Terex Corporation is a global manufacturer of a diverse range of equipment used in industrial applications, particularly in the construction and materials handling sectors
The company designs and produces a variety of machinery such as aerial work platforms, cranes, and material processing equipment. Terex focuses on innovation and sustainability in engineering durable and efficient solutions that enhance productivity for its clients across various industries. With a commitment to quality and customer service, Terex serves markets around the world, meeting the evolving needs of sectors such as construction, mining, and transportation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Terex (NYSETEX) and its peers.
Over the past six months, Terex’s stock price fell to $49.55. Shareholders have lost 7.8% of their capital, which is disappointing considering the S&P 500 has climbed by 10.4%. This may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how construction machinery stocks fared in Q3, starting with Astec (NASDAQASTE).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Manitowoc (NYSEMTW) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction machinery stocks, including Caterpillar (NYSECAT) and its peers.
Stocks of companies focused on reshoring surged after Trump's election. The American Reshoring ETF jumped 8%, outpacing market indices due to expected protectionist policies.
Lifting and material handling equipment company Terex (NYSETEX) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 6.1% year on year to $1.21 billion. The company’s full-year revenue guidance of $5.1 billion at the midpoint also came in 2.4% above analysts’ estimates. Its non-GAAP profit of $1.46 per share was also 15.7% above analysts’ consensus estimates.
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Caterpillar (NYSECAT) and its peers.
