Earnings summaries and quarterly performance for TEREX.
Executive leadership at TEREX.
Simon Meester
Detailed
President and Chief Executive Officer
CEO
AG
Amy George
Detailed
Senior Vice President Human Resources, Chief Human Resources Officer
JK
Jennifer Kong-Picarello
Detailed
Senior Vice President and Chief Financial Officer
JG
Joshua Gross
Detailed
President, Aerials
KH
Kieran Hegarty
Detailed
President, Materials Processing
PC
Patrick Carroll
Detailed
President, Environmental Solutions
SP
Scott Posner
Detailed
Senior Vice President, General Counsel and Secretary
Board of directors at TEREX.
Research analysts who have asked questions during TEREX earnings calls.
Kyle Menges
Citigroup
4 questions for TEX
Also covers: AGCO, ALH, ALSN +11 more
AC
Angel Castillo Malpica
Morgan Stanley
3 questions for TEX
Also covers: AGCO, ALSN, CAT +15 more
DR
David Raso
Evercore ISI
3 questions for TEX
Also covers: CAT, CMI, CNH +11 more
JR
Jerry Revich
Goldman Sachs Group Inc.
3 questions for TEX
Also covers: AGCO, ALSN, ATMU +28 more
MD
Mircea Dobre
Robert W. Baird & Co.
3 questions for TEX
Also covers: AGCO, ALG, ASTE +15 more
TZ
Tami Zakaria
JPMorgan Chase & Co.
3 questions for TEX
Also covers: ADM, AGCO, ALSN +23 more
Jamie Cook
Truist Securities
2 questions for TEX
Also covers: ACM, AGCO, AME +17 more
SV
Stephen Volkmann
Jefferies
2 questions for TEX
Also covers: AGCO, CARR, CAT +20 more
SB
Steve Barger
KeyBanc Capital Markets Inc.
2 questions for TEX
Also covers: AEIS, AME, AMKR +12 more
TT
Timothy Thein
Raymond James
2 questions for TEX
Also covers: AGCO, ALSN, CAT +14 more
Michael Feniger
Bank of America
1 question for TEX
Also covers: ACM, AGCO, CAT +11 more
SF
Steven Fisher
UBS
1 question for TEX
Also covers: ACM, AGCO, BBCP +22 more
TT
Tim Thein
Raymond James Financial
1 question for TEX
Also covers: AGCO, ALSN, CMI +9 more
Recent press releases and 8-K filings for TEX.
Terex Completes Sale of Tower and Rough Terrain Cranes Businesses
TEX
M&A
- Terex Corporation (NYSE: TEX) completed the sale of its Terex® Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA on November 3, 2025.
- The divestiture includes manufacturing operations in Fontanafredda and Crespellano, Italy, and the Terex North America Cranes service and support operation in Wilmington, North Carolina.
- This strategic move aligns with Terex's focus on reducing cyclicality and accelerating the Company's growth.
Nov 3, 2025, 1:00 PM
Terex Corporation and REV Group Announce Merger and Terex's Plan to Exit Aerial Work Platforms Segment
TEX
M&A
Earnings
Guidance Update
- Terex Corporation and REV Group have entered into a definitive agreement to merge in a stock and cash transaction, with Terex shareholders owning 58% and REV Group shareholders 42% of the combined company, and REV Group shareholders receiving $425 million in cash consideration. The merger is expected to close in the first half of 2026.
- The combined company anticipates at least $75 million in annual synergies, with approximately half of this run rate expected within the first 12 months.
- Terex plans to exit its Aerial Work Platforms segment, evaluating a potential sale or spinoff to significantly reduce exposure to cyclical end markets.
- On a pro forma basis for fiscal 2025, the merged company is expected to achieve a mid-teens adjusted EBITDA margin , approximately 14% after the AWP exit and synergies, with $5.8 billion in revenue and approximately 85% cash conversion.
- For Q3 2025, Terex reported $1.50 of EPS on $1.4 billion in sales with a 200% cash conversion, and is maintaining its full-year outlook.
Oct 30, 2025, 12:30 PM
Terex Corporation and REV Group Announce Merger and Strategic Aerial Segment Exit
TEX
M&A
New Projects/Investments
Guidance Update
- Terex Corporation and REV Group have entered into a definitive agreement to merge in a stock and cash transaction.
- Upon closing, Terex shareholders will own 58% and REV shareholders 42% of the combined company, with REV shareholders also receiving $425 million in cash consideration.
- The combined company, which will trade on the NYSE under the ticker TEX, expects to achieve at least $75 million in annual synergies and is projected to have a mid-teens adjusted EBITDA earnings profile in fiscal 2025 on a pro forma basis.
- Terex also announced its intention to exit its aerial segment through a potential sale or spinoff, aiming to reduce exposure to cyclical end markets.
- The merger is expected to be completed in the first half of 2026, subject to customary closing conditions.
Oct 30, 2025, 12:30 PM
Terex and REV Group to Merge
TEX
M&A
New Projects/Investments
Guidance Update
Oct 30, 2025, 12:30 PM
Terex Reports Q3 2025 Financial Results and Reaffirms FY Outlook
TEX
Earnings
Guidance Update
New Projects/Investments
- Terex reported Q3 2025 Net Sales of $1,387 million, an increase from $1,212 million in Q3 2024, with Adjusted Earnings per Share of $1.50, up from $1.46 in the prior year period.
- The company generated Free Cash Flow of $130 million in Q3 2025, significantly higher than $88 million in Q3 2024, achieving a Free Cash Flow Conversion of 200%.
- Terex is maintaining its 2025 full-year Adjusted EPS outlook of $4.70 - $5.10 and projects Net Sales between $5,300 million and $5,500 million.
- Segment performance in Q3 2025 saw Environmental Solutions sales grow by 13.6% to $435 million, while Aerials and Material Processing sales declined. Aerials bookings were 2.5x the prior year, and MP bookings were up 53%.
- The company continues to invest in growth with $24 million in capital expenditures and returned value to shareholders through $12 million in dividends paid and has $183 million available for future share repurchases.
Oct 30, 2025, 12:30 PM
Terex and REV Group Announce Merger
TEX
M&A
New Projects/Investments
Guidance Update
- Terex Corporation and REV Group announced a strategic merger in a stock and cash transaction on October 30, 2025, creating a combined entity with an estimated equity value of ~$7 billion and an enterprise value of ~$9 billion at announcement.
- REV shareholders will receive 0.9809 Terex shares and $8.71 in cash per REV share, with Terex shareholders owning 58% and REV shareholders 42% of the combined company, which will trade as 'TEX'.
- The merger is expected to yield $75 million in run-rate synergies by 2028. Pro forma for 2025E, and excluding the Aerials segment, the combined company is projected to achieve $5.8 billion in sales, a 14% Adjusted EBITDA Margin, and 89% Adjusted Free Cash Flow Conversion, including synergies.
- Terex plans to exit its Aerials segment through a potential sale or spin-off, aligning with a focus on core growth areas with low cyclicality and attractive margins.
- The transaction, unanimously approved by both Boards, is anticipated to close in H1 2026 and will see Simon Meester serve as CEO of the combined company.
Oct 30, 2025, 12:30 PM
Terex Reports Third Quarter 2025 Results
TEX
Earnings
Guidance Update
Demand Weakening
- Terex reported net sales of $1.4 billion for the third quarter of 2025, marking a 14.4% increase compared to the third quarter of 2024.
- The company's GAAP diluted EPS for Q3 2025 was $0.98, while adjusted diluted EPS reached $1.50.
- Free cash flow for Q3 2025 was $130 million, with a cash conversion of 200%.
- Terex is maintaining its full-year adjusted EPS outlook of $4.70 to $5.10.
- Bookings for Q3 2025 totaled $1 billion, representing a 57% year-over-year increase on a pro forma basis.
Oct 30, 2025, 11:34 AM
Terex and REV Group announce strategic merger and Terex plans to exit Aerials segment
TEX
M&A
CEO Change
Board Change
- Terex Corporation and REV Group have entered into a definitive merger agreement to create a leading specialty equipment manufacturer.
- REV Group shareholders will receive 0.9809 shares of Terex Common Stock and $8.71 in cash for each share of REV Group Common Stock.
- The merger is expected to generate $75 million of run-rate synergies by 2028, with approximately 50% achieved within 12 months of closing.
- Terex plans to exit its Aerials segment through a potential sale or spin-off, aiming to reduce its exposure to cyclical markets.
- The combined company will be led by Simon Meester as President & Chief Executive Officer and the transaction is expected to close in H1 2026.
Oct 30, 2025, 11:28 AM
Terex and REV Group Announce Strategic Merger
TEX
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Terex Corporation and REV Group have entered into a definitive merger agreement to create a leading specialty equipment manufacturer through a stock and cash transaction.
- REV Group shareholders will receive 0.9809 of a combined company share and $8.71 in cash for each share. Upon closing, Terex shareholders will own approximately 58% and REV Group shareholders approximately 42% of the combined company.
- The merger is anticipated to unlock $75 million in run-rate synergies by 2028, with approximately 50% achieved within 12 months after closing.
- The combined company is projected to have approximately $7.8 billion in net sales and an Adjusted EBITDA margin of approximately 11% as of year-end 2025 (excluding synergies).
- Terex also announced its intention to pursue strategic options to exit its Aerials segment.
Oct 30, 2025, 11:00 AM
Terex Announces Merger with REV Group and Plans to Exit Aerial Segment
TEX
M&A
Guidance Update
New Projects/Investments
- Terex and REV Group have entered into a definitive agreement to merge in a stock and cash transaction, with Terex shareholders owning 58% and REV Group shareholders 42% of the combined company, and REV shareholders receiving an additional $425 million in cash consideration. The merger is expected to be completed in the first half of 2026.
- The combined company anticipates achieving at least $75 million in annual synergies.
- Terex announced its intention to exit its Aerial Segment through a potential sale or spinoff, aiming to significantly reduce its exposure to cyclical end markets.
- On a pro forma basis, after the Aerial Segment exit and considering synergies, the merged company is expected to have $5.8 billion in revenue, an EBITDA margin of about 14%, and a cash conversion of approximately 85%.
- For Q3 2025, Terex reported $1.50 of EPS on sales of $1.4 billion, with a cash conversion of 200%, and maintained its full-year outlook.
Oct 30, 2025, 11:00 AM
Quarterly earnings call transcripts for TEREX.
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