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Terex (TEX)
NYSE:TEX
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.75Last Year’s EPS
1.41Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -12.74%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted the successful acquisition of ESG and a strong backlog, maintaining a solid financial position, and operational improvements at the Monterrey facility. However, challenges include a decline in net sales, macroeconomic uncertainties, and impacted margins. These factors create a balanced outlook.Company Guidance
During the Terex Q3 2024 earnings call, the company provided detailed guidance on various financial metrics. Terex anticipates full-year earnings per share to range between $5.85 and $6.25, with EBITDA expected to be between $635 million and $670 million, driven by projected revenues of $5 billion to $5.2 billion. The recent acquisition of ESG is expected to contribute approximately $40 million in EBITDA in the fourth quarter alone. Despite macroeconomic uncertainties, such as interest rate fluctuations and geopolitical tensions, the company remains optimistic about its long-term growth prospects. Terex's backlog stands at $1.6 billion, with AWP and MP segments continuing to adapt production plans to meet demand. The company aims to deliver at least $25 million in operational run rate synergies from the ESG acquisition by 2026. Additionally, Terex is maintaining a strong balance sheet with a net leverage of approximately 2.5x expected by the end of 2024, and it plans to invest around $125 million in capital expenditures for 2024 while continuing its share repurchase program.ESG Acquisition
Terex completed the ESG acquisition, expected to add approximately $40 million in EBITDA in Q4 2024 and achieve $25 million in operational run rate synergies by the end of 2026.
Strong Backlog
AWP segment backlog remains high at $1.2 billion, and ESG backlog is strong with over 100% book-to-bill for the last 4-5 quarters, indicating healthy demand.
Strong Financial Position
Terex maintained a strong balance sheet post-acquisition, with a return on invested capital of 23.7% and expected net leverage of approximately 2.5x at the end of 2024.
Operational Improvements
Monterrey facility is performing well, contributing to cost savings, and Terex is leveraging technology advancements for efficiency improvements.
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TEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $54.10 | $51.37 | -5.05% |
| Jul 30, 2024 | $65.30 | $62.87 | -3.72% |
| Apr 25, 2024 | $59.36 | $59.05 | -0.52% |
| Feb 08, 2024 | $63.58 | $58.14 | -8.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Terex (TEX) report earnings?
Terex (TEX) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Terex (TEX) earnings time?
Terex (TEX) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TEX EPS forecast?
TEX EPS forecast for the fiscal quarter 2024 (Q4) is 0.75.
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