Terex Earnings: Management Raises Guidance as Aerial Sales and Margins Rise in the First Quarter

Terex’s sales increased 4% year on year to nearly $1.3 billion, thanks to solid demand in the aerial segment. Management raised 2024 sales and margin guidance for the segment. We're now more optimistic on Terex's long-term prospects. This led us to increase our fair value estimate by 7% to $59 per share, up from $55 previously.