NYSE$TEX
Terex Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Terex Corporation experienced a decline in revenue and operating income due to the COVID-19 pandemic, but took swift actions to reduce costs and maintain liquidity.
Terex Corporation's Q1 2020 results were significantly impacted by the COVID-19 pandemic, with revenue down 27% year-over-year. The company responded by implementing cost reduction programs, temporarily suspending manufacturing operations, and focusing on maintaining financial flexibility. Despite the challenges, free cash flow improved year-over-year.
- Revenue decreased by 27% year-over-year to $834 million due to customer cancellations and delivery delays in March.
- An operating loss of $7 million was recorded, compared to an adjusted operating income of $106 million in Q1 2019, due to lower revenues and COVID-19 related charges.
- Free cash flow use improved by approximately $145 million year-over-year, driven by lower net working capital and the sale of the mobile cranes business.
- The company implemented a comprehensive cost reduction program, expecting savings in excess of $100 million, and focused on maintaining ample liquidity, with $945 million available as of March 31.
Headline financials
Revenue & EPS history
Terex · Revenue · Quarterly
$834M
Revenue by segment
Terex · $316M total across 1 segment · Q1 2020
- Materials Processing$316M-23.0%100.0%
Forward guidance
Terex is not providing financial guidance due to the uncertainty surrounding the COVID-19 pandemic.
Tailwinds
- Focusing on free cash flow execution as the principal financial objective.
- Continuing to fund investments important for future growth.
- Actively managing production operations and material flow.
- Maintaining close relationships with suppliers.
- Experienced management team to navigate the crisis.
Headwinds
- Significant customer cancellations and delivery delays.
- Challenging global markets and cautious customer sentiment.
- Partial operations adversely impact decremental margins.
- Uncertainty surrounding the COVID-19 pandemic.
- Reduction in machine utilization by customers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.3%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-0.4%
Avg return
30 days after
40%
29 / 72 earnings
Positive
+26.7%
Q2 2012
Best reaction
-10.6%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +3.3% | -6.5% | |
| Q4 2025 | +16.6% | +16.8% | +0.3% | |
| Q3 2025 | -2.3% | -19.3% | -19.0% | |
| Q1 2025 | +9.0% | +7.0% | +23.7% | |
| Q4 2024 | -3.1% | -5.0% | -14.6% | |
| Q3 2024 | -4.7% | -5.6% | +1.0% | |
| Q2 2024 | -10.6% | -17.7% | -13.6% | |
| Q1 2024 | -1.6% | -6.9% | +1.8% | |
| Q4 2023 | -8.0% | -13.9% | -8.5% | |
| Q3 2023 | -2.3% | -0.1% | +6.5% | |
| Q2 2023 | +2.1% | +1.7% | +1.4% | |
| Q1 2023 | +8.0% | +4.1% | +3.7% | |
| Q4 2022 | +11.7% | +10.0% | +3.4% | |
| Q3 2022 | +10.6% | +5.8% | +24.8% | |
| Q2 2022 | +6.3% | +9.5% | +1.0% | |
| Q1 2022 | +0.6% | +6.1% | +3.2% | |
| Q4 2021 | -3.8% | +0.1% | -13.0% | |
| Q3 2021 | +1.7% | +1.7% | -2.4% | |
| Q2 2021 | +1.2% | +3.6% | +10.9% | |
| Q1 2021 | +2.3% | +7.8% | +8.7% | |
| Q4 2020 | +0.6% | +2.5% | +20.6% | |
| Q3 2020 | -0.8% | +4.5% | +28.6% | |
| Q2 2020 | -3.1% | +0.7% | +2.6% | |
| Q1 2020 | -10.1% | -12.4% | +3.5% | |
| Q4 2019 | -8.3% | -7.9% | -40.1% | |
| Q3 2019 | -4.4% | +3.3% | -2.6% | |
| Q2 2019 | -2.1% | -14.0% | -28.8% | |
| Q1 2019 | -3.2% | -1.9% | -16.5% | |
| Q4 2018 | +0.2% | +7.1% | -0.5% | |
| Q3 2018 | -6.6% | -5.1% | -1.0% | |
| Q2 2018 | -6.6% | -5.0% | -8.7% | |
| Q1 2018 | +2.7% | +6.8% | +8.4% | |
| Q4 2017 | -3.0% | -5.1% | -10.2% | |
| Q3 2017 | -3.9% | -1.1% | +0.2% | |
| Q2 2017 | -4.5% | +0.2% | -2.1% | |
| Q1 2017 | -5.8% | -5.2% | -3.7% | |
| Q4 2016 | -1.8% | -5.2% | -6.5% | |
| Q3 2016 | -5.2% | -4.1% | +28.2% | |
| Q2 2016 | -3.3% | +1.5% | +0.6% | |
| Q1 2016 | -1.9% | — | — | |
| Q4 2015 | +8.1% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +6.6% | — | — | |
| Q3 2014 | -10.2% | — | — | |
| Q2 2014 | -7.6% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | -3.9% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | -3.8% | — | — | |
| Q1 2013 | +1.5% | — | — | |
| Q4 2012 | -7.0% | — | — | |
| Q3 2012 | -5.5% | — | — | |
| Q2 2012 | +26.7% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q4 2011 | -2.3% | — | — | |
| Q3 2011 | -0.2% | — | — | |
| Q2 2011 | -10.6% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2010 | -7.5% | — | — | |
| Q3 2010 | +3.3% | — | — | |
| Q2 2010 | +7.5% | — | — | |
| Q1 2009 | +1.3% | — | — | |
| Q1 2010 | +6.7% | — | — | |
| Q4 2009 | -2.4% | — | — | |
| Q4 2007 | -2.4% | — | — | |
| Q3 2009 | -2.6% | — | — | |
| Q3 2008 | -2.6% | — | — | |
| Q2 2008 | +8.0% | — | — | |
| Q2 2009 | +8.0% | — | — | |
| Q4 2008 | +8.0% | — | — |
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