Q1 2026 Terex Corp Earnings Call Transcript
Key Points
- Terex Corp (TEX) reported an 11% sales growth on a pro forma basis, with all four segments showing growth, particularly Specialty Vehicles with a 20% increase.
- The company achieved an 18% year-over-year increase in EPS, reaching $0.98, indicating strong financial performance.
- Terex Corp (TEX) has a robust backlog of $7.1 billion, providing good forward visibility and aligning with their expectations for the year.
- The integration of REV is progressing well, with synergies on track to realize approximately $28 million in 2026 and a $75 million run rate within 24 months.
- The company has strategically shifted its portfolio to focus more on US-based resilient sectors, reducing exposure to global macro dynamics and trade policy.
- The Q1 EBITDA margin decreased by 50 basis points to 9.9%, primarily due to tariffs that were not in effect in the prior year.
- Free cash outflow was $57 million in the quarter, consistent with the previous year, indicating ongoing cash flow challenges.
- Aerials segment faced a breakeven EBITDA due to seasonal low volume and tariffs, with some temporary unfavorable mix.
- The company is operating in a complex environment with macroeconomic variables and political uncertainties, which could impact future results.
- Despite strong Q1 performance, Terex Corp (TEX) chose to hold its full-year guidance constant, reflecting caution due to macro and tariff uncertainties.
Greetings, and welcome to the Terex's first-quarter 2026 results conference call. (Operator Instructions) As a reminder, this conference call is being recorded.
It is now my pleasure to introduce your host, Derek Everitt, Vice President, Investor Relations. Derek, please go ahead.
Good morning, and welcome to the Terex first-quarter 2026 Earnings Conference Call. A copy of the press release and presentation slides are posted on our Investor Relations website at investors.terex.com. In addition, the replay and slide presentation will be available on our website. We are joined today by Simon Meester, President and Chief Executive Officer; and Jennifer Kong, Senior Vice President and Chief Financial Officer. Their prepared remarks will be followed by a Q&A.
Please turn to slide 2 of the presentation, which reflects our safe harbor statement. Today's conference call contains forward-looking statements, which are subject to risks that could cause actual results to be materially
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
