 to $5.10 for 2025 [10][11] Capital Allocation and Liquidity - As of March 31, 2025, Terex had liquidity of$1.1 billion, with $36 million deployed in capital expenditures during Q1 [14][29] - The company returned$43 million to shareholders through dividends and share repurchases in Q1 2025 [14][29]