Terex Corporation (NYSE:TEX) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET

Company Participants

Jon Paterson - VP and Treasurer
Simon Meester - President and CEO
Julie Beck - SVP and CFO

Conference Call Participants

Stanley Elliott - Stifel
Jamie Cook - Truist Securities
David Raso - Evercore ISI
Jerry Revich - Goldman Sachs
Tami Zakaria - JPMorgan
Angel Castillo - Morgan Stanley
Steve Barger - KeyBanc Capital Markets

Operator

Greetings, and welcome to the Terex Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Jon Paterson, Vice President and Treasurer. Please go ahead.

Jon Paterson

Good morning, and welcome to the Terex second quarter 2024 earnings conference call. A copy of the press release and presentation slides are posted on our Investor Relations website at investors.terex.com. In addition, the replay and slide presentation will be available on our website.

We are joined by Simon Meester, President and Chief Executive Officer; and Julie Beck, Senior Vice President and Chief Financial Officer. Their prepared remarks will be followed by Q&A.

Please turn to Slide 2 of the presentation, which reflects our safe harbor statement. Today's conference call contains forward-looking statements, which are subject to risks that could cause actual results to be materially different from those expressed or implied. These risks are described in greater detail in the earnings materials and in our reports filed with the SEC. In addition, we will be discussing non-GAAP financial information, which is useful in evaluating the company's operating performance. Reconciliations for these non-GAAP measures can be found in the conference call materials.

Please turn to Slide 3, and I'll turn it over to Simon.

Simon Meester

Thanks, John, and good morning. I would like to welcome everyone to our earnings call and appreciate your interest in Terex. I first want to thank and recognize the Terex team for their extraordinary commitment and dedication to our customers, our company and our people. We closed another strong quarter and I continue to be impressed by our team members and their passion to do what's best for our stakeholders, while keeping each other safe and healthy at the same time.

Please turn to Slide 4. Over the past five years, we transformed Terex into a strong diversified agile company with significantly improved financial performance. We're posting another strong quarter generating revenue of $1.4 billion and delivering adjusted earnings per share of $2.16, and we're on track to deliver full year adjusted EPS in the range of $7.15 to $7.45. I'm proud of our global team that continues to perform at a high level, achieving our near-term objectives and implementing our long-term strategy of execute, innovate and grow to make Terex an even stronger company in the future.