Earnings Call Summary | Terex Corp(TEX.US) Q1 2024 Earnings Conference
Earnings Call Summary | Terex Corp(TEX.US) Q1 2024 Earnings Conference
The following is a summary of the Terex Corporation (TEX) Q1 2024 Earnings Call Transcript:
以下是特雷克斯公司（TEX）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Terex Corporation showed a sales increase of 5% and expanded operating margins by 20 basis points from last year.
The company reported earnings per share of $1.60 for Q1 and a return on invested capital of over 27%.
Terex is raising its 2024 sales and profit outlook, expecting earnings per share in the range of $6.95 to $7.35.
The MP sales in Q1 declined by 6% to $520 million compared to last year, but had operating profits of $72 million.
AWP reported Q1 sales of $773 million, up nearly 13% from last year, with quarterly operating profits of $107 million, a 29% increase from the prior year.
特雷克斯公司的銷售額比去年增長了5％，營業利潤率提高了20個點子。
該公司報告稱，第一季度每股收益爲1.60美元，投資資本回報率超過27％。
特雷克斯正在上調其2024年的銷售和利潤展望，預計每股收益在6.95美元至7.35美元之間。
與去年相比，第一季度的國會議員銷售額下降了6％，至5.2億美元，但營業利潤爲7200萬美元。
AWP報告稱，第一季度銷售額爲7.73億美元，比去年增長近13％，季度營業利潤爲1.07億美元，比上年增長29％。
Business Progress:
業務進展：
Terex launched new products across the portfolio, and continue to progress with their new facility in Monterrey.
The company has a Q1 backlog of $3.1 billion, significantly above historical levels, proving confidence in their sales outlook for the year.
In line with trends such as infrastructure, digitalization, waste recycling, and electrification, Terex's portfolio and strategy are accordingly aligned.
They have started to ramp up efforts to grow the M&A pipeline, targeting opportunities to broaden their market reach and strengthen the portfolio.
Terex is on track to generate over $1.1 billion in free cash flow over a five-year period, giving the firm flexibility to pursue new growth opportunities.
Exploring both inorganic and organic growth options, they're focusing on product development as a key contributor to business expansion.
Recent investments in Acculon and Apptronik form part of long-term technology investment strategy, benefiting their current product portfolio and future offerings.
Terex is on track to meet their Investor Day targets, aiming to hit $6 billion with an operating margin of 13-14%, reflecting a 3.5% compound annual growth rate (CAGR).
They are managing growth whilst dealing with existing supply chain issues, and are expecting a return to more normal delivery patterns as supply chain conditions improve.
特雷克斯在整個產品組合中推出了新產品，並在蒙特雷的新工廠繼續取得進展。
該公司第一季度的積壓量爲31億美元，大大高於歷史水平，這證明了他們對今年的銷售前景充滿信心。
根據基礎設施、數字化、廢物回收和電氣化等趨勢，特雷克斯的產品組合和戰略也相應保持一致。
他們已開始加大力度擴大併購渠道，瞄準擴大市場覆蓋範圍和加強投資組合的機會。
特雷克斯有望在五年內產生超過11億美元的自由現金流，這使公司能夠靈活地尋求新的增長機會。
他們探索無機和有機增長選項，將重點放在產品開發上，以此作爲業務擴張的關鍵因素。
最近對Acculon和Apptronik的投資構成了長期技術投資戰略的一部分，使他們當前的產品組合和未來的產品組合受益。
特雷克斯有望實現其投資者日目標，目標是達到60億美元，營業利潤率爲13-14％，反映3.5％的複合年增長率（CAGR）。
他們正在管理增長，同時處理現有的供應鏈問題，並預計隨着供應鏈狀況的改善，交付模式將恢復到更加正常的狀態。
More details: Terex Corp IR
更多詳情： 特雷克斯公司投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。