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Post Earnings Coverage as Terex's Q4 Results Topped Estimates
Upcoming AWS Coverage on Astec Industries Post-Earnings Results LONDON, UK / ACCES...
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[{"type":"text","content":"Post Earnings Coverage as Terex's Q4 Results Topped EstimatesUpcoming AWS Coverage on Astec Industries Post-Earnings Results \nLONDON, UK / ACCESSWIRE / March 8, 2017 / Active Wall St. announces its post-earnings coverage on Terex Corp. (NYSE: TEX). The Company posted its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on February 21, 2017. The Westport, Connecticut-based Company's quarterly net sales and adjusted EPS fell on a year-over-year basis; however, they beat market consensus estimates. Register with us now for your free membership at:\nhttp://www.activewallst.com/register/ \nOne of Terex's competitors within the Farm & Construction Machinery space, Astec Industries, Inc. (NASDAQ: ASTE), reported on February 21, 2017, its results for Q4 and year ended December 31, 2016. AWS will be initiating a research report on Astec Industries in the coming days. \nToday, AWS is promoting its earnings coverage on TEX; touching on ASTE. Get our free coverage by signing up to:\nhttp://www.activewallst.com/register/\nEarnings Reviewed\n \nIn Q4 FY16, Terex's net sales fell to $974.7 million from $1.17 billion reported in Q4 FY15. However, net sales for the reported quarter outperformed market expectations of $919 million. \nThe machinery products Company reported loss from continuing operations of $313.9 million, or $2.96 loss per share per diluted share, in Q4 FY16 compared to income from continuing operations $23.8 million, or $0.22 per diluted share, in Q4 FY15. Excluding after-tax charges of $321.3 million, the Company's adjusted income from continuing operations for Q4 FY16 was $7.4 million, or $0.07 per diluted share, compared to $32.0 million, or $0.29 per diluted share, recorded in Q4 FY15. Meanwhile, Wall Street had expected the Company to report adjusted net loss of $0.05 per share.\nFor full year FY16, Terex's net sales were $4.44 billion compared to $5.02 billion reported in FY15. The Company reported loss from continuing operations of $193.0 million, or $1.79 loss per diluted share, in FY16 compared to income from continuing operations $128.4 million, or $1.17 per diluted share, in FY15. Additionally, the Company's adjusted income from continuing operations for FY16 stood at $95.3 million, or $0.88 per diluted share, compared to $154.6 million, or $1.41 per diluted share, recorde...