Terex (NYSE:TEX) Announces Earnings Results

Terex (NYSE:TEX) released its quarterly earnings data on Wednesday. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.12, FiscalAI reports. Terex had a return on equity of 15.93% and a net margin of 2.92%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm posted $0.77 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Terex updated its FY 2026 guidance to 4.500-5.00 EPS.

Here are the key takeaways from Terex’s conference call:

• Terex completed the merger with REV Group, adding roughly $2.5B of revenue and $230M of Adjusted EBITDA and creating a new specialty vehicle segment; management expects $75M run-rate synergies (≈$37.5M realized within 12 months) with full capture by 2028.
• Operational momentum: full‑year EPS of $4.93, EBITDA of $635M, free cash flow of $325M (147% conversion), and Q4 bookings of $1.9B (+32% pro forma) that leave meaningful backlogs across segments (ES ~$1.1B; Aerials ~$906M; SV ~2 years).
• 2026 pro forma outlook: sales of $7.5–8.1B (~5% growth) and EBITDA of $930M–$1.0B (≈12.4% margin midpoint), including ~$28M of synergies; EPS guidance of $4.50–5.00 reflects a modest (~3%) dilution from the deal and a higher ~21% tax rate.
• Aerials faces near‑term headwinds from the expanded Section 232 tariff (management cites roughly a $16M incremental 2026 impact) and expects 2026 sales/margins to be flat despite offsetting price and productivity; the company is pursuing a deliberate strategic review/sale of Aerials, creating execution and timing uncertainty.

Terex Trading Up 12.8%

Shares of NYSE TEX traded up $7.60 during midday trading on Wednesday, reaching $66.86. 1,176,439 shares of the stock were exchanged, compared to its average volume of 2,094,995. The stock has a 50 day moving average price of $56.67 and a 200-day moving average price of $52.55. The company has a current ratio of 2.15, a quick ratio of 1.20 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.39 billion, a P/E ratio of 28.33, a P/E/G ratio of 5.55 and a beta of 1.68. Terex has a 52-week low of $31.53 and a 52-week high of $69.65.

Hedge Funds Weigh In On Terex

Several large investors have recently added to or reduced their stakes in TEX. Millennium Management LLC raised its holdings in shares of Terex by 1,086.3% during the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after buying an additional 234,470 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Terex by 0.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after purchasing an additional 1,597 shares during the period. Finally, Intech Investment Management LLC boosted its position in Terex by 47.4% in the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after buying an additional 14,629 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Monday, October 27th. Wells Fargo & Company increased their price objective on Terex from $50.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. UBS Group decreased their target price on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Terex currently has an average rating of “Moderate Buy” and an average price target of $59.90.

Key Headlines Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Strong bookings, revenue and margin outlook — Terex reported Q4 bookings of $1.9B (up 32% YoY), full‑year sales of $5.4B and set FY2026 sales guidance of $7.5B–$8.1B with EBITDA guidance of $930M–$1.0B (midpoint implies a ~12.4% EBITDA margin), highlighting top‑line growth and margin expansion that likely drove investor optimism. Terex Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Cash generation and adjusted earnings — full‑year free cash flow of $325M (strong cash conversion) and adjusted FY2025 EPS of $4.93 support capital returns and operational strength. Terex Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Dividend declared — Board approved a quarterly dividend of $0.17 per share, signaling confidence in cash flow and returning capital to shareholders. Terex Announces Quarterly Dividend
• Positive Sentiment: Non-core sale completed — Terex completed the sale of its Midwest Automotive Designs business, simplifying the portfolio and supporting the focus on higher‑growth industrial equipment segments. TEREX COMPLETES SALE OF MIDWEST RECREATIONAL VEHICLE BUSINESS
• Neutral Sentiment: Q4 earnings roughly in line — Terex reported $1.12 EPS for Q4, essentially matching consensus (Zacks notes it matched the Zacks Consensus). The quarter showed year‑over‑year EPS improvement but was not a big upside surprise. Terex (TEX) Matches Q4 Earnings Estimates
• Neutral Sentiment: Earnings call/transcript available — Management provided color on orders, margins and the outlook on the call; read the transcript for details that could shape near‑term analyst revisions. Terex (TEX) Q4 2025 Earnings Call Transcript
• Negative Sentiment: FY26 EPS guidance below consensus — Terex set FY2026 EPS guidance of $4.50–$5.00, below the Street consensus (~$5.56), which creates downside risk for estimates and may temper the upside from higher revenue guidance. Terex Reports Fourth Quarter and Full-Year 2025 Results

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.