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NEW YORK - On Thursday, Terex Corporation (NYSE:TEX) reported second quarter earnings that exceeded analyst expectations, as strong performance in its Environmental Solutions segment offset headwinds in its Aerials business.
The industrial equipment manufacturer’s shares edged up 0.44% in pre-market trading following the announcement.
The company posted adjusted earnings of $1.49 per share, surpassing the analyst consensus of $1.45. Revenue came in at $1.49 billion, above estimates of $1.44 billion but down 12% YoY for legacy businesses when excluding the recently acquired Environmental Solutions Group.
"Our overall financial performance demonstrates the power of the evolving Terex portfolio," said Simon Meester, Terex President and Chief Executive Officer. "Our Environmental Solutions segment exceeded our outlook for the second quarter with strong sales and margin performance."
The company’s segments showed mixed results. Environmental Solutions was the standout performer with sales of $430 million, up 12.9% YoY on a pro forma basis, and an adjusted operating margin of 19.1%. However, the Aerials segment saw sales decline 17.1% to $607 million as rental customers reduced capital expenditures. Materials Processing revenue fell 9% to $454 million.
Terex maintained its full-year 2025 adjusted EPS guidance of $4.70 to $5.10, in line with analyst expectations of $4.68. The company also reaffirmed its revenue outlook of $5.3-5.5 billion.
"Looking ahead, bookings across the company have returned to normal seasonal patterns, and the year-over-year pro forma growth of 19% and healthy backlog supports our second half sales outlook," said Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer.
The company generated strong free cash flow of $78 million in the quarter, up from $43 million in the prior year period. Terex’s board authorized a new $150 million share repurchase program, reflecting confidence in its long-term growth strategy.
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