Terex (TEX) Tops Q1 EPS by 56c, Raises Guidance

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Terex Reports First Quarter 2023 Results

May 1, 2023 4:11 PM EDT

Sales of $1.2 billion increased 23% year-over-year, 27% on FX neutral basisTotal backlog remained strong at $4.1 billionIncome from operations of $148 million, up 98% year-over-yearOperating profit margin of 12.0% improved 460bps year-over-yearEPS of $1.60 more than doubled year-over-yearRaising full-year 2023 EPS outlook to a range of $5.60 to $6.00

NORWALK, Conn., May 1, 2023 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today... More