Terex reported Q4 sales of $1.2 billion, consistent with the prior year, and a gross margin of 21.5%, up 220 basis points. Earnings per share were $1.88, including a net favorable impact of $0.47 from non-recurring items. Excluding these items, EPS was $1.41. The company's backlog remains strong at $3.4 billion.
Sales of $1.2 billion were consistent with prior year, reflecting healthy demand.
Gross margins increased 220 basis points to 21.5% due to pricing and improved efficiencies.
Earnings per share of $1.88 included a $0.47 net favorable impact from non-recurring items.
Q4 backlog of $3.4 billion is significantly above historical levels.
Terex anticipates earnings per share of $6.85 to $7.25 based on sales of $5.1 to $5.3 billion.
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