Equipment maker Terex Q2 sales beat estimates, lifts FY outlook

Overview

• U.S. specialized equipment maker's Q2 sales rose 50.5%, beating analyst expectations

• Adjusted EPS for Q2 was $1.37

• Company raised 2026 outlook on improved backlog and operational momentum

Outlook

• Terex raises 2026 sales outlook to $7.9 bln-$8.2 bln

• Company expects 2026 adjusted EBITDA of $960 mln-$1 bln

• Terex sees 2026 adjusted EPS of $4.70-$5.10

Result Drivers

• SEGMENT GROWTH - Sales increased in all segments, with Materials Processing and Specialty Vehicles highlighted as key contributors

• DEMAND DRIVERS - Increased demand for mobile crushers in the U.S. and higher shipments of fire apparatus and utilities products supported segment growth

• MARGIN PRESSURE - Profitability in some segments was affected by inflation, tariffs, and production ramp-up inefficiencies

Company press release: ID:nPn4zwkkla

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery vehicles peer group is "buy"

• Wall Street's median 12-month price target for Terex Corp is $80.00, about 23.9% above its July 29 closing price of $64.56

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads

• July 28 - Oshkosh Q2 profit beats on improved pricing

• July 28 - Crane Company Q2 sales rise 26%, beat estimates; outlook raised

• July 29 - IDEX lifts annual profit outlook after upbeat second quarter on strong AI data center demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)