Strong Overall Performance
Earnings per share of $1.49 on sales of $1.5 billion with an operating margin of 11%. Free cash flow reached $78 million, representing a cash conversion of 108%.
Environmental Solutions Segment Success
Environmental Solutions sales reached $430 million, with a 12.9% year-over-year growth on a pro forma basis and 19.1% operating margin, a 230 basis point improvement compared to last year.
Positive Bookings Trend
Overall bookings grew 19% year-over-year on a pro forma basis, with Aerials booking growing 20% year-over-year and MP bookings increasing 24%.
Capital Allocation and Shareholder Return
Terex repurchased $21 million of stock in Q2, increasing the first half total to $53 million, and authorized a new $150 million share buyback program.