Terex (TEX) Tops Q4 EPS by 1c, Misses on Revenue; Offers Guidance

Terex (NYSE: TEX) reported Q4 EPS of $1.12, $0.01 better than the analyst estimate of $1.11. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.31 billion.

2026 Outlook

With strong Q4 bookings and backlog in every segment we expect 2026 sales to grow ~5% on a pro forma13 basis to $7.5 to $8.1 billion. We expect pro forma13 EBITDA to grow by ~$100 million or ~12% YOY to between $930 million and $1 billion, or 12.4% EBITDA margin at the mid-point. The EPS outlook includes the following assumptions/commentary:

11 months impact of the new Specialty Vehicle segment (former REV)
~$28 million of realized synergies for 2026, on-target to achieving a $75 million annual run-rate within 2 years
Excludes the divested MP cranes and Midwest RV business results
Current tariff rates to stay as-is, 12 month impact in 2026 vs. partial impact in 2025
Interest of ~$190 million, consistent with pro-forma 2025
Higher effective tax rate of ~21%
Dilution of 3% due to the higher number of shares outstanding at 111 million for 2026

For earnings history and earnings-related data on Terex (TEX) click here.

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