Terex Cuts 2024 Sales & Earnings Outlook on Weak Demand, Shares Dip
TEXTerex (TEX) ZACKS·2024-09-21 02:46

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 ...