Well they have a lot of work ahead of them still to meet their own guidance. Plus there are landmines associated with MHPS. In that the color on MHPS isn't clear and I am not sure if restructuring in that segment is real or not. Furthermore Cranes is having trouble.
Lets look at operating profit per segment guidance
AWP Guidance says $320 Run Rate - $348 - Surplus over estimates = $28
Construction Guidance (21) - Run Rate (21) = Difference = $0
Cranes -Guidance $180 , Run Rate $170 = Deficit ($10)
MHPS Guidance $-8, Run Rate $-74 = Deficit $(66)
MP Guidance $71.5, Run Rate Run Rate = $72 = Difference $0
So we have a total of $-58 M or .76% of operating margin variance. Cranes is having trouble right now making it up. AWP will make up of it.
So it is going to be tough for Terex to get there.
However Terex has done a great job lowereing interest payments. So lets stay Terex stays on course and we will exclude resttructuring. So they make $430M of operating profit for the year. Earnings would = $1.63 on the year
So not completely awful.
However you have risks that MHPS doesn't improve. Meaning that the restructuring charges are legit.
The sale of the mining business = excellent
the allocation of that investment into Demag = Awful
right on james.....just chilling sitting in cash......pnc is solid and so is cof, do own some slca and osbc but small amounts......you got any other juicy tips, everything seems so fairly/overly valued