Terex reported Q4 results reflecting challenging global industrial equipment markets, with AWP revenue down 21%. MP maintained 12% operating margins despite a 10% revenue decrease. The company generated positive free cash flow and ended the year with a strong balance sheet.
Terex's Q4 results reflected challenging global industrial equipment markets.
AWP's fourth quarter revenue was down 21% due to cautious customer sentiment.
MP maintained 12% operating margins despite Q4 revenues being down 10%.
Terex generated positive free cash flow in the fourth quarter and ended 2019 with a strong balance sheet.
Terex anticipates global industrial markets to remain challenging in 2020, with sales expected to be down 8% to 11% from 2019. Full year earnings are projected to be $1.85 to $2.35 per share.
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