Terex Announces Second Quarter 2019 Results
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Terex (TEX) Misses Q2 EPS by 14c, Revenues Miss; Updates FY19 EPS Guidance Below Consensus, Reaffirms FY19 Cash Flow Views
July 29, 2019 4:14 PM EDTTerex (NYSE: TEX) reported Q2 EPS of $1.21, $0.14 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.32 billion.
Q2 Earnings per Share $1.14, $1.21 as adjustedIncreased Sales 4%, up 8% excluding the impact of FXQ2 Cash from Operating Activities of $217 million, Free Cash Flow of $168 millionReaffirming FY Free Cash Flow guidance of ~$165 million, updating earnings guidanceTerex continues to grow, with FX-neutral revenues up 8% in the second quarter stated John L. Garrison, Terex Chairman and CEO. Global demand for our leading... More
