NYSE$TEX

Terex Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Demonstrated solid execution amidst supply chain challenges and inflation, achieving sales growth and raising full-year EPS outlook.

Terex reported a solid financial performance for Q2 2022, with sales of $1.1 billion, up 4% year-over-year. The company raised its full-year earnings per share outlook to $3.80 to $4.20 due to strong execution and a robust backlog.

  • Consolidated Q2 bookings of $1 billion, the second highest in recent history.
  • MP segment sales increased by 9% year-over-year, with operating profit margin at 16.5%.
  • AWP segment sales were slightly higher compared to the prior year, with operating margins of 7.7%.
  • The company raised its 2022 EPS outlook to $3.80 to $4.20 on sales of $4.1 to $4.3 billion.

Headline financials

Total Revenue

$1.08B

Previous: $1.04B+3.7%
EPS (adj)

$1.07

Previous: $1.02+4.9%
Free Cash Flow

$74.1M

Previous: $73.9M+0.3%
Net Income

$74.1M

Previous: $73.9M+0.3%
Operating Income

$104M

Previous: $123M-15.2%
Gross Profit

$213M

Previous: $232M-8.1%
Cash & Equivalents

$253M

Previous: $542M-53.3%
Total Assets

$2.99B

Previous: $3.07B-2.4%
Stock-Based Comp

$6.8M

Previous: $7.7M-11.7%

Revenue & EPS history

Terex · Revenue · Quarterly

$1.08B

Q2 2022+3.7%vs Q2 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Terex · $481M total across 1 segment · Q2 2022

  • Materials Processing
    $481M+9.1%

Forward guidance

Terex raised its 2022 outlook, expecting EPS of $3.80 to $4.20 on sales of $4.1 to $4.3 billion.

Tailwinds

  • Strong execution of team members.
  • Robust backlog supports sales outlook.
  • Expect continued improvement in price cost dynamics throughout the year.
  • Sales growth is based on improved price execution.
  • Sequential quarterly margin improvement to continue through the balance of 2022.

Headwinds

  • Supply chain challenges continue.
  • Inflation pressures persist.
  • Geopolitical uncertainty remains.
  • Highly restrictive China COVID policies continue.
  • Unfavorable foreign exchange impact.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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