New York, Feb 12, 2026, 08:54 EST — Premarket
- Terex climbed 2.1% to $70.50 ahead of the bell, after a 16.6% surge at Wednesday’s close.
- The company is projecting 2026 sales in the $7.5 billion to $8.1 billion range, with EBITDA targeted between $930 million and $1.0 billion. It pointed to REV integration and expected synergy benefits as drivers.
- Terex set its quarterly dividend at $0.17, with shareholders on record by March 6 eligible for payment on March 19.
Terex Corp climbed 2.1% to $70.50 in premarket action Thursday, adding to Wednesday’s 16.6% surge. Shares finished at $69.08, hitting $69.65 during the day, which matched the high mark for its 52-week range.
Investors are parsing Terex’s first full-year forecast since the REV Group acquisition, with orders jumping sharply. The company cited robust backlog across its divisions.
Why it matters now: Terex is betting on a broader lineup — think environmental, utilities, specialty vehicles — just as manufacturers wrestle with unpredictable trade policy and tariffs. The 2026 outlook? It’s built on tariffs not budging from current levels.
Terex turned in fourth-quarter net sales of $1.3 billion, a 6.2% climb from the prior year, with adjusted earnings landing at $1.12 per share. Revenue narrowly missed the $1.31 billion mark forecast by analysts, but profit per share slipped just past consensus at $1.11, data from Investing.com show.
Pro forma bookings hit $1.9 billion, up 32% from a year earlier—Terex’s way of smoothing out the numbers for deal-related adjustments. The company posted a book-to-bill ratio of 145%, a sign that orders ran well ahead of what they shipped during the quarter.
Terex turned in $5.4 billion in sales for 2025, with adjusted earnings coming in at $4.93 a share. Free cash flow hit $325 million—described as 147% cash conversion, after capital spending.
The company is projecting 2026 sales to come in between $7.5 billion and $8.1 billion, with EBITDA expected in a $930 million to $1.0 billion range. That EBITDA figure—earnings before interest, taxes, depreciation and amortization—lines up with Terex’s new guidance, which also sets EPS at $4.50 to $5.00 and targets free-cash-flow conversion of 80% to 90%.
Terex expects roughly $28 million in synergies for 2026 tied to its REV deal, wrapped up back on Feb. 2. CEO Simon Meester pointed to a strong flow of bookings and a hefty backlog, saying the company heads into 2026 with “considerable momentum.” investors.terex.com
It wasn’t all smooth sailing. Terex flagged tariff pressures weighing on its Aerials division for the quarter, citing fallout from the broader Section 232 tariff expansion that kicked in August. The company’s outlook assumes those tariffs stick through 2026. On cash, CFO Jennifer Kong-Picarello said Terex met “all our key 2025 financial expectations.” investors.terex.com
Terex set its latest quarterly dividend at $0.17 per share, marking March 6 as the record date, with payment scheduled for March 19.
Still, after two days of gains, the stock isn’t immune to setbacks. Terex has already pointed to possible pitfalls: delays in folding in REV, weaker order flow, or any moves on tariffs—all could hit margins and cash flow. The company highlighted those risks as it rolled out its outlook.
Looking ahead, investors are zeroed in on initial signs of REV synergy benefits and how much integration is going to cost. They’re also eyeing the March 6 dividend record date, with the payout slated for March 19.
