Terex (NYSE:TEX) Posts Earnings Results, Beats Expectations By $0.20 EPS

Terex (NYSE:TEX) announced its quarterly earnings data on Friday. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20, Briefing.com reports. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. Terex updated its FY 2026 guidance to 4.500-5.000 EPS.

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

• Terex reported a strong Q1 with pro forma sales up ~10.8% (reported +41% including REV), EPS of $0.98 (includes ~$0.10 one?time tax benefit), and backlog increased to $7.1 billion, and management reconfirmed its full?year 2026 guidance.
• The REV acquisition/Specialty Vehicles integration is progressing as planned with about $28 million of synergies expected in 2026 and line?of?sight to a $75 million run?rate within 24 months, while Specialty Vehicles grew ~20% in the period and improved margins.
• Materials Processing delivered notable momentum — Q1 pro forma sales +18.3%, bookings +38% YoY, backlog up 53% y/y and EBITDA margin expanded to ~15% (up 310 bps), positioning MP well for 2026.
• Aerials showed very strong bookings (132% book?to?bill, ~$1 billion backlog) giving forward visibility, but Q1 was break?even on EBITDA due to seasonality, temporary mix and tariff effects, and the business is under a strategic review/divestiture process.
• Financial position improved: net leverage reduced to 2.4x, net working capital/sales improved to 16.7% (from 26%), Q1 free cash outflow was seasonal (~$57M) and the company expects 80–90% free cash conversion for 2026.

Terex Trading Down 0.4%

Shares of Terex stock opened at $61.96 on Friday. The company has a fifty day simple moving average of $62.01 and a 200-day simple moving average of $57.13. Terex has a 12-month low of $37.94 and a 12-month high of $71.50. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 1.23. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.25 and a beta of 1.57.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a $0.17 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s dividend payout ratio is presently 32.54%.

Insiders Place Their Bets

In related news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares in the company, valued at $12,012,793.80. This represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Terex by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,433,991 shares of the industrial products company’s stock valued at $183,308,000 after purchasing an additional 76,028 shares in the last quarter. Wellington Management Group LLP increased its holdings in Terex by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after acquiring an additional 425,322 shares in the last quarter. Morgan Stanley increased its holdings in Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after acquiring an additional 727,277 shares in the last quarter. Invesco Ltd. increased its holdings in Terex by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after acquiring an additional 16,377 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Terex during the 4th quarter valued at about $69,802,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex News Summary

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Adjusted results and sales exceeded expectations — adjusted EPS of $0.98 topped consensus (~$0.78) and revenue of $1.73B was above estimates, driven by strong year?over?year growth. Article Title
• Positive Sentiment: Order book and backlog strength support near-term visibility — backlog rose to $7.1B with a book?to?bill of 109%, underpinning the company’s reaffirmed outlook. Article Title
• Neutral Sentiment: Company reaffirmed its FY2026 outlook and published a range (EPS $4.50–$5.00; sales $7.5B–$8.1B), giving guidance but leaving room for model variation — investors will watch execution against the midpoint. Article Title
• Negative Sentiment: GAAP results were affected by significant non?cash, merger?related charges — Terex reported an EPS loss from continuing operations (GAAP) of ($0.97), which may concern investors focusing on GAAP profitability. Article Title
• Negative Sentiment: Guidance midpoint slightly below some Street expectations (analyst consensus near ~$4.80 EPS) — that modest gap and conservative revenue range likely tempered investor enthusiasm despite the beat. Article Title

Analysts Set New Price Targets

Several research analysts have commented on TEX shares. Barclays started coverage on shares of Terex in a report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 price target for the company. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Wells Fargo & Company boosted their price target on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Truist Financial boosted their price target on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Terex has an average rating of “Moderate Buy” and an average target price of $70.73.

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.