Terex reported a strong second quarter with revenues up 50% year-over-year to $1 billion. Operating margins improved dramatically to 11.8%, and the company generated $101 million in positive free cash flow. The company is increasing its earnings and free cash flow outlook for the full-year 2021.
Customer demand remained strong during the quarter.
Operating margins improved dramatically to 11.8% for the Company.
Positive free cash flow was $101 million in the quarter.
Earnings per share significantly improved compared to last year.
The company expects continued end-market strength in both segments over the remainder of the year and increasing levels of AWP customer fleet replenishment. Full-year revenue outlook is limited though as a result of the availability of components from our supply chain.
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