Terex ( (TEX) ) just unveiled an update.
Terex Corporation has revised its 2024 financial outlook, now expecting adjusted earnings per share to be in the range of $5.80 to $6.20 and revenue projections to hit between $4.85 and $5.05 billion. This change reflects quicker than anticipated adjustments by global channels, which have led to lower sales volumes. The company also highlighted the strategic acquisition of Environmental Solutions Group (ESG), which is expected to close in Q4 and contribute approximately $45 million in Adjusted EBITDA. Investors can look forward to a detailed discussion during Terex’s conference call on October 30, 2024, where its Q3 financial results will be reviewed.
See more insights into TEX stock on TipRanks’ Stock Analysis page.
