UBS analyst Steven Fisher met with Terex management who reiterated they are confident in demand growth from 2018-2023 and that they will get their share of the rising market. The analyst noted bears believe the AWP market is set to peak and rollover, but management expects industry revenues to grow at an upper single digit through 2023. Fisher reiterated his Buy rating and $52 price target on Terex shares.

Reports Q1 revenue $1.3B, consensus $1.24B. "Terex delivered excellent first quarter results, achieving sales growth and margin expansion versus the prior year," said CEO Simon Meester. "The Terex team continues to perform at a high level and demonstrate the power of its focused strategy and its proven ability to create value. We are raising our full-year outlook to reflect our strong first quarter performance, while also prudently planning for continued softness in Europe over the balance of the year." Meester continued, "Overall, customer demand remains strong for Terex's differentiated products as evidenced by our robust backlog. In addition, we are advancing our new product initiatives to bolster the Company's portfolio of market-leading businesses that will continue to benefit from megatrends over the coming years. We are focused on accelerating our profitable growth strategy and are committed to delivering strong performance through the cycle."