Terex reported Q4 net sales of $1.2 billion, slightly up from the prior year due to the addition of ESG, though sales in legacy segments were down 17%. Full-year EPS reached $6.11 on sales of $5.1 billion. The company is implementing its revised Execute, Innovate and Grow strategy, focusing on reducing fixed costs, improving operational efficiency, and driving organic growth, particularly through the integration of ESG.
Q4 net sales reached $1.2 billion, a slight increase year-over-year, driven by the ESG acquisition.
Full-year earnings per share was $6.11, marking the second-highest in Terex's history.
ESG achieved a 21.9% operating margin on net sales of $228 million post-acquisition.
The company's backlog stands at $2.3 billion, including $520 million for ESG and $1.8 billion for legacy businesses.
Terex anticipates net sales of approximately $5.4 billion with a segment operating margin of about 12% and EBITDA of roughly $660 million. Earnings per share are expected to be between $4.70 and $5.10.
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