Terex Corporation: Current Valuation Does Not Justify This Amazing Company
TEXTerex (TEX) Seeking Alpha·2024-07-09 14:47
BalkansCat/iStock Editorial via Getty Images The Thesis Following a strong 2023, driven by an improved supply chain and strong customer demand across most of the company's business in the first half of 2023, Terex Corporation's (NYSE:TEX) growth moderated as it entered 2024. This was primarily a result of the soft demand environment for the company's products and solutions in the Europe region. Demand in North America on the other hand remains healthy, which along with strong backlog levels and improved ...