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

Terex (NYSE:TEX) posted its earnings results on Friday. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20, Briefing.com reports. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. 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 Stock Performance

TEX opened at $61.96 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.26 and a beta of 1.57. Terex has a 52-week low of $37.94 and a 52-week high of $71.50. The firm’s fifty day simple moving average is $62.01 and its two-hundred day simple moving average is $57.09.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s dividend payout ratio (DPR) is presently 20.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TEX shares. Truist Financial lifted their target price on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $83.00 target price on shares of Terex in a report on Tuesday, February 17th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Robert W. Baird set a $100.00 price objective on shares of Terex in a research report on Thursday, February 12th. Finally, Citigroup raised shares of Terex from a “neutral” rating to a “buy” rating and increased their price objective for the company from $73.00 to $75.00 in a report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Terex currently has an average rating of “Moderate Buy” and a consensus target price of $70.73.

Insider Transactions at Terex

In other Terex 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 transaction, the insider directly owned 173,495 shares of the company’s stock, valued at $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terex

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the last quarter. Strs Ohio acquired a new stake in Terex during the 1st quarter worth $30,000. UMB Bank n.a. boosted its stake in 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 purchasing an additional 189 shares during the last quarter. Quarry LP acquired a new stake in Terex during the 4th quarter worth $88,000. Finally, Empowered Funds LLC acquired a new stake in Terex during the 4th quarter worth $108,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex News Roundup

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

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.