Terex reports Q4 adjusted EPS $1.41, consensus $1.39

Reports Q4 revenue $1.2B, consensus $1.23B. “After five years in the organization, I am honored, humbled and excited to be Terex’s next CEO. Terex is in a very good place, and I look forward to a bright future,” said CEO Simon Meester. “We are pleased by our strong 2023 performance, and believe Terex is well-positioned to continue to deliver value to its customers and shareholders, with strong demand for its products and favorable megatrends for the long term. Our annual results demonstrate significant improvement over the prior year and highlight our ability to successfully manage cost inflation and supply chain challenges. I would like to thank our team members for their hard work and resilience to consistently deliver value for our customers and shareholders. As we begin the new year, we again expect to deliver strong results across our diverse product portfolio, driven by our differentiated offerings, continued focus on efficiency and favorable end markets. We do anticipate some headwinds from European markets as well as lingering, yet slowly improving supply chain disruptions. As such, Terex plans to deliver sales between $5.1B-$5.3B and EPS between $6.85 and $7.25 and with that, continue to stay ahead of our December 2022 Investor Day targets.”