Terex Corporation (NYSE: TEX) has announced that it will host a conference call to review its first quarter 2024 financial results on Friday, April 26, 2024, at 8:30 a.m. Eastern Time. The company's financial results will be issued and available at https://investors.terex.com after the market close on Thursday, April 25, 2024.
Terex operates in two segments: Materials Processing and Aerial Work Platforms. In the last reported quarter, the company's revenue from the Materials Processing segment was $611 million, representing a 9% increase from the previous period. Additionally, the Aerial Work Platforms segment generated $475 million in revenue, marking a 6% increase from the prior period.
The company's gross margin for the last reported quarter was 22.5%, showing a slight decrease from the previous period's gross margin of 23.1%. Moreover, Terex's operating income was $64 million, reflecting a 4% decrease from the prior period.
Terex's net income for the last reported quarter was $38 million, a 5% decrease from the previous period. Earnings per share stood at $0.43, representing a 4% decrease from the prior period.
Investors and analysts are keen to gain insights into the company's performance, particularly in light of these changes. Participants are encouraged to access the webcast 15 minutes prior to the starting time, and the webcast will be available for replay at https://investors.terex.com.
Terex Corporation is a global manufacturer of materials processing machinery and aerial work platforms, with products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. The company's products are manufactured in North America, Europe, Australia, and Asia and sold worldwide. Following these announcements, the company's shares moved -1.5%, and are now trading at a price of $63.37. For more information, read the company's full 8-K submission here.
