Terex (NYSE:TEX) Issues Quarterly Earnings Results

Terex (NYSE:TEX) announced its quarterly earnings data on Thursday. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14, Zacks reports. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter 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

NYSE TEX traded up $0.67 during trading hours on Friday, reaching $62.89. 3,137,761 shares of the stock traded hands, compared to its average volume of 1,260,806. Terex has a 1 year low of $41.70 and a 1 year high of $74.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $65.31 and a two-hundred day simple moving average of $63.14. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49.

Terex Dividend Announcement

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

More Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Results exceeded expectations: Terex reported second-quarter adjusted EPS of $1.37, above the $1.23–$1.25 analyst consensus, while revenue reached $2.24 billion versus expectations of approximately $2.14 billion. Sales increased 50.5% year over year, helped by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 outlook: Management increased its full-year sales forecast to $7.9 billion–$8.2 billion and adjusted EBITDA guidance to $960 million–$1.0 billion. The EPS outlook is $4.70–$5.10, broadly in line with the $4.87 consensus estimate. Terex posts strong Q2 results, raises 2026 outlook
• Positive Sentiment: Demand indicators improved: Pro forma sales rose 8.5%, bookings increased 25.2% year over year, and backlog stood at $6.9 billion. These figures support expectations for continued revenue visibility across Terex’s end markets. Terex Q2 Sales Rise 50.5% to $2.2 Billion
• Positive Sentiment: Analyst support remains: Truist raised its price target to $96 and maintained a “buy” rating, implying substantial potential upside from recent trading levels.
• Neutral Sentiment: REV Group integration: Terex completed its acquisition of REV Group, expanding its specialized vehicle portfolio. The deal adds growth opportunities but also leaves investors focused on integration execution and potential synergies. Terex Completes REV Group Acquisition
• Negative Sentiment: Mixed valuation signals: JPMorgan lowered its price target from $80 to $68 and shifted to a “neutral” rating, suggesting limited upside after the earnings reaction. Reports also highlighted that adjusted EPS declined from $1.49 a year earlier, while recent insider transactions were exclusively sales.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This represents a 10.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terex

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 369 shares during the last quarter. Strs Ohio bought a new stake in Terex during the first quarter valued at about $30,000. UMB Bank n.a. boosted its position in shares of Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares during the last quarter. Quarry LP bought a new stake in shares of Terex in the fourth quarter worth about $88,000. Finally, Empowered Funds LLC bought a new stake in Terex in the fourth quarter worth $108,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TEX shares. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Truist Financial raised their price target on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Citigroup upped their price target on Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Terex has an average rating of “Moderate Buy” and an average target price of $78.73.

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.