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.

April 27, 2024
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