Terex (NYSE:TEX) Issues Earnings Results, Beats Estimates By $0.14 EPS

Terex (NYSE:TEX) issued its quarterly earnings data on Thursday. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14, Zacks reports. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the business earned $1.49 EPS. The firm’s revenue was up 50.5% on a year-over-year basis. Terex updated its FY 2026 guidance to 4.700-5.100 EPS.

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

• Terex raised its 2026 guidance, now expecting $7.9–$8.2 billion in sales, $960 million–$1.0 billion in adjusted EBITDA, and adjusted EPS of $4.70–$5.10. The increase reflects strong first-half execution, higher Aerials volume, and improved Materials Processing performance.
• Second-quarter revenue rose 8.5% year over year on a pro forma basis to $2.2 billion, while adjusted EBITDA increased 10.7% to $269 million. Bookings climbed 25% and backlog reached $6.9 billion, providing substantial second-half visibility.
• Materials Processing delivered an 18.8% adjusted EBITDA margin, supported by strong U.S. mobile-crusher demand, favorable mix, and pricing discipline. Specialty Vehicles also posted record earnings performance as REV integration, throughput improvements, and planned capacity expansions progressed.
• Environmental Solutions lowered its second-half revenue outlook to low-single-digit growth because management no longer expects a material refuse-vehicle pre-buy ahead of 2027 EPA regulations. The segment’s second-quarter margin fell 250 basis points due to unfavorable mix, ramp-up inefficiencies, and lower absorption in the refuse business.
• Aerials bookings surged 71% year over year and the segment’s margin improved sequentially, but tariffs remain a significant headwind and full-year price-cost performance is expected to be neutral. Terex continues a strategic review of Aerials, with interest from multiple parties but no announced timeline or transaction.

Terex Price Performance

Shares of NYSE TEX traded up $2.08 during midday trading on Friday, reaching $64.30. The company’s stock had a trading volume of 1,163,920 shares, compared to its average volume of 1,584,765. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average price of $65.20 and a 200 day moving average price of $63.14. Terex has a one year low of $41.70 and a one year high of $74.69. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s payout ratio is currently 32.54%.

More Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Q2 results exceeded expectations. Terex reported adjusted EPS of $1.37, ahead of the roughly $1.23–$1.25 consensus, while revenue reached $2.24 billion versus estimates of $2.14 billion. Sales rose 50.5% year over year, helped in part by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook. Terex now expects revenue of $7.9 billion to $8.2 billion and adjusted EBITDA of $960 million to $1.0 billion. The company also reported $2.0 billion of bookings, up 25.2% on a pro forma basis, and a $6.9 billion backlog, supporting visibility into future demand. Terex posts strong Q2 results, raises 2026 outlook
• Positive Sentiment: Truist became more bullish. The firm raised its price target from $92 to $96 and maintained a “Buy” rating, implying substantial potential upside based on the referenced trading level.
• Positive Sentiment: REV Group integration expands Terex’s vehicle portfolio. Terex completed the previously announced REV Group acquisition, adding specialized vehicle offerings serving emergency services and other essential markets. Investors may view the transaction as a catalyst for broader sales and cross-selling opportunities. Terex Completes REV Group Acquisition, Enhancing Vehicle Portfolio
• Neutral Sentiment: Reported growth benefited from the acquisition. Pro forma sales increased 8.5%, a more moderate rate than the reported 50.5% increase, while the 90% book-to-bill ratio indicates shipments exceeded new orders during the quarter.
• Negative Sentiment: GAAP profitability declined year over year. Net income rose to $110 million, but GAAP EPS fell to $0.96 from $1.09, and adjusted EPS declined from $1.49. Continued integration costs or weaker margins could limit the upside from the stronger revenue outlook.
• Negative Sentiment: Insider selling is a cautionary signal. Reported insider transactions showed six sales and no purchases over the past six months, though these trades do not necessarily indicate a change in management’s business outlook.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TEX shares. JPMorgan Chase & Co. boosted their target price on shares of Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research note on Monday, May 11th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. DA Davidson started coverage on shares of Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Finally, Truist Financial raised their target price on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $79.82.

Insider Buying and Selling at Terex

In other Terex news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the sale, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the period. Strs Ohio acquired a new position in Terex in the 1st quarter worth approximately $30,000. UMB Bank n.a. grew its position in Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares in the last quarter. Quarry LP purchased a new position in Terex during the 4th quarter worth approximately $88,000. Finally, Empowered Funds LLC acquired a new stake in Terex during the 4th quarter valued at $108,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

About Terex

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.