Earnings release
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Logo NEWS RELEASE Terex Corporation Announces Second Quarter 2021 Results 7/29/2021 Excellent quarterly financial results as end - markets are robust -Increased financial outlook for full - year 2021 - Delivered strong , positive quarterly free cash flow Reduced leverage by prepayment of term loan - Expanded crushing and screening business with a bolt - on acquisition - Announced new Genie President NORWALK , Conn . , July 29 , 2021 / PRNewswire / -- Terex Corporation ( NYSE : TEX ) announced second quarter 2021 income from continuing operations of $ 72.3 million , or $ 1.02 per share , on net sales of $ 1.0 billion . In the second quarter of 2020 , the reported loss from continuing operations was ( $ 3.2 ) million , or ( $ 0.05 ) per share , on net sales of $ 690.5 million . " During the second quarter , our global team members ' relentless focus on safety and disciplined execution of our strategy led to robust bookings , revenue growth and margin expansion in both of our business segments . Aerial Work Platforms ( AWP ) execution resulted in strong operating margins . Materials Processing ( MP ) had another excellent quarter with outstanding performance across its portfolio of businesses , " said Terex Chairman and Chief Executive Officer John L. Garrison , Jr. " Given the strong first - half performance and significantly improved end markets , we have raised our full - year 2021 guidance , which takes into consideration current supply chain conditions . We increased our full - year sales outlook to approximately $ 3.9 billion with an EPS range of $ 2.85 to $ 3.05 , " continued Mr. Garrison . John Sheehan , Senior Vice President and Chief Financial Officer , said , " Aggressive working capital management drove $ 101 million of free cash flow in the quarter and $ 141 million of free cash flow year - to - date . Our strong 1