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In Q1 2024, Terex reported higher-than-expected earnings with 4.9% revenue growth and 18% EPS growth, but profit margin declined from 8.9% to 8.
Industrial products firm Terex reported higher-than-expected earnings in Q1 2024, with 4.9% revenue growth and 18% EPS growth, but profit margin declined from 8.9% to 8.4%.
Shares decreased by 1.1%.
The company forecasts a 1.4% annual revenue growth over the next three years, slightly lower than the 3.5% growth forecast for the US machinery industry.
Terex has warned potential investors about two identified issues.
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En el primer trimestre de 2024, Terex informó ganancias superiores a las esperadas con un crecimiento de ingresos del 4,9% y un crecimiento de EPS del 18%, pero el margen de beneficio disminuyó del 8,9% al 8.