Terex (NYSE:TEX) Announces Earnings Results, Beats Expectations By $0.14 EPS

Terex (NYSE:TEX) posted its earnings results on Thursday. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14, Zacks reports. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.Terex’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. 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 Stock Down 3.0%

NYSE:TEX traded down $1.92 on Thursday, hitting $62.64. 2,191,390 shares of the company’s stock were exchanged, compared to its average volume of 1,588,280. The firm has a 50-day moving average price of $65.10 and a 200-day moving average price of $63.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The company has a market cap of $7.15 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49.

Terex Dividend Announcement

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

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Strs Ohio acquired a new stake in shares of Terex during the 1st quarter worth about $30,000. UMB Bank n.a. lifted its stake in shares of 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 buying an additional 189 shares during the last quarter. Quarry LP acquired a new position in Terex in the 4th quarter valued at about $88,000. Finally, Empowered Funds LLC bought a new position in Terex in the 4th quarter valued at about $108,000. Institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TEX shares. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Terex in a research note on Wednesday, May 6th. Evercore reiterated an “outperform” rating and set a $81.00 target price on shares of Terex in a report on Monday, May 11th. Citigroup boosted their price target on Terex from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average target price of $79.45.

Terex News Roundup

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Terex reported adjusted second-quarter earnings of $1.37 per share, above estimates of $1.23–$1.25, while revenue of $2.24 billion also exceeded expectations of approximately $2.14 billion. Revenue increased 50.5% year over year on a reported basis, although pro forma sales growth was 8.5%. Terex Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its 2026 outlook to revenue of $7.9 billion–$8.2 billion and adjusted EBITDA of $960 million–$1.0 billion. The EPS range of $4.70–$5.10 is broadly in line with, and slightly above, the current consensus midpoint. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Bookings rose 25.2% pro forma year over year, and backlog reached $6.9 billion, supporting future demand visibility. Adjusted EBITDA was $269 million, representing a 12.0% margin.
• Neutral Sentiment: Brokerages maintain a consensus recommendation of “Moderate Buy,” suggesting analysts remain generally constructive on Terex’s longer-term outlook. Terex Receives Moderate Buy Consensus
• Negative Sentiment: GAAP net income was $110 million, or $0.96 per diluted share, versus $72 million, or $1.09 per share, a year earlier; adjusted EPS also declined from $1.49. The 90% book-to-bill ratio indicates shipments exceeded new orders during the quarter.
• Negative Sentiment: Reported insider activity has consisted of six sales and no purchases over the past six months, which may reinforce investor caution following the earnings release.

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.