Terex Corporation Reports 2024 Financial Performance

Terex Corporation ( (TEX) ) has released its Q4 earnings. Here is a breakdown of the information Terex Corporation presented to its investors.

Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry, with a focus on providing lifecycle support and digital solutions to maximize customer returns.

In its latest earnings report, Terex Corporation announced a full-year sales figure of $5.1 billion for 2024, reflecting a slight decrease compared to the previous year. The company’s adjusted earnings per share were $6.11, marking the second-highest in its history, and it declared a quarterly cash dividend of $0.17 per share. The fourth quarter results were bolstered by the strong performance of the newly acquired Environmental Solutions Group.

The company’s full-year operating margins stood at 10.3%, with adjusted margins at 11.3%. The Environmental Solutions Group contributed significantly in the fourth quarter with adjusted operating margins of 21.9%. However, challenges were noted in the Materials Processing and Aerial Work Platforms segments, with notable declines in sales and operating income.

Looking ahead to 2025, Terex expects net sales to range between $5.3 billion and $5.5 billion, with earnings per share projected between $4.70 and $5.10. Despite industry-wide challenges anticipated in the first half of the year, the company aims to leverage the momentum from its Environmental Solutions Group and Terex Utilities to drive growth.

Overall, Terex Corporation is poised to continue executing its strategic objectives, focusing on integrating its recent acquisition and enhancing operational efficiencies to navigate expected industry dynamics in the upcoming year.