Terex (TEX) Tops Q4 EPS by 12c, FY17 Guidance Misses
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Terex Announces Fourth Quarter and Full Year 2016 Results and Provides 2017 Guidance
February 21, 2017 4:15 PM ESTWESTPORT, Conn.--(BUSINESS WIRE)-- Terex Corporation (NYSE: TEX) today announced a fourth quarter 2016 loss from continuing operations of $313.9 million, or ($2.96) per share, on net sales of $1.0 billion. In the fourth quarter of 2015, the reported income from continuing operations was $23.8 million, or $0.22 per share, on net sales of $1.2 billion. Excluding after-tax charges of $321.3 million, income from continuing operations, as adjusted, for the fourth quarter of 2016 was $7.4 million, or $0.07 per share. This compares to income from continuing operations, as adjusted, of $32.0 million or $0.29 per share in the fourth quarter of 2015. The Glossary at the... More
