Terex Corporation’s TEXfirst-quarter 2018 adjusted earnings came in at 55 cents per share, a substantial improvement from 5 cents per share in the year-ago quarter. Earnings also beat the Zacks Consensus Estimate of 37 cents per share by a wide margin of 49%. Improvements in operating activities and capital structure, as well as development in global markets resulted in the stellar earnings performance.
Including one-time items, Terex posted earnings per share of 62 cents in the quarter, against a loss of 4 cents reported in the year-ago quarter.
Revenues in the reported quarter were up 25% year over year to $1,261 million from $1,007 million recorded in the prior-year quarter. Also, the reported figure surpassed the Zacks Consensus Estimate of $1,116 million.