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Terex reported strong Q4 2022 results with sales up 23% year-over-year and operating margins improving by 290 basis points. The company's EPS increased by 63%, reflecting strong execution. Terex ended the year with a backlog of $4.1 billion, up 22% from the prior year.
Sales increased by 23% year-over-year to $1.2 billion.
Operating margins improved by 290 basis points to 9.9%.
Earnings per share increased by 63% to $1.34.
Backlog increased by 22% to $4.1 billion.
Terex anticipates EPS of $4.60 to $5.00 based on sales of $4.6 to $4.8 billion for 2023.
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