Terex reports Q4 adjusted EPS 77c, consensus 75c

Reports Q4 revenue $1.2B, consensus $1.23B. “We continued to make progress executing our strategy in 2024, making Terex (TEX) a more resilient, less-cyclical company with exciting growth and value-creation opportunities ahead,” said Terex President and Chief Executive Officer Simon Meester. He added, “Our legacy businesses adapted quickly to industry-wide channel adjustments in the second half of the year, reducing costs and stepping down production levels to align with demand. Environmental Solutions Group made a very strong contribution in the fourth quarter, following the October 8, 2024 closure of the acquisition, fulfilling the commitment of being financially accretive from day one. Our full-year 2024 adjusted earnings per share of $6.11 is the second highest in Terex history reflecting the strength of our portfolio and ability to perform better throughout the cycle than in the past. In 2025, we will continue to execute our strategy, integrate ESG, and make lasting improvements across Terex. We expect the industry-wide channel dynamics that impacted our Aerials and MP businesses in the back half of 2024 to carry into the first half of 2025. We also expect ESG and Terex Utilities to carry strong momentum into 2025 and continue to grow. Overall, we expect 2025 net sales of $5.3 to $5.5 billion, earnings per share between $4.70 and $5.10 and free cash flow of $300 to $350 million.”