Terex Corporation announced its fourth quarter and full-year 2024 financial results. For Q4 2024, net sales were $1,241 million, a 1.5% increase year-over-year, while full-year 2024 net sales were $5,127 million, slightly down from $5,152 million in 2023. The company reported a GAAP diluted EPS loss of $0.03 for Q4, with adjusted EPS at $0.77, and full-year 2024 adjusted EPS of $6.11.
The Environmental Solutions Group (ESG) made a strong contribution in Q4, adding $228 million in net sales and achieving a 5.3% operating margin. This performance was noted as financially accretive from day one following the October 8, 2024, acquisition close. However, legacy businesses, Aerials and Materials Processing (MP), continued to experience industry-wide channel adjustments.
Looking ahead, Terex provided its full-year 2025 outlook, projecting net sales between $5.3 billion and $5.5 billion. The adjusted EPS outlook is set at $4.70 to $5.10, with free cash flow expected to be between $300 million and $350 million. Segment-specific guidance anticipates Aerials sales to be down low double digits, MP sales down high single digits, and Environmental Solutions sales to be up mid single digits.
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