Shares of Terex Corporation (TEX) have dipped 4% as it lowered its 2024 guidance for sales and earnings per share. TEX cited lower sales volumes in both segments as the primary reason for the downgrade. In this scenario, it will continue lowering its cost structure and adjusting production to the weak demand. Despite these challenges, Terex confirmed that the long-term outlook remains intact.  It also added that it expects to close the ESG acquisition in the fourth quarter of 2024. Segment-Specific Challeng ...

NORWALK, Conn., Sept. 19, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced that it is updating its 2024 outlook. Full-year 2024 adjusted earnings per share, excluding the benefit of the recently announced Environmental Solutions Group (ESG) acquisition, is now expected to be between $5.80 and $6.20 on revenue of $4.85 to $5.05 billion."Our channels globally made adjustments faster than we anticipated, resulting in lower than expected sales volume. In AWP, customers reduced planned deliveri ...

Terex Corporation (TEX) has announced that the mandatory 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 related to its pending acquisition of Environmental Solutions Group (“ESG”) is over.  This marks an important step in the acquisition process, which will add a market leader in waste and recycling to Terex's portfolio. It will also enhance its financial profile, including revenues, free cash flow, EBITDA margin and earnings per share.Details of the Terex-Dover DealOn ...

NORWALK, Conn., Sept. 10, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with its previously announced acquisition of Environmental Solutions Group (ESG) from Dover Corporation. On July 22, 2024, Terex and Dover announced a definitive agreement for Terex to acquire ESG. Terex expects the agreement to close later this year, subject to the satisfaction o ...

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NORWALK, Conn., Aug. 28, 2024 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that company leadership will participate in a fireside chat at the Jefferies Industrials Conference. They will speak at 10:25 AM EST on Thursday, September 5, 2024.About TerexTerex is a global manufacturer of materials processing machinery and aerial work platforms.  We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applica ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

文章核心观点 - Terex公司是一家拥有多年投资银行从业经验的资深研究分析师看好的公司 [1][2] - Terex公司主要通过并购的方式进行业务拓展,分为两大业务板块:材料加工(MP)和高空作业平台(AWP) [3] - Terex公司过去几年的盈利能力指标表现良好,ROIC较行业平均水平高出不少 [4][5][6][8] 公司概况 - Terex公司的资产负债表结构较为健康,现金和存货占比较高,商誉和无形资产占比较低 [9][10][12] - 公司净债务水平较低,仅相当于去年EBITDA的一半左右,财务状况良好 [12] - 公司股价目前处于历史较低位置,市净率约2.3倍 [14] 估值分析 - 根据折现现金流分析,公司股价存在一定的上升空间,但考虑到一定的安全边际,目前股价可能已经接近合理估值 [15][16][17] 风险因素 - 公司存在较高的存货水平,可能面临存货积压的风险 [18] - 公司各业务板块和产品线都存在较强的竞争,缺乏明显的竞争优势 [18][19] 总的来说,Terex公司是一家资产负债表结构较为健康、盈利能力较强的工业公司,但面临一定的竞争压力,目前股价可能已经接近合理估值。

Shares of Terex Corporation (TEX) have moved down 19% since it reported second-quarter 2024 results on Jul 30, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting lower end-market demand in Europe.TEX reported second-quarter 2024 adjusted earnings per share of $2.16, which beat the Zacks Consensus Estimate of $2.03. The bottom line fell 8.1% from the prior-year quarter.Operational UpdateRevenues in the reported quarter fell 1 ...

财务业绩 - 公司第二季度销售额为14亿美元，与去年同期持平[2] - 营业利润为1.931亿美元，营业利润率为14.0%，环比提升180个基点[2] - 每股收益为2.08美元，调整后每股收益为2.16美元[2] - 投入资本回报率为25.9%[2] - 全年调整后每股收益预期为7.15美元至7.45美元[11] - 公司预计全年自由现金流将达到3.25亿美元至3.75亿美元[11] - 2024年第二季度净销售额为13.817亿美元，同比下降1.5%[21] - 2024年上半年净销售额为26.742亿美元，同比增长1.3%[21] - 2024年第二季度营业利润为1.931亿美元，营业利润率为14.0%[21,27] - 2024年上半年营业利润为3.514亿美元，营业利润率为13.1%[21,27] - 2024年全年自由现金流预计为3.5亿美元[34] - 2024年6月30日净负债率为0.5倍[35] - 公司EBITDA为6.897亿美元，反映了公司偿还债务、资本支出和盈利能力的能力[39] - 公司使用ROIC指标来评估运营表现，ROIC在2024年6月30日为25.9%[46] - 2024年第二季度公司营业收入为13.817亿美元，毛利率为23.8%[50] - 2024年上半年公司营业收入为26.742亿美元，毛利率为23.4%[50] - 2024年第二季度公司调整后每股收益为2.16美元[50] - 2024年上半年公司调整后每股收益为3.89美元[50] - 2024年第二季度公司调整后营业利润率为14.1%[50] - 2024年上半年公司调整后营业利润率为13.4%[50] - 公司调整后的有效税率在2024年第二季度为19.3%[50] 业务表现 - 材料加工业务销售额下降14%，主要受到某些产品线和地区需求下降以及经销商库存调整的影响[6] - 高空作业平台业务销售额增长6.9%，主要受益于北美市场对高空作业平台和叉车的强劲需求[7] - 2024年第二季度MP业务营业利润为0.770亿美元，营业利润率为15.4%[28] - 2024年上半年MP业务营业利润为1.491亿美元，营业利润率为14.6%[28] - 2024年第二季度AWP业务营业利润为1.338亿美元，营业利润率为15.2%[29] - 2024年上半年AWP业务营业利润为2.411亿美元，营业利润率为14.6%[29] 其他 - 公司第二季度部分一次性费用影响了业绩，剔除这些影响后的调整后每股收益为2.16美元[5] - 公司宣布将收购环境解决方案集团(ESG)，预计将在2024年下半年完成交易[4] - 公司调整了年度有效税率以反映管理层对全年有效税率的预期，并摊销了与瑞士业务相关的一次性税收优惠[41]