TEX FY 2024 Earnings Report — Terex Corporation Revenue & Financial Results | Market Cap Arena

Terex CorporationTEX

FY 2024 Earnings

Reported February 7, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$5.1B	—	$5.2B	—	-0.5%
Op. Income	$526M	—	$637M	—	-17.4%
Gross Margin	20.8%	—	22.8%	—	-2.0pp
Net Margin	6.5%	—	10.1%	—	-3.5pp
EPS (Diluted)	$4.96	—	$7.56	—	-34.4%
Free Cash Flow	$189M	—	$332M	—	-43.1%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$1.1B
R&D Expenses	$25M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$521M
Other Expenses	-$4M
Operating Expenses	$542M
Cost & Expenses	$4.6B
OPERATING INCOME	$526M
Interest Income	$13M
Interest Expense	$89M
Other Income/Expenses	-$118M
INCOME BEFORE TAX	$408M
Income Tax Expense	$73M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$335M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$335M
D&A	$82M
EBIT	$497M
EBITDA	$579M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$1.1B
R&D Expenses	$25M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$521M
Other Expenses	-$4M
Operating Expenses	$542M
Cost & Expenses	$4.6B
OPERATING INCOME	$526M
Interest Income	$13M
Interest Expense	$89M
Other Income/Expenses	-$118M
INCOME BEFORE TAX	$408M
Income Tax Expense	$73M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$335M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$335M
D&A	$82M
EBIT	$497M
EBITDA	$579M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$335M
Depreciation & Amortization	$82M
Stock-Based Compensation	$30M
Deferred Income Tax	-$10M
Other Non-Cash Items	$22M
Change in Working Capital	-$133M
OPERATING CASH FLOW	$326M
Capital Expenditure	-$137M
Acquisitions (Net)	-$2.0B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$49M
Common Dividends Paid	-$46M
Other Financing Activities	-$63M
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$189M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$388M
Short-Term Investments	$0
Net Receivables	$643M
Inventory	$1.1B
Other Current Assets	$142M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$714M
Goodwill	$1.1B
Intangible Assets	$1.1B
Long-Term Investments	$7M
Tax Assets	$0
Other Non-Current Assets	$489M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$5.7B
Account Payables	$580M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$458M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$142M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.9B
Common Stock	$1M
Additional Paid-In Capital	$921M
Retained Earnings	$2.0B
Treasury Stock	-$672M
Accum. Other Comp. Income	-$382M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$2.7B
Net Debt	$2.3B