Terex (TEX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

TBA (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.8

Last Year’s EPS

0.83

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 7 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 11, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call struck a constructive and positive tone: management highlighted a successful merger with REV Group that meaningfully strengthens scale and recurring earnings, material synergies ($75M target) and immediate integration progress, strong bookings and backlog across segments, improved free cash flow and cash conversion, and a pro forma 2026 outlook with revenue and EBITDA growth. Key challenges remain—legacy sales declines, tariff impacts (notably on Aerials), higher interest expense from recent acquisitions, modest near-term EPS dilution, and commodity/timing risks tied to long specialty vehicle backlogs—but management presented concrete mitigation plans (synergies, productivity, pricing, capacity expansion, hedges). On balance, the positives around strategic transformation, cash generation, bookings momentum and guided pro forma growth outweigh the manageable headwinds, assuming continued execution.

Company Guidance

Management guided 2026 on a pro forma basis to roughly 5% sales growth to $7.5–$8.1 billion and pro forma EBITDA up about $100 million to $930–$1,000 million (≈12.4% EBITDA margin at the midpoint), which includes roughly $28 million of synergies in 2026 toward a $75 million run‑rate by 2028; interest and other expense is expected at ≈$190 million (based on average debt of ~$2.7 billion), the effective tax rate ≈21%, EPS $4.50–$5.00 (modestly dilutive by ~3% with a weighted‑average share count of ~111 million / full‑year ~115 million), about 15% of full‑year EPS in Q1, and anticipated cash conversion of 80–90% of net income (including transaction and synergy costs) with net leverage improving over the year. Segment outlooks: Environmental Solutions mid‑single‑digit growth (Q4 ES sales $428M, FY ES sales ~$1.7B, Q4 ES op margin 18.5% / FY 18.8%, ES backlog ~$1.1B; ESG expected roughly flat), Materials Processing to inflect to high‑single‑digit growth (Q4 MP sales $428M, Q4 MP margin 13.7%, FY MP down 11.6% but backlog +$71M), Specialty Vehicles (new reportable segment) to grow high‑single‑digits from a pro‑forma ~$2.2B with roughly two years of backlog and meaningful margin improvement versus a prior‑year pro‑forma ~12.5% EBITDA margin, and Aerials to be roughly flat in sales and margins (Q4 bookings ~$971M, backlog ~$906M).

Completed Merger with REV Group

Closed merger with REV Group, adding ~ $2.5 billion of revenue and ~$230 million of adjusted EBITDA (most from low-cyclic end markets). Created a new specialty vehicle segment and expect $75 million run-rate synergies (roughly half to be delivered within 12 months and full amount by 2028). Included ~$28 million of synergies in the 2026 EBITDA outlook.

2025 Financial Performance and Cash Generation

Delivered 2025 EPS of $4.93 (in line with guidance), EBITDA of $635 million (11.7%), free cash flow of $325 million (up 71% YoY) and cash conversion of 147%. Q4 EPS $1.12 (up $0.35 YoY), Q4 EBITDA $141 million (10.6% of sales) and Q4 free cash flow $172 million (up $43 million YoY).

Strong Bookings and Backlog Across Segments

Company-wide Q4 bookings of $1.9 billion, up 32% YoY (pro forma). Aerials bookings ~$971 million, up 46% YoY; ES bookings grew 16% YoY in Q4; MP bookings up 24% YoY (32% excl. divested clean businesses). Environmental solutions backlog ~$1.1 billion; Aerials backlog ~$906 million.

Environmental Solutions Outperformance

ES Q4 sales $428 million, up 14.1% YoY (pro forma); full-year ES sales +12.7% pro forma to $1.7 billion. Q4 operating margin 18.5% (+90 bps YoY); full-year ES margin 18.8% (+220 bps pro forma). Strong utility and refuse truck demand and digital/waste solutions momentum.

Materials Processing Margin Recovery and Bookings

MP Q4 operating margin improved to 13.7% (highest of 2025) with Q4 sales of $428 million (down 2.5% YoY, but +2.8% excl. divested clean businesses). MP bookings increased 24% YoY (32% excl. divested), with backlog up $71 million ($100 million adjusted), setting up positive momentum for 2026.

2026 Pro Forma Outlook (Growth and Profitability)

Guidance expects 2026 pro forma sales ~5% higher to $7.5–$8.1 billion and pro forma EBITDA to grow ≈$100 million (≈12% YoY) to $930 million–$1.0 billion (≈12.4% margin at midpoint). EPS guidance $4.50–$5.00 (includes ~3% dilution from the merger).

Capital Allocation and Balance Sheet Discipline

2025 CapEx ~$118 million focused on automation/throughput; returned $98 million to shareholders (dividends and buybacks). Merger structured to maintain a strong balance sheet and flexibility; net leverage expected to improve during 2026. Average debt outstanding guidance ~ $2.7 billion with interest/other ~ $190 million for 2026 (pro forma).

Operational Actions: Capacity and Hedging

Announced ~20–30% capacity expansion in utilities (Waukesha) over next two years (roughly half coming online in 2026). Steel/HRC exposure: Q1–Q2 consumption hedged at 10–15% below forward prices to mitigate raw material risk.

Terex (TEX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TEX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	0.80 / -	0.83	―	―	―
Feb 11, 2026	2025 (Q4)	1.14 / 1.12	0.77	45.45% (+0.35)
Oct 30, 2025	2025 (Q3)	1.21 / 1.50	1.46	2.74% (+0.04)		―
Jul 31, 2025	2025 (Q2)	1.40 / 1.49	2.16	-31.02% (-0.67)
May 02, 2025	2025 (Q1)	0.53 / 0.83	1.6	-48.13% (-0.77)
Feb 06, 2025	2024 (Q4)	0.73 / 0.77	1.41	-45.39% (-0.64)
Oct 30, 2024	2024 (Q3)	1.31 / 1.46	1.75	-16.57% (-0.29)
Jul 30, 2024	2024 (Q2)	2.07 / 2.16	2.35	-8.09% (-0.19)
Apr 25, 2024	2024 (Q1)	1.37 / 1.60	1.6	0.00% (0.00)
Feb 08, 2024	2023 (Q4)	1.40 / 1.41	1.34	5.22% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TEX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 11, 2026	$59.26	$69.08	+16.57%
Oct 30, 2025	$55.77	$47.02	-15.70%
Jul 31, 2025	$49.43	$50.49	+2.15%
May 02, 2025	$36.00	$39.40	+9.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Terex (TEX) report earnings?

Terex (TEX) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).

What is Terex (TEX) earnings time?

Terex (TEX) earnings time is at Apr 30, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TEX EPS forecast?

TEX EPS forecast for the fiscal quarter 2026 (Q1) is 0.8.