NYSE$TEX
Terex Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Terex reported Q4 2020 earnings and reinstated quarterly dividend.
Terex Corporation announced Q4 2020 income from continuing operations of $14.9 million, or $0.21 per share, on net sales of $786.7 million. The company reinstated its quarterly dividend for 2021 at $0.12 per share.
- Terex delivered another quarter of improving operating performance despite the challenges associated with the pandemic.
- The company generated over $140 million of free cash flow in 2020 through aggressive working capital management.
- Terex entered 2021 in a very strong financial position, with $670 million of cash and over $1.1 billion of total available liquidity.
- Expectations are that 2021 sales will be approximately $3.45 billion, and EPS will be approximately $1.95 to $2.35.
Headline financials
Revenue & EPS history
Terex · Revenue · Quarterly
$787M
Revenue by segment
Terex · $366M total across 1 segment · Q4 2020
- Materials Processing$366M+14.1%100.0%
Forward guidance
Terex expects 2021 sales to be approximately $3.45 billion, and EPS to be approximately $1.95 to $2.35.
Tailwinds
- Renewed optimism and improved customer sentiment will drive customer demand for Terex’s products and services.
- The company is well positioned with its operating strategy to drive improved execution, profitability, innovation and growth in 2021.
- The company will continue to deliver to our customers innovative products and solutions that yield superior productivity and return on investment.
- Aggressive working capital management.
- Disciplined liquidity management.
Headwinds
- Business could be further adversely impacted by global health pandemics such as the outbreak of a new strain of coronavirus (“COVID-19”).
- Business is highly competitive and is affected by cost structure, pricing, product initiatives and other actions taken by competitors.
- Dependence upon third-party suppliers, making vulnerable to supply shortages and price increases.
- Operations are subject to a number of potential risks that arise from operating a multinational business, including compliance with changing regulatory environments and political instability.
- Material disruption to one of significant facilities.
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 Q4 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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