Terex Corp

TEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$22.00	Ldhlgs	Xpfllkyck

Terex Earnings: Management Raises Guidance as Aerial Sales and Margins Rise in the First Quarter

Dawit Woldemariam

Apr 26, 2024

Terex’s sales increased 4% year on year to nearly $1.3 billion, thanks to solid demand in the aerial segment. Management raised 2024 sales and margin guidance for the segment. We're now more optimistic on Terex's long-term prospects. This led us to increase our fair value estimate by 7% to $59 per share, up from $55 previously.

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