Terex

Terex makes heavy machinery that helps crews build cities and maintain essential power lines. Its equipment moves people and materials safely to high work areas and processes rocks or waste for construction and recycling. These tools serve industries ranging from utilities and housing to energy and waste management.

The Equipment Lineup

• Materials Processing: Crushers, screens, washing systems, and conveyors used for mining, quarrying, and recycling; also includes concrete mixer trucks and timber handlers.
• Aerials: Portable material lifts, scissor lifts, and telescopic booms sold under the Genie brand to help workers reach elevated areas.
• Environmental Solutions: Refuse collection truck bodies, recycling balers, and utility equipment such as digger derricks used to install power poles.
• Financial Services: Financing and leasing solutions that help customers and dealers acquire the company's heavy equipment.

Recent Growth Moves

• Acquired the Environmental Solutions Group from Dover Corporation in 2024 to expand into the waste and recycling market.
• Completed a merger with REV Group, Inc. on February 2, 2026, adding customized vehicles like ambulances and fire trucks to the portfolio.
• Initiated a strategic review in early 2026 for the possible sale of the Aerials business segment.
• Expanded global manufacturing capacity with facilities in Monterrey, Mexico and Sanand, India for the Aerials segment.

What Makes the Business Run

The company maintains a global footprint with manufacturing sites in North America, Europe, and Asia Pacific to serve local markets efficiently. Its strategy focuses on lifecycle support, providing parts and digital monitoring software that helps operators track vehicle health and service needs.

Financial Performance Summary

• Revenue reached $1.3 billion in Q4 2025, up 6.2% from the same period in 2024.
• Operating income rose to $137 million in Q4 2025, a 158.5% increase year-over-year.
• Net income hit $63 million in Q4 2025, up from a loss of $2 million in Q4 2024.
• Free cash flow hit $171 million in Q4 2025, up 33.6% from the previous year.
• Total order backlog stood at $2.35 billion as of December 31, 2025.

Evolution and Future Focus

Terex has transitioned from a general equipment maker into a specialized manufacturer focused on high-growth sectors like waste management and utilities. The integration of recent acquisitions and the potential sale of its aerial division reflect a shift toward less cyclical, resilient end markets.