Terex slumps after cutting forecast

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Terex (TEX) Updates Q3 and FY2024 Guidance

September 19, 2024 9:01 AM EDT

Terex Corporation (NYSE: TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion.

"Our channels globally made adjustments faster than we... More