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NEW YORK - Terex Corporation (NYSE:TEX) reported first quarter earnings that surpassed analyst expectations, while maintaining its full-year guidance on Friday.
The company’s shares were up 5.36% in premarket trading following the earnings release.
The industrial equipment manufacturer posted adjusted earnings per share of $0.83, beating the consensus estimate of $0.52. Revenue came in at $1.2 billion, slightly below expectations of $1.24 billion but down 4.9% year-over-year.
Terex maintained its full-year 2025 outlook, projecting adjusted EPS of $4.70 to $5.10 on revenue of $5.3 billion to $5.5 billion. The midpoint of both ranges is above current analyst consensus estimates.
"Our overall financial results exceeded our initial outlook for the first quarter due to strong execution in our recently acquired Environmental Solutions Group business," said CEO Simon Meester.
The company’s Environmental Solutions segment, which accounted for about one-third of Q1 revenue, saw sales rise 10.5% year-over-year on a pro forma basis. However, this was offset by declines in the Materials Processing and Aerials segments as Terex reset production levels.
Terex noted it is closely monitoring the changing geopolitical environment and potential tariff impacts, but expects to produce approximately 75% of its 2025 U.S. equipment sales domestically, limiting exposure.
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