Terex Q2 Sales Surge 50.5%, Beats Estimates; Raises Full-Year Outlook
TEX sits 62% above its 52-week low of $41.7 on elevated volume (2.0× avg).
Summary
Terex delivered a strong Q2 with sales jumping 50.5% to $2.2B, beating the $2.14B consensus, and adjusted EPS of $1.37. The company raised its full-year guidance, now expecting sales of $7.9B-$8.2B, adjusted EBITDA of $960M-$1B, and adjusted EPS of $4.70-$5.10. Growth was broad-based across segments, driven by demand for mobile crushers and higher shipments of fire apparatus and utility products. This follows a Q1 that was weighed down by acquisition-related accounting charges, making the Q2 beat and raised outlook a clear signal of underlying operational strength. The stock, which closed at $64.56, trades at 12x forward earnings, leaving room for upside if execution continues.
At the time of this announcement, TEX was trading at $67.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.4B. The 52-week trading range was $41.70 to $74.69. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.