Terex

TEX Q2 2025 Earnings

Reported Aug 4, 2025 at 1:08 PM ET · SEC Source

Q2 25 EPS

$1.49

BEAT +6.46%

Est. $1.40

Q2 25 Revenue

$1.50B

BEAT +4.45%

Est. $1.44B

vs S&P Since Q2 25

+30.5%

BEATING MARKET

TEX +46.6% vs S&P +16.1%

Market Reaction

Did TEX Beat Earnings? Q2 2025 Results

Terex Corporation delivered a solid second-quarter beat on both the top and bottom lines, posting adjusted EPS of $1.49 against a consensus estimate of $1.40, a 6.46% beat, while revenue climbed 8.6% year-over-year to $1.50 billion, clearing Wall Str… Read more Terex Corporation delivered a solid second-quarter beat on both the top and bottom lines, posting adjusted EPS of $1.49 against a consensus estimate of $1.40, a 6.46% beat, while revenue climbed 8.6% year-over-year to $1.50 billion, clearing Wall Street's $1.44 billion forecast by 4.45%. The clearest driver of the upside was the Environmental Solutions segment, which generated $430.00 million in sales with 19.1% operating margins and pro forma growth of 12.9%, as synergies from the ESG acquisition ran ahead of initial targets and cross-selling wins, including an 80-plus unit bucket truck order, validated the strategic rationale of the deal. The results came despite a 310-basis-point year-over-year compression in consolidated operating margins to 11.0%, with the Aerials segment facing roughly 200 basis points of margin pressure from an unfavorable shift toward national accounts. Terex maintained its full-year EPS guidance of $4.70 to $5.10 and revenue outlook of $5.30 billion to $5.50 billion, with management noting that Q4 EPS is expected to exceed Q3 as tariff mitigation accelerates and Materials Processing margins improve.

Key Takeaways

  • Strong Environmental Solutions performance with 12.9% pro forma revenue growth and 19.1% operating margin offset Aerials headwinds
  • Free cash flow of $78 million improved $35 million year-over-year despite lower earnings due to better working capital
  • ESG synergies running ahead of initial targets across sourcing, digital platforms, and cross-selling
  • National rental customer strength offset independent rental customer capex caution in Aerials
  • MP sequential margin improvement of 270 basis points driven by aggregates vertical
  • Bookings grew 19% year-over-year on a pro forma basis with Aerials up 70% and MP up 24%
24/7 Wall St

TEX YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

TEX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“The power of our evolving portfolio was evident in the quarter as strong performance in Environmental Solutions offset industry-wide headwinds in Aerials. Materials Processing executed well, delivering strong sequential growth and margin improvement.”

— Simon Meester, Q2 2025 Earnings Press Release