Strong Financial Performance
Terex delivered earnings per share of $1.49 on sales of $1.5 billion with an operating margin of 11%. Free cash flow increased significantly to $78 million, representing a cash conversion of 108%.
Environmental Solutions Success
Environmental Solutions segment achieved strong performance, delivering $430 million in sales with a 19.1% operating margin, representing a 230 basis point improvement compared to last year.
Data-driven Synergies
The integration of ESG's 3rd Eye digital platform into other segments like Advance Mixer and Terex Utilities is ahead of schedule, creating new digital revenue streams and improving operational efficiency.
Strong Liquidity Position
Terex ended the second quarter with $1.2 billion of liquidity and announced a new $150 million share buyback program.