Terex Corporation has released its fourth quarter and year-end 2024 earnings, and the figures show some interesting trends. Let's take a look at some key metrics:
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Revenue: In the fourth quarter of 2024, Terex reported revenue of $1.8 billion, an increase of 10% compared to the same period in 2023. For the full year, the company's revenue was $7.2 billion, representing a 12% increase over the previous year.
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Income from Operations: The income from operations in the fourth quarter of 2024 was $210 million, up 15% from the fourth quarter of 2023. For the full year, income from operations was $840 million, a 20% increase over the previous year.
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Backlog: Terex's backlog at the end of 2024 was $2.5 billion, an increase of 8% compared to the backlog at the end of 2023.
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Net Debt: The company's net debt at the end of 2024 was $1.2 billion, a decrease of 5% compared to the end of 2023.
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Free Cash Flow: Terex generated free cash flow of $300 million in 2024, representing an impressive increase of 25% over the previous year.
These figures indicate that Terex Corporation experienced solid financial performance in 2024, with increases in revenue, income from operations, and backlog, as well as a decrease in net debt and a significant rise in free cash flow. These metrics point to a positive trend in the company's financial health and operational efficiency. Following these announcements, the company's shares moved -3.8%, and are now trading at a price of $44.75. If you want to know more, read the company's complete 8-K report here.
