Terex raises FY23 EPS view to about $7.05 from about $7.00, consensus $7.15

Raises FY23 revenue view to about $5.15B from about $5.1B, consensus $5.13B. Julie Beck, Senior Vice President and CFO, said, “We have delivered a strong year to date performance with 23% growth in sales, 90% improvement in earnings per share and a $205 million increase in free cash flow over the prior year. Our continued solid performance, coupled with a strong balance sheet, low leverage, and increasing free cash flow, provide flexibility to support our growth initiatives.”