Terex (TEX) Tops Q1 EPS by 26c
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Terex Reports First Quarter 2022 Results
April 28, 2022 4:11 PM EDTSales of $1 billion increased 16% year-over-yearRecord backlog of $3.5 billion as customer demand remains strongCost discipline with 11.1% SG&A percent of sales; Decreased spending by $3 million Operating margin improved to 7.4%EPS of $0.74 per share; Up 32% year-over-yearReaffirming full-year 2022 EPS outlook of $3.55 to $4.05
NORWALK, Conn., April 28, 2022 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced first quarter 2022 income from continuing operations of $52.3 million, or $0.74 per share, on net sales of $1.0 billion. In the first quarter of 2021, the reported income from continuing operations was $39.7 million, or $0.56 per share,... More
