Terex reported strong Q2 2023 results with sales of $1.4 billion, a 30% increase year-over-year. Operating margins expanded to 15%, and EPS more than doubled to $2.35. Due to this strong performance, the company is raising its full-year EPS outlook to approximately $7.00.
Sales of $1.4 billion, up 30% from last year.
Operating margins of 15%, an expansion of 540 basis points from the prior year.
Earnings per share (“EPS”) of $2.35, more than doubled on a year-over-year basis.
Raising the full year outlook to approximately $7.00 per share.
Terex is raising its 2023 outlook to approximately $7.00 per share, with sales expected to be approximately $5.1 billion and an operating margin of approximately 13%. Free cash flow outlook is raised to approximately $375 million.
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