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Terex ( (TEX) ) has provided an update.
Terex Corporation reported a challenging Q3 2024 with net sales of $1.2 billion, a decline from last year, primarily due to weaker demand in Materials Processing. However, the company showed resilience with a 23.7% return on invested capital and a strategic acquisition of Environmental Solutions Group, aimed at boosting growth in the waste and recycling market. Looking ahead, Terex expects full-year adjusted EPS to range between $5.85 and $6.25, signaling confidence in their ability to navigate market dynamics.
For a thorough assessment of TEX stock, go to TipRanks’ Stock Analysis page.