Terex reported strong Q1 2022 results with sales of $1 billion, driven by strong global customer demand. Operating margin improved to 7.4%, and earnings per share increased to $0.74, up 32% year-over-year. The company's backlog reached a record $3.5 billion, reflecting robust demand in both MP and AWP segments.
Sales reached $1 billion, a 16% increase year-over-year.
Operating margin improved to 7.4%, up 30 basis points compared to the prior year.
Earnings per share increased by 32% to $0.74.
Record backlog of $3.5 billion, up 73% compared to prior year.
Terex reaffirms its full-year company and segment 2022 outlook, despite increased challenges in the supply chain, inflation pressures, geopolitical uncertainty, and restrictive China COVID policies.
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