Terex (TEX) reported Q1 adjusted earnings Friday of $0.83 per share, down from $1.74 a year earlier.

Analysts surveyed by FactSet expected $0.53.

Net sales for the quarter ended March 31 were $1.23 billion, down from $1.29 billion a year earlier. Analysts polled by FactSet expected $1.24 billion.

For 2025, the company continues to expect adjusted EPS outlook of $4.7 to $5.10 on net sales of $5.30 billion to $5.50 billion. Analysts surveyed by FactSet expect $4.45 on sales of $5.28 billion.

Terex shares were up over 5% in recent premarket activity.