The 10-second takeaway
For the quarter ended March 31 (Q1), Terex beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Terex booked revenue of $1.82 billion. The 13 analysts polled by S&P Capital IQ foresaw revenue of $1.78 billion on the same basis. GAAP reported sales were 45% higher than the prior-year quarter's $1.26 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.31. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.23 per share on the same basis. GAAP EPS of $0.20 for Q1 were 100% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.2%, 490 basis points better than the prior-year quarter. Operating margin was 3.5%, 420 basis points better than the prior-year quarter. Net margin was 1.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.03 billion. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $7.95 billion. The average EPS estimate is $1.78.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Terex is outperform, with an average price target of $29.18.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.