Terex reports Q2 adjusted EPS $1.49, consensus $1.40

Reports Q2 revenue $1.5B, consensus $1.44B. “Our overall financial performance demonstrates the power of the evolving Terex (TEX) portfolio. Our Environmental Solutions segment exceeded our outlook for the second quarter with strong sales and margin performance in Environmental Solutions Group and Terex Utilities, more than offsetting industry-wide headwinds in Aerials where independent rental customers deployed less capex than anticipated. Materials Processing achieved sequential growth and margin improvement in line with our expectations,” said Simon Meester, Terex President and Chief Executive Officer. “The addition of ESG and on-going implementation of our strategy will continue to make Terex a more resilient and predictable performer, well positioned to navigate through this dynamic environment.”