Terex Raises Full-Year Outlook After Strong Q2 Performance
Terex Corporation (NYSE:TEX) reported second-quarter revenue of $2.24 billion, an 8.5% increase on a pro forma basis and raised its full-year outlook for sales, adjusted EBITDA, and earnings per share. The company cited strong demand across all four business segments, with bookings up 25% year-over-year to $2 billion and backlog reaching $6.9 billion. Adjusted EBITDA rose by 10.7% to $269 million in the quarter, while free cash flow totaled $101 million, helping reduce net leverage to 2.3 times adjusted EBITDA. Management noted progress on integrating REV Group and is continuing a strategic review of its Aerials segment. CEO Simon Meester highlighted improved demand indicators including higher equipment utilization and capital spending by customers, as well as municipal procurement activity for emergency vehicles.
Tickers: $TEX
Topics: Earnings EBITDA Free Cash Flow Outlook Update Revenue Growth