Terex Corporation (TEX) SEC Filings & Earnings Calls

ES segment navigating temporary softness in refuse collection vehicles.

“While the segment is navigating a temporary softness in refuse collection vehicles” · word for word

Integration risk from REV acquisition; pro forma statements are illustrative only.

“pro forma financial information is presented for illustrative purposes only, not intended to represent actual results”

Tariff and inflationary pressures impacting Aerials segment

“The decrease was primarily due to more tariffs incurred in the current year period and inflationary pressures” · word for word

Mixed end-market conditions

“While conditions remain mixed in certain end markets” · word for word

Tariff cost pressure on margins

“Adjusted EBITDA for the three months ended June 30, 2026 decreased $17 million when compared to the same period in 2025, primarily due to higher tariff costs in the current year period and inflationary pressures” · word for word

Integration risk from REV acquisition

“Our integration work is progressing as planned, and we continue to focus on realizing synergies, improving operational consistency, and leveraging the combined scale of the Company.” · word for word

Short-term demand softness in waste & recycling

“although certain customers in the short term continue to manage capital spending and digest recently delivered fleet.” · word for word

Oil price sensitivity in Europe and Australia could hamper growth.

“oil prices can potentially hamper some of that growth given the more vulnerable state both of those markets are currently in” · word for word

Aerials strategic review outcome uncertain; no specific details shared.

“We do not have any specific details to share at this time” · word for word

Tariff cost pressure on margins

“tariff cost within MP and Aerials” · word for word

Waste & recycling CAPEX digestion

“In the waste & recycling market, we are expecting a modest reduction in CAPEX spending from certain customers in the first half of 2026 as they digest recently delivered vehicles.” · word for word

Europe macro uncertainty

“We are seeing modest improvement in Europe and Australia, however, the outlook in Europe is impacted by macro events.” · word for word

Tariff headwinds impacting Aerials and ES segments

“Adjusted EBITDA change was primarily due to tariffs, which were not in effect in the prior year period, and unfavorable mix within Aerials, and product mix in ES.”

REV Integration Risk

“We may be unable to successfully integrate acquired or merged businesses, including REV. We may not realize the anticipated benefits of such mergers and acquisitions.” · word for word

High Debt Levels

“Following our recent REV Transaction and the acquisition of ESG, our debt levels have increased significantly.” · word for word

Tariff Exposure

“The imposition of new, postponed or increased international tariffs may have a material adverse effect on our business, financial condition and results of operations.” · word for word

Integration risk from REV merger

“We are using the same integration playbook for the merger with REV. The integration will be straightforward.” · word for word

Aerials business strategic review may lead to divestiture

“With regards to the strategic review of the Aerials business, which we announced during our last call, we have been receiving strong inbound interest” · word for word

Tariff headwinds and inflation continue to impact margins, particularly in Aerials segment.

“tariff headwinds, including the expanded 232 tariff; higher tariff costs and other inflation” · word for word

Integration risks from ESG and REV mergers; synergy targets need to be achieved.

“successful integration of ESG and the initiation of the merger with REV; focus on execution and synergy targets” · word for word

Merger execution risk remains; regulatory approvals and closing conditions still pending.

“approval of the issuance of shares of common stock of Terex... in connection with the First Merger pursuant to the terms of the Merger Agreement” · word for word

Tariff exposure

“We now expect the full year net unfavorable impact of tariffs on EPS to be approximately $0.70, assuming tariffs broadly remain at current rates.” · word for word

Legacy demand decline

“Excluding ESG, our legacy sales declined by 8%.” · word for word

Aerials margin pressure

“Aerials operating margin of 8.4% was up compared to Q2, but down 180 basis points year over year, due to lower volume and unfavorable customer mix.” · word for word

Merger integration risk; regulatory approvals required.

“Merger Agreement; subject to customary closing conditions”

Tariff headwinds: full year net unfavorable impact of tariffs on EPS ~$0.70; expanded 232 steel and aluminum tariff.

“We now expect the full year net unfavorable impact of tariffs on EPS to be approximately $0.70” · word for word

Aerials demand weakness: rental customers deploying less capex, focusing on replacement only.

“lower volume in North America as rental customers deployed less capex, focusing primarily on replacement requirements” · word for word