Terex reported a solid second quarter with revenue of $1.4 billion and adjusted EPS of $2.16. The company is on track to deliver full-year adjusted EPS in the range of $7.15 to $7.45. AWP segment experienced growth, while MP segment was impacted by softness in the European market.
Generated revenue of $1.4 billion.
Delivered adjusted EPS of $2.16.
AWP net sales were up nearly 7% year over year and 14% sequentially.
Reaffirming 2024 free cash flow outlook range of $325 to $375 million.
Terex has updated its full-year sales forecast range to $5.1 to $5.3 billion and increased its full-year operating margin to a range of 12.9% to 13.2%. The outlook anticipates an EPS range of $7.15 to $7.45 on an adjusted basis, with MP sales expected to be $1.95 billion to $2.05 billion and AWP sales to be $3.15 billion to $3.25 billion.
Visualization of income flow from segment revenue to net income
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