Terex (TEX) Tops Q4 EPS by 21c, Offers Guidance

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Terex Reports Fourth Quarter and Full-Year 2022 Results

February 9, 2023 4:11 PM EST

Q4 sales of $1.2 billion increased 23% year-over-year, 31% on FX neutral basisQ4 income from operations of $121 million, up 73% year-over-yearQ4 operating profit margin of 9.9% improved 290 bps year-over-yearQ4 EPS of $1.34, up 63% year-over-yearFull-year sales of $4.4 billion increased 14% year-over-year, 20% on FX neutral basisFull-year income from operations of $420 million up 28% year-over-yearFull-year EPS of $4.32 up 41% year-over-yearBacklog grew 22% year-over-year to $4.1 billion2023 Outlook: Sales of $4.6 to $4.8 billion and EPS of $4.60 to $5.00

NORWALK, Conn., Feb. 9, 2023 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today... More