Terex Corporation, with the ticker symbol TEX, recently reported first-quarter earnings that exceeded market predictions. The firm's net earnings amounted to $108.5 million or $1.60 per share, which is almost proportional to last year's first quarter at $109.9 million or $1.60 per share.
Analysts’ average estimates previously expected the company to earn $1.37 per share, a figure compiled by Thomson Reuters. These estimates typically do not factor in unique items.
For this period, the company's revenue surged by 4.0% to $1.29 billion, compared to $1.24 billion in the same period the previous year.
Here's a brief summary of Terex Corporation's first-quarter earnings, according to GAAP:
- Earnings (Q1): $108.5 million compared to $109.9 million last year.
- EPS (Q1): $1.60 proportional to last year.
- Revenue (Q1): Increased to $1.29 billion from $1.24 billion last year.
As for the guidance, the expectation for the full year's Earnings Per Share (EPS) is between $6.95 and $7.35, with the total revenue anticipated to fall between $5,200 and $5,400 million.
