Terex (TEX)
NYSE:TEX
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Earnings Data
Report Date
Aug 04, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.29Last Year’s EPS
1.49Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showed strong operational momentum: double-digit pro forma/top-line growth, segment-level margin expansion (notably in Materials Processing and Specialty Vehicles), robust bookings and a $7.1 billion backlog. Integration of REV is progressing with near-term synergies confirmed and capacity investments underway in Utilities. Key challenges include tariff-related margin pressure (notably in Aerials), seasonal cash outflows, share count dilution and some near-term cost inflation risks (freight). Management reiterated the full-year guidance prudently given macro and tariff uncertainty. On balance, the positives — broadened revenue base, improving margins in core growth segments, backlog/bookings strength and synergy execution — outweigh the near-term headwinds.Company Guidance
Top-Line Growth and Revenue Mix
Q1 sales of $1.7 billion, up $505 million or 41% YoY on a reported basis (driven by the REV merger); pro forma revenue growth of ~10.8% (CEO cited 11%). Management notes ~80% of 2025 pro forma revenue generated in North America, with ~85% manufactured in the U.S., improving portfolio resilience.
Earnings and EPS Progress
Reported EPS of $0.98 for Q1, representing an 18% YoY increase; operational EPS improved ~$0.05 versus prior year. Q1 included ~ $0.10 of one-time tax benefit (Q1 ETR 11% vs expected full-year 21%).
Strong Bookings and Backlog
Company-wide Q1 pro forma bookings of $2.1 billion representing a 109% book-to-bill and quarter-end backlog of $7.1 billion, providing forward visibility across segments (notably Materials Processing, Aerials and Terex Utilities).
Specialty Vehicles: Rapid Contribution Post-Merger
Specialty Vehicles grew ~20% YoY in the two-month post-close period (Feb–Mar), generated ~$436 million in Feb–Mar revenue, and improved EBITDA margin by 160 basis points to 14.2%. Management expects high-single-digit sales growth for full year with continued margin expansion.
Materials Processing (MP) Outperformance
MP sales of $419 million, up 18.3% YoY on a pro forma basis (12% ex-FX). MP EBITDA margin expanded to 15%, a 310 basis-point improvement YoY, driven by higher volume, efficiency and pricing actions; backlog up 53% YoY to $594 million.
Aerials Bookings Momentum and Backlog
Aerials (Arris) achieved a 132% book-to-bill in the quarter, generating a ~$1 billion backlog; quarterly sales of $469 million (up 4.2% YoY). Management expects sequential margin recovery in Q2–Q3 and full-year price/cost neutrality despite tariffs.
Environmental Solutions / Utilities Strength and Capacity Investments
Environmental Solutions sales up 3.3% driven by Terex Utilities ramp; Q1 EBITDA margin of 18%. Management is increasing ladder truck capacity by 35% at Ocala and adding capacity in South Dakota for S-180 pumpers; targeting ~30% more Utilities capacity by end of next year.
Integration & Synergy Progress (REV & ESG)
REV integration on plan with all work streams at or ahead of schedule. On track to realize ~$28 million of synergies in 2026 and targeting a $75 million run-rate within 24 months. Prior ESG integration completed ahead of schedule and within budget with synergies above target.
Balance Sheet / Working Capital Improvements
Net working capital improved to 16.7% of sales vs 26% a year ago. Net leverage reduced to ~2.4x. Guidance expects interest & other expense ~ $190 million and full-year free cash conversion of 80%–90% of net income.
Reaffirmed 2026 Guidance
Management reiterated full-year 2026 outlook: pro forma sales growth of ~5% to $7.5–$8.1 billion; pro forma EBITDA up ~ $100 million (to $930M–$1.0B) implying ~12.4% EBITDA margin at midpoint; EPS guidance $4.50–$5.00 (share count Q2–Q4 ~115M).
TEX Earnings History
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 |
|---|---|---|---|
May 01, 2026 | $62.20 | $61.87 | -0.53% |
Feb 11, 2026 | $59.11 | $68.90 | +16.57% |
Oct 30, 2025 | $55.63 | $46.89 | -15.70% |
Jul 31, 2025 | $49.30 | $50.36 | +2.15% |
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 Aug 04, 2026, TBA (Confirmed).
What is Terex (TEX) earnings time?
Terex (TEX) earnings time is at Aug 04, 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 (Q2) is 1.29.