Terex Corp
XMUN:TXG

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Terex Corp Logo
Terex Corp
XMUN:TXG
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Price: 54.22 EUR -0.62%
Market Cap: €3.6B

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
Q1 2026
Call Date
May 1, 2026
AI Summary
Q1 2026

Solid start: Terex said Q1 was in line with expectations, with sales up to $1.7 billion and EPS of $0.98, helped by the REV merger and growth across all legacy segments.

Guidance held: Management reaffirmed full-year 2026 guidance, saying the decision was more about discipline and uncertainty around macro conditions and tariffs than any change in the business outlook.

Backlog strong: Pro forma bookings were $2.1 billion, backlog rose to $7.1 billion, and management said that gives good visibility for the rest of the year.

Integration on track: The REV integration is progressing as planned, with Terex expecting about $28 million of synergies in 2026 and a $75 million run rate within 24 months.

End markets healthy: Utilities, Materials Processing, fire and emergency vehicles, and Aerials all saw encouraging demand trends, while Aerials is being reviewed in a strategic process with multiple interested parties.

Key Financials
Sales
$1.7 billion
EPS
$0.98
EBITA margin
9.9%
Pro forma bookings
$2.1 billion
Backlog
$7.1 billion
Free cash outflow
$57 million
Net working capital as a percentage of sales
16.7%
Net leverage ratio
2.4x
Interest and other expenses
$44 million
Effective tax rate
11%
Environmental Solutions sales growth
3.3%
Environmental Solutions EBITDA margin
18%
Materials Processing sales
$419 million
Materials Processing EBITDA margin
15%
Specialty Vehicles revenue
$436 million
Specialty Vehicles EBITDA margin
14.2%
Aerials sales
$469 million
Aerials bookings
$620 million
Aerials backlog
$1 billion
Aerials book-to-bill
132%
Synergies
$28 million in 2026
2026 revenue outlook
$7.5 billion to $8.1 billion
2026 EBITDA outlook
$930 million to $1 billion
Earnings Call Recording
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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