Terex Corporation (NYSE: TEX) has reported its second-quarter earnings, which showed a decline compared to the previous year but still managed to surpass Wall Street projections.
For the second quarter, Terex Corporation posted earnings of $140.7 million, or $2.08 per share. This marks a decrease from the $159.4 million, or $2.34 per share, recorded in the same period last year.
On an adjusted basis, excluding special items, the company reported earnings of $145.3 million or $2.16 per share.
Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $2.06 per share, generally excluding special items.
The revenue for the quarter saw a 1.6% decline, falling to $1.381 billion from $1.403 billion in the prior year.
Key figures (GAAP):
- Earnings (Q2): $140.7 million vs. $159.4 million last year.
- EPS (Q2): $2.08 vs. $2.34 last year.
- Revenue (Q2): $1.381 billion vs. $1.403 billion last year.
Guidance:
- Full-year EPS guidance: $7.15 - $7.45
- Full-year revenue guidance: $5.1 billion - $5.3 billion
