Terex Maintains 2026 Outlook Amid Strong Revenue Growth and REV Integration

Terex Corp. (TEX) has reiterated its fiscal year 2026 guidance following the release of its first-quarter financial results. The industrial equipment manufacturer expects full-year earnings to land between $4.50 and $5.00 per share, with total revenues projected in the range of $7.5 billion to $8.1 billion. The company is currently focused on the integration of REV, a strategic move aimed at streamlining operations. CEO Simon Meester noted that Terex is on track to realize approximately $28 million in synergies during 2026, with a long-term goal of achieving a $75 million run-rate within a 24-month window by eliminating duplicate overhead. First-quarter performance presented a mixed picture. The company reported a net loss of $89 million, or $0.93 per share, a sharp decline from the $21 million net income reported in the same period last year. However, adjusted earnings from continuing operations rose to $0.98 per share, up from $0.83 in the prior-year quarter. Top-line growth was robust, with net sales climbing to $1.73 billion from $1.23 billion year-over-year. Investors reacted positively to the adjusted figures and the steady outlook, with shares trading up 1.25% to $63.00 in pre-market activity.