📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Terex Corporation manufactures industrial equipment for materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry worldwide. The MP segment offers crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Advance, Bid-Well, MDS, MARCO, MAGNA, Green-Tec, and Terex Recycling Systems brands. Its products are used in construction, infrastructure, and recycling projects; quarrying, mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The Aerials segment provides aerial work platform equipment, and telehandlers under the Terex and Genie brands; and portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, commercial operations, and tree trimming and various infrastructure projects. The ES segments offers refuse collection bodies, hydraulic cart lifters, automated carry cans, utility equipment, compaction, balers, recycling equipment, diggers derricks, transmission and distribution lines, construction and foundation drilling applications, insulated aerial devices, and cameras under the Heil, Marathon, 3rd Eye, Soft-Pak, Connected Collections, Parts Central, Curotto-Can, and Bayne Thinline brands; and waste hauler software solutions. The company was founded in 1933 and is based in Norwalk, Connecticut.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding TEX

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	621.0K	$36.7M	0.05%	Mar 2026
Jim Simons Renaissance Technologies LLC	118.9K	$7.0M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Mixed ↓ Deteriorating 4 quarters analysed

Q2 2025

Confident Specific

Management maintained full-year EPS guidance ($4.7-$5.1) and provided specific tariff impact estimates ($0.50), while highlighting strong ES performance and synergy progress ahead of schedule. They gave detailed segment outlooks and quantified margin expectations (e.g., Q4 EPS 10-20% higher than Q3).

Q3 2025

Confident Specific

Management uses precise numbers ($1.5 EPS, $1.4B sales, 200% cash conversion, $75M synergies, 14% EBITDA margin, 2.5x leverage) and repeatedly describes the merger as 'transformative', 'greater than the sum of the parts', and 'less cyclical', indicating strong conviction in the strategy and financial targets.

Q4 2025

Confident Vague

Management uses positive language ('outstanding performance', 'excellent quarter', 'pleased') but repeatedly cautions about a 'complex environment with many macroeconomic variables and geopolitical uncertainties' and 'can't disclose too much' on Aerials process.

Q1 2026 latest

Mixed

Management opened with positive language ('off to a good start', 'pleased with performance') but repeatedly emphasized 'prudent to hold outlook' due to macro uncertainty and tariffs, indicating confidence in execution alongside caution on external factors.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis remains largely unchanged after this call: Terex is executing well operationally, with strong backlog and good momentum in resilient end markets (utilities, MP, specialty vehicles). However, management's decision to keep full-year guidance steady despite a Q1 beat and improving bookings signals caution on macro uncertainties and tariff impacts. The REV integration appears on track, and the Aerials divestiture process adds optionality but no timeline. Key items to watch next quarter: any tariff escalation affecting Aerials or other segments, pace of Aerials margin recovery, and progress in reducing Specialty Vehicles backlog to improve lead times. Overall, the thesis is supported by portfolio shift to US-centric businesses, but near-term discretion on guidance suggests investors should expect gradual, not accelerated, upside.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Mixed ↓ Deteriorating 4 quarters Full tone analysis in Intelligence →

📊 MIXED Terex Q1 sales up 41% reported, EPS $0.98, backlog $7.1B.

Revenue & Profitability

Q1 2026 reported revenue was $1.7 billion, up 41% year-over-year (10.8% pro forma). EBITDA margin was 9.9%, down 50 basis points. EPS was $0.98, including a $0.10 one-time tax benefit. Free cash outflow was $57 million. Full-year 2026 guidance: revenue $7.5-$8.1 billion, EBITDA $930 million-$1.0 billion, EPS $4.50-$5.00, and free cash conversion 80-90%.

Outlook

Management sees robust demand in utilities driven by grid investment and data center expansion. Fire and emergency vehicle demand remains strong. Waste and recycling customers expect second-half 2026 demand, including pre-buys ahead of 2027 EPA changes. Aerials is expected to bottom and begin cyclical recovery. Headwinds include macro uncertainty, tariffs (though mostly negligible for the company), and oil price impacts on Europe and Australia.

Growth Drivers

Key growth levers: Terex Utilities ramping capacity to meet strong grid demand; Materials Processing (MP) growing across aggregates, concrete, and material handling; Specialty Vehicles (SV) benefiting from a two-year backlog and high single-digit growth; Aerials seeing strong bookings (132% book-to-bill) and early interest from independent buyers. Pre-buys in waste ahead of 2027 EPA changes also support growth.

Balance Sheet & CapEx

Terex is investing to increase capacity: ladder truck production by 35% at Ocala, Florida; pre-engineered S-180 pumper capacity in South Dakota; 30% more utilities capacity by end of 2026. The company also highlighted digital and aftermarket sales growth. CapEx guidance not explicitly quantified, but investments are focused on production efficiency and lead-time reduction.

Margins

Q1 2026 EBITDA margin was 9.9%, down 50 bps year-over-year due to tariffs and REV integration costs. Environmental Solutions margin was 18% (lower due to mix of higher Utilities volume and lower ESG volume). MP margin improved 310 bps to 15%. SV margin improved 160 bps to 14.2%. Aerials was break even in Q1. Management expects sequential margin improvement in H2 across most segments, with Aerials price-cost neutral for the full year.

Key Risks

Management flagged macro uncertainty, tariff impacts (largely negligible for ES, SV, and MP, but more pronounced for Aerials in Q1), lumpiness in Specialty Vehicles bookings, and potential oil price headwinds affecting Europe and Australia. The Aerials business is cyclical and experienced temporary unfavorable mix in Q1. Geopolitical uncertainty and supply chain disruptions are also cited as ongoing risks.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-30

Q2 saw strong revenue and EBITDA growth, with all segments contributing and bookings up 25% year-over-year. Full-year guidance was raised on the back of robust demand, backlog visibility, and synergy realization, despite tariff headwinds and some segment margin pressures.

Q1 2026 Q1 2026 2026-05-01

Sales rose 41% year-over-year to $1.7B, with strong growth in all segments and a robust $7.1B backlog. 2026 guidance is reaffirmed, targeting 5% sales growth, 12% EBITDA growth, and $4.50–$5.00 EPS, as integration of the REV Group progresses ahead of schedule.

Q4 2025 Q4 2025 2026-02-11

Merger with REV Group completed, driving scale, synergies, and a diversified portfolio. 2025 results met expectations with 6% sales growth and strong cash flow; 2026 guidance calls for 5% sales growth, $930M–$1B EBITDA, and continued margin expansion, with robust backlogs and segment momentum.

Q3 2025 Q3 2025 2025-10-30

Terex and REV Group will merge to form a U.S.-centric specialty equipment leader, targeting $5.8B in revenue, 14% EBITDA margins, and $75M in annual synergies. The combined company will exit the Aerial Segment, reduce cyclicality, and focus on resilient end markets.

Q2 2025 Q2 2025 2025-07-31

Q2 results met expectations with $1.5B sales, 11% margin, and strong free cash flow. ES outperformed, offsetting Aerials' headwinds, and full-year guidance is maintained with higher H2 EPS expected from tariff mitigation and MP margin gains.

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