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

Terex (NYSE:TEX) released its quarterly earnings results on Thursday. The industrial products company reported $1.37 EPS for the quarter, beating 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 business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm posted $1.49 EPS. Terex’s quarterly revenue was up 50.5% compared to the same quarter last year. 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 Performance

NYSE:TEX traded down $1.92 during trading hours on Thursday, reaching $62.64. The stock had a trading volume of 2,191,390 shares, compared to its average volume of 1,217,284. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The stock has a 50 day simple moving average of $65.10 and a 200 day simple moving average of $63.12. Terex has a 12-month low of $41.70 and a 12-month high of $74.69. The stock has a market cap of $7.15 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is currently 32.54%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TEX shares. Citigroup raised their price target on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. DA Davidson assumed coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Truist Financial lifted their price target on Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their target price on Terex from $69.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Terex News Summary

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Terex reported second-quarter adjusted EPS of $1.37, exceeding the $1.23-$1.25 analyst consensus, while revenue of approximately $2.24 billion also topped expectations near $2.14 billion. Terex Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Sales increased 50.5% year over year on a reported basis, while pro forma sales rose 8.5%. Pro forma bookings climbed 25.2%, and the company ended the quarter with a substantial $6.9 billion backlog. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook to $7.9 billion-$8.2 billion in sales and $960 million-$1.0 billion in adjusted EBITDA. The EPS guidance range of $4.70-$5.10 has a midpoint of $4.90, slightly above the $4.87 consensus estimate. Terex Posts Strong Q2 Results and Raises 2026 Outlook
• Neutral Sentiment: Adjusted EBITDA was $269 million, producing a 12.0% margin, and liquidity stood at $1.1 billion. Institutional activity was broadly favorable, with substantially more investors adding shares than reducing positions in the latest reported quarter.
• Negative Sentiment: Despite the adjusted EPS beat, reported EPS declined to $0.96 from $1.09 a year earlier, while adjusted EPS fell from $1.49. Net income increased to $110 million, but the lower per-share results may be weighing on the stock.
• Negative Sentiment: Bookings of $2.0 billion resulted in a 90% book-to-bill ratio, suggesting quarterly orders did not fully replace sales. In addition, disclosed insider transactions showed six sales and no purchases over the past six months, which may add to investor caution.

Insider Activity at Terex

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

Institutional Investors Weigh In On Terex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEX. Millennium Management LLC increased its stake in shares of Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after buying an additional 2,841 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Terex by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after buying an additional 40,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Terex by 0.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after buying an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Terex by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after acquiring an additional 14,629 shares during the period. 92.88% of the stock is currently owned by 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.