Terex (TEX) Misses Q1 EPS by 30c, Revenues Miss

Terex (NYSE: TEX) reported Q1 EPS of ($0.35), $0.30 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $833.6 million versus the consensus estimate of $860.44 million.

John L. Garrison, Jr., Terex Chairman and CEO, commented, “First and foremost, we have taken measures to prioritize the health and safety of our team members, families and customers during the COVID-19 pandemic.”

Mr. Garrison continued, “While the first two months of the year met our expectations, during March, global economic activity, including customer capital equipment purchases, sharply contracted. In response to this unprecedented situation, we swiftly implemented safety, financial, and production actions.”

For earnings history and earnings-related data on Terex (TEX) click here.

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