Terex Corporation (TEX) Earnings Call Transcripts

Terex Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Terex Corporation (TEX:US) reported strong revenue growth of $1.7 billion, up 41% year-over-year, largely driven by the merger with REV and growth across all legacy segments. Earnings per share (EPS) increased 18% to $0.98, reflecting operational improvements despite tariff headwinds. Management reiterated their full-year guidance, expecting sales growth of 5% on a pro forma basis, with EBITDA projected to grow by approximately $100 million, indicating confidence in the company's trajectory despite ongoing macroeconomic uncertainties.

Reported metrics

Guidance from management

Management reiterated their full-year guidance, expecting sales growth of approximately 5% on a pro forma basis, with EBITDA projected to grow by approximately $100 million to between $930 million and $1 billion.

What management said

Thanks, Jen. We delivered a solid start to 2026 with strength in Materials Processing and Utilities and a strong initial contribution from our new Specialty Vehicle segment. Integration execution is progressing as planned, and we are on track to deliver our synergy commitments. Our portfolio is more resilient and predictable with greater North America exposure and less sensitive to macro volatility and tariff changes...

And Kyle, I forgot to address your question on the tariff piece. From a sequential standpoint, I don't see additional heatewind on our tariffs. The reason why I mentioned that in the press release, it's negligible in the tariff is because the change in the 232 calculation is largely offset by the IPO going away. So for us, for the Aerials business, we do have 6 months of back -- already in our backlog, and we can see...

What analysts pressed on

Analysts expressed concerns about the decision to maintain guidance despite strong Q1 results, questioning if this was due to macroeconomic uncertainties or conservatism. There were inquiries about the impact of tariffs and inflation on margins and overall performance going forward.

Main topics on the call

• Revenue Growth Acceleration — Terex experienced a significant revenue increase of 41% year-over-year, reaching $1.7 billion. Management noted, "We grew sales by 11% on a pro forma basis, including growth in all 4 segments, led by Specialty Vehicles, ...
• Strong Backlog and Bookings — The company reported a backlog of $7.1 billion, with strong bookings trends particularly in Materials Processing and Terex Utilities. Simon Meester stated, "We see good momentum across the board," indicating a positive o...
• Integration Progress and Synergies — Management highlighted that the integration of REV is on track, with expected synergies of approximately $28 million in 2026. Meester mentioned, "We are on track to realize approximately $28 million in 2026 by eliminatin...
• Conservative Guidance Maintenance — Despite strong Q1 results, management chose to maintain their full-year guidance, citing macroeconomic uncertainties. Meester noted, "We believe that at this point, it's most prudent to confirm the outlook that we said i...

Read the full Terex Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 54 Terex Corporation earnings call transcripts on record, spanning February 14, 2020 to October 28, 2026. Based on this history, Terex Corporation reports quarterly. The most recent call on file is dated October 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TEX

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

54

First call

February 14, 2020

Most recent

October 28, 2026

Reporting cadence

quarterly