Terex Reports Q3 Earnings Beat with Significant Revenue and Bookings Growth
Terex Corporation (TEX) reported third-quarter financial results that exceeded analyst expectations, posting a Non-GAAP EPS of $1.50, which beat estimates by $0.08. The company's revenue reached $2.2 billion, representing a 59.4% increase year-over-year and surpassing consensus estimates by $40 million. Strong demand is reflected in the company's bookings, which rose 52.7% year-over-year to $2.3 billion on a pro forma basis. Following these robust results, Terex has signaled an updated outlook for the fiscal year, projecting net sales between $8.0 billion and $8.2 billion and adjusted diluted EPS in the range of $4.80 to $5.00.
Tickers: $TEX
Topics: bookings increase earnings beat financial guidance revenue growth