As a result, we expect 2022 sales will be $4.1 to $4.3 billion with EPS of $3.55 to $4.05. The entire organization remains focused on overcoming supply disruptions to increase production and deliver for our customers. Garrison continued, “Customer demand remains strong for our products and services. Our strong balance sheet and expected 2022 free cash flow generation of $175 to $225 million allows us to fund growth investments, such as our new Genie Mexico facility and digitalization initiatives.” Julie Beck, Senior Vice President and Chief Financial Officer, said, “We were able to generate $125 million of free cash flow in 2021. We delivered significantly improved 2021 results and made progress on our Execute, Innovate and Grow strategy,” said Chairman and Chief Executive Officer John L. “I am proud of the continued resilience demonstrated by Terex team members to manage through a challenging operating environment. AWP’s fourth quarter 2021 results reflected strong global customer demand and strict cost discipline with operating margins improving 530 basis points. Materials Processing continued to demonstrate strong operational performance delivering operating margins of 13.8% in the quarter.
JOE BUDDEN TWITTER AND THICKMIXEY FULL
In the fourth quarter of 2020, reported income from continuing operations was $14.9 million, or $0.21 per share, on net sales of $786.7 million.įor the full year 2021, Terex reported income from continuing operations of $217.5 million, or $3.07 per share, on net sales of $3.9 billion compared with income from continuing operations of $9.0 million, or $0.13 per share, on net sales of $3.1 billion for the full year 2020. 10, 2022 /PRNewswire/ - Terex Corporation (NYSE: TEX) reported fourth quarter 2021 income from continuing operations of $58.0 million, or $0.82 per share, on net sales of $990.1 million.
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