TEX Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Terex closed out 2025 with a mixed but broadly constructive fourth quarter, posting adjusted EPS of $1.12 against a $1.13 consensus estimate, a narrow miss of 0.88%, while revenue of $1.32 billion edged 1.22% above expectations and grew 6.2% year-ove… Read more Terex closed out 2025 with a mixed but broadly constructive fourth quarter, posting adjusted EPS of $1.12 against a $1.13 consensus estimate, a narrow miss of 0.88%, while revenue of $1.32 billion edged 1.22% above expectations and grew 6.2% year-over-year, underscoring the scale benefits of the recently integrated Environmental Solutions Group. The quarter's headline story was a surge in bookings, which climbed 32% year-over-year on a pro forma basis to $1.90 billion, generating a book-to-bill ratio of 145% and signaling durable demand heading into the new year. Aerials, however, remained a pressure point, with adjusted operating margins compressed to just 2.6% as expanded Section 232 tariffs proved difficult to fully offset. With the REV Group merger now adding a fourth Specialty Vehicles segment, Terex guided 2026 net sales to a range of $7.50 billion to $8.10 billion, with adjusted EPS of $4.50 to $5.00, though analysts are weighing whether the raised outlook reflects genuine momentum or late-cycle optimism against an uncertain tariff backdrop.