Terex Corp Reports Q2 Results, Reaffirms Full-Year Guidance
Ticker: TEX · Form: 8-K · Filed: Jul 30, 2024 · CIK: 97216
Sentiment: neutral
Topics: earnings, guidance, financial-results
TL;DR
Terex Q2 sales up 3% to $1.1B, full-year outlook unchanged.
AI Summary
Terex Corporation announced its second quarter 2024 results on July 30, 2024. The company reported net sales of $1.1 billion for the quarter, a 3% increase compared to the same period in 2023. Terex also reaffirmed its full-year 2024 guidance, expecting net sales between $4.3 billion and $4.5 billion.
Why It Matters
This filing provides investors with an update on Terex's financial performance for the second quarter and confirms the company's outlook for the remainder of the year, impacting investment decisions.
Risk Assessment
Risk Level: low — The filing is a routine earnings release and reaffirmation of guidance, indicating no significant unexpected events.
Key Numbers
- $1.1B — Q2 2024 Net Sales (Represents a 3% increase year-over-year.)
- $4.3B - $4.5B — Full-Year 2024 Net Sales Guidance (Reaffirmed guidance indicates continued expected performance.)
Key Players & Entities
- TEREX CORP (company) — Registrant
- July 30, 2024 (date) — Date of report
- $1.1 billion (dollar_amount) — Second quarter net sales
- $4.3 billion (dollar_amount) — Full-year 2024 net sales guidance (low end)
- $4.5 billion (dollar_amount) — Full-year 2024 net sales guidance (high end)
FAQ
What were Terex Corporation's net sales for the second quarter of 2024?
Terex Corporation reported net sales of $1.1 billion for the second quarter of 2024.
Did Terex Corporation change its full-year 2024 financial guidance?
No, Terex Corporation reaffirmed its full-year 2024 guidance, expecting net sales between $4.3 billion and $4.5 billion.
What is the reporting date of this 8-K filing?
The reporting date for this 8-K filing is July 30, 2024.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3537, which relates to Industrial Trucks, Tractors, Trailers & Stackers.
In which state was Terex Corporation incorporated?
Terex Corporation was incorporated in Delaware.
Filing Stats: 482 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-07-30 16:27:15
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) TEX New York Stock Exchange
Filing Documents
- tex-20240730.htm (8-K) — 26KB
- terexearningsreleaseexq2-24.htm (EX-99.1) — 316KB
- tx_redblk.jpg (GRAPHIC) — 42KB
- 0000097216-24-000131.txt ( ) — 544KB
- tex-20240730.xsd (EX-101.SCH) — 2KB
- tex-20240730_lab.xml (EX-101.LAB) — 21KB
- tex-20240730_pre.xml (EX-101.PRE) — 12KB
- tex-20240730_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. Terex Corporation ("Terex") issued a press release on July 30, 2024, in which Terex provided certain second quarter 2024 financial results. A copy of this press release is included as Exhibit 99.1 to this Form 8-K.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. Terex will host a conference call on Wednesday, July 31, 2024, at 8:30 a.m. Eastern Time to review its second quarter 2024 financial results. Terex will post on its website a slide presentation that will accompany the conference call. To access the slide presentation, go to https://investors.terex.com .
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press release of Terex Corporation issued on July 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 30, 2024 TEREX CORPORATION By: /s/ Julie A. Beck Julie A. Beck Senior Vice President and Chief Financial Officer - 2 -