Terex (TEX) Tops Q2 EPS by 21c; Raises Guidance
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Terex Reports Second Quarter 2022 Results
August 2, 2022 4:11 PM EDTSales of $1.1 billion increased 4% year-over-year, 9% on FX neutral basis, driven by strong growth in Materials ProcessingBacklog growth of 51% year-over-year to $3.5 billionOperating margin of 9.6% improved sequentially by 220 bpsEPS of $1.07 on improving price / cost dynamicsRaising full-year 2022 EPS outlook to $3.80 to $4.20Repurchased $61 million of shares in second quarter
NORWALK, Conn., Aug. 2, 2022 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced its results for the second quarter 2022.
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