Terex (NYSE:TEX) Issues Quarterly Earnings Results, Hits Estimates

Terex (NYSE:TEX) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.12, FiscalAI reports. Terex had a return on equity of 15.93% and a net margin of 2.92%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. 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 17.0%

TEX opened at $69.33 on Thursday. The stock has a market capitalization of $4.55 billion, a PE ratio of 29.50, a P/E/G ratio of 5.35 and a beta of 1.68. Terex has a one year low of $31.53 and a one year high of $69.65. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15. The business’s 50 day moving average price is $57.06 and its 200 day moving average price is $52.66.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.17 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio is currently 28.94%.

Analyst Ratings Changes

TEX has been the topic of several research reports. UBS Group decreased their price target on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley raised shares of Terex from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $60.00 in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Raymond James Financial upgraded 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. Finally, Citigroup upped their price target on Terex from $52.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average target price of $59.90.

More Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Q4 results showed progress: EPS of $1.12 (in line with consensus) and revenue of $1.32B (slightly above estimates); bookings were highlighted as up ~32% YoY — evidence of demand strength that helped lift sentiment. Terex Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Management set a pro‑forma 2026 EBITDA target of $930M–$1.0B and sales guidance of $7.5B–$8.1B, citing merger synergies with REV — a growth-and-efficiency story that underpins upside expectations. Terex targets $930M–$1B EBITDA in 2026
• Positive Sentiment: The board declared a quarterly dividend of $0.17 per share, signaling capital-return discipline alongside growth plans. Terex Announces Quarterly Dividend
• Neutral Sentiment: Terex completed the sale of its Midwest recreational vehicle business — a non‑core divestiture that clarifies portfolio focus but is not a material earnings driver on its own. TEREX COMPLETES SALE OF MIDWEST RECREATIONAL VEHICLE BUSINESS
• Neutral Sentiment: Headline EPS matched consensus ($1.12) — that removes downside surprise risk but is not a clear catalyst by itself; the market is focusing on the pro‑forma outlook and merger commentary. Terex earnings report and call
• Negative Sentiment: FY‑2026 EPS guidance of $4.50–$5.00 came in below some sell‑side consensus (~$5.56), creating short‑term concern about margin conversion and near‑term profitability assumptions. Terex Reports Fourth Quarter and Full-Year 2025 Results
• Negative Sentiment: Some outlets noted mixed reception earlier (reports of a revenue miss or cautious investor reaction), which contributed to intraday volatility despite the stronger strategic outlook. Terex shares fall 2% as revenue misses expectations

Hedge Funds Weigh In On Terex

Large investors have recently modified their holdings of the business. M&T Bank Corp grew its holdings in Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after buying an additional 225 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Terex by 0.5% in the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock valued at $2,882,000 after acquiring an additional 287 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Terex by 167.0% in 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 in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Terex by 4.2% during the third quarter. Lazard Asset Management LLC now owns 12,516 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 499 shares during the last quarter. Finally, Swiss National Bank increased its position in Terex by 0.4% during the 3rd quarter. Swiss National Bank now owns 127,100 shares of the industrial products company’s stock worth $6,520,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.