Terex reported a solid financial performance for Q2 2022, with sales of $1.1 billion, up 4% year-over-year. The company raised its full-year earnings per share outlook to $3.80 to $4.20 due to strong execution and a robust backlog.
Consolidated Q2 bookings of $1 billion, the second highest in recent history.
MP segment sales increased by 9% year-over-year, with operating profit margin at 16.5%.
AWP segment sales were slightly higher compared to the prior year, with operating margins of 7.7%.
The company raised its 2022 EPS outlook to $3.80 to $4.20 on sales of $4.1 to $4.3 billion.
Terex raised its 2022 outlook, expecting EPS of $3.80 to $4.20 on sales of $4.1 to $4.3 billion.
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