Terex reported a strong first quarter with sales up 23% year-over-year to $1.2 billion. Operating margins expanded by 460 basis points to 12.0%, and earnings per share more than doubled to $1.60. The company is raising its full-year EPS outlook to a range of $5.60 to $6.00.
Sales increased by 23% year-over-year, reaching $1.2 billion.
Operating margins expanded by 460 basis points to 12.0%.
Earnings per share more than doubled year-over-year to $1.60.
Full year EPS outlook raised to a range of $5.60 to $6.00.
Terex is raising its 2023 outlook, now expecting EPS of $5.60 to $6.00 and sales of $4.8 to $5.0 billion. They anticipate improved free cash flow, raising the outlook to $300 to $350 million.
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