Terex (TEX) Tops Q1 EPS by 6c, Updates Guidance

Terex (NYSE: TEX) reported Q1 EPS of $0.05, $0.06 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $927.33 million.

Mr. Garrison continued, “In the first quarter we earned a dividend on our Konecranes shares of $13.5 million, contributing $0.09 to our earnings per share. We also repurchased approximately 6.5 million shares of Terex stock through our previously announced programs. Including the full year impact of the Konecranes dividends and our share repurchases, we are increasing our full year adjusted EPS guidance to $0.80 to $0.95.”

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

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