Terex Corp
F:TXG

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Terex Corp
F:TXG
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Price: 55.5 EUR -5.93% Market Closed
Market Cap: €3.7B

Terex Corp
Investor Relations

Terex makes heavy equipment used on job sites and in industrial yards. Its machines include aerial lifts and work platforms, cranes and lifting gear, and equipment that crushes, screens, moves, and recycles rock, soil, and waste. Buyers use this equipment to build roads, buildings, utilities, mines, quarries, recycling plants, and municipal operations. The company sells mainly to construction firms, rental companies, material processors, utilities, and local governments, usually through dealers and direct sales teams. Most of its money comes from selling new equipment, with additional income from replacement parts, service, and support for the machines after delivery. That after-sales business matters because these are durable machines that need maintenance and repairs. Terex sits in the middle of the industrial equipment value chain: it does not build the projects itself, but it supplies the machines that make those projects possible. Its business depends more on equipment cycles, infrastructure spending, and fleet replacement than on everyday consumer demand. Brands like Genie help it stand out in aerial lifts, while its other lines cover the rough, dirty work of moving and processing materials.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Raise: Terex raised full-year 2026 guidance after a strong second quarter, now targeting sales of $7.9 billion to $8.2 billion, adjusted EBITDA of $960 million to $1 billion, and adjusted EPS of $4.70 to $5.10.

Demand: Management said demand is positive and improving across many markets, helped by data centers, energy, civil infrastructure, utilities, and municipal replacement needs.

Margins: Second-quarter adjusted EBITDA margin reached 12%, with gains in Materials Processing and Specialty Vehicles partly offset by tariff pressure and mix issues in Aerials and Environmental Solutions.

Backlog: Bookings rose 25% year over year and backlog finished at $6.9 billion, giving management confidence in the second half and the raised outlook.

Strategy: The REV integration is progressing well, synergies are on track, and the company continues to review strategic options for Aerials with interest from multiple parties.

Segment mix: Environmental Solutions is seeing utility strength offset temporary refuse softness, while Aerials benefited from national account demand and Materials Processing posted broad-based growth.

Key Financials
Revenue
$2.24 billion
Adjusted EBITDA
$269 million
Adjusted EBITDA margin
12%
Adjusted EPS
$1.37
Bookings
$2 billion
Backlog
$6.9 billion
Net working capital
13.2% of sales
Operating cash flow
$128 million
Free cash flow
$101 million
Net debt
$2.28 billion
Cash on hand
$407 million
Net leverage
2.3x net debt to 12-month adjusted EBITDA
Sales
$7.9 billion to $8.2 billion
Pro forma EBITDA
$960 million to $1 billion
Interest and other expenses
approximately $185 million
Effective tax rate
21%
Shares outstanding
approximately 114 million
Environmental Solutions sales
$456 million
Environmental Solutions adjusted EBITDA margin
17.5%
Materials Processing sales
$464 million
Materials Processing adjusted EBITDA margin
18.8%
Specialty Vehicles sales
$650 million
Specialty Vehicles adjusted EBITDA margin
14.5%
Aerials sales
$673 million
Aerials adjusted EBITDA margin
5.7%
Environmental Solutions bookings
$417 million
Materials Processing bookings
$469 million
Materials Processing backlog
$599 million
Specialty Vehicles bookings
$588 million
Aerials bookings
$530 million
Aerials backlog
$914 million
Synergies
$28 million
Other Earnings Calls

Management

Mr. Simon A. Meester
President, CEO & Director
No Bio Available
Mr. Scott J. Posner
Senior VP, General Counsel & Secretary
No Bio Available
Mr. Kieran Hegarty
President of Terex Materials Processing
No Bio Available
Mr. Stephen A. Johnston
Chief Accounting Officer, VP & Controller
No Bio Available
Ms. Stacey Babson Kaplan
Senior VP, Chief Sustainability & Compliance Officer
No Bio Available
Mr. R. Mark Cox
Senior Vice President of Corporate Development
No Bio Available
Ms. Amy J. George
Senior VP of Human Resources & Chief Human Resources Officer
No Bio Available
Mr. Ramon Oliu Jr.
Chief Risk Officer of Finance
No Bio Available
Mr. Joshua Gross
President of Genie
No Bio Available
Mr. Aroon Sehgal
Senior VP & Chief Digital Officer
No Bio Available

Contacts

Address
CONNECTICUT
Norwalk
45 Glover Avenue, 4Th Floor
Contacts
+12032227170.0
www.terex.com
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