FX.co ★ Terex Revises 2024 Guidance; Expects To Close ESG Acquisition Early In Q4

Terex (TEX) has revised its full-year 2024 forecast for adjusted earnings per share (EPS), excluding the benefits from the Environmental Solutions Group (ESG) acquisition. The company now expects EPS to range between $5.80 and $6.20, with anticipated revenue between $4.85 billion and $5.05 billion. In contrast, analysts polled by Thomson Reuters predict a higher EPS of $7.17 on revenue of $5.18 billion, typically excluding special items.

Back in July, Terex had projected a more optimistic outlook for the full year, estimating an adjusted EPS between $7.15 and $7.45 and net sales ranging from $5.10 billion to $5.30 billion.

"We anticipate closing the ESG acquisition early in the fourth quarter, and we expect ESG to contribute approximately $45 million in Adjusted EBITDA in Q4, consistent with our prior expectations," stated Simon Meester, President and CEO.