Terex Boosts Revenue 6.2 in Q425 as Company Transforms

Terex posted $1.318 billion in fourth quarter sales, a 6.2-percent year-over-year increase. Full-year net sales totaled $5.421 billion compared to $5.127 billion in 2024, a 5.7-percent boost. 

Net income was $63 million, or $0.95 per share compared to a loss of $2 million in the fourth quarter of 2024. Adjusted net income was $74 million or $1.12 per share for the fourth quarter of 2025, compared to $52 million, or $0.77 per share, in the fourth quarter of 2024. Net sales of $2.1 billion for the full year dropped 14.5 percent or $350 million year over year.

“We concluded a transformational year for Terex with the successful integration of ESG and the initiation of the merger with REV, coupled with solid execution by our legacy businesses in a very dynamic environment,” said Terex president and CEO Simon Meester. "The team navigated multiple macro and market headwinds to deliver financial results in line with our original 2025 guidance, while transforming our portfolio for the long term. I am very proud of our team adapting quickly to changes in trade policy and market dynamics throughout the year while continuing to innovate, improve operations and deliver exciting new products to our customers. We head into 2026 with considerable momentum from strong Q4 bookings and backlog levels. We will focus on execution, successfully integrating REV and delivering on our synergy targets.”

Bookings of $1.9 billion grew 32 percent year over year in the fourth quarter on a pro forma basis, including growth in all three segments, reflecting a book-to-bill of 145 percent. 

For the aerial division, net sales of $466 million for the fourth quarter rose 6.9 percent year over year, including growth in North America and EMEA. Operating profit was $10 million for the fourth quarter of 2025, or 2.1 percent of net sales, compared to $1 or 0.2 percent of net sales in the previous year. Adjusted operating profit was $12 million, or 2.6 percent of net sales for the fourth quarter of 2025, compared to $2 million or 0.6 percent of net sales in Q424. 

A defining milestone
Meester told a conference call with investors that Terex’s merger with REV Group was a “defining milestone in Terex’s transformation.”

“With this combination, we’ve created a leading specialty equipment manufacturer with premium brands across multiple industries with a strong manufacturing footprint, a leading technology play and clear tangible synergies across the portfolio,” Meester said. “What began with our 2024 acquisition of ESG, which delivered value immediately, is now being amplified by bringing Terex and REV together, creating greater scale and an even more resilient new company. REV generated approximately $2.5 billion of revenue and $230 million of adjusted EBITDA in its recently completed fiscal year, with the majority coming from essential low cyclical end markets. 

“Over the last 16 months, we have reshaped the Terex portfolio, creating what I believe is the most intrinsically synergistic, resilient and competitive portfolio in our history. We now have significant scale in specialty vehicles that share similar operational and go-to-market characteristics. This creates not only near-term efficiencies, but also meaningful opportunities for operational improvement and long-term growth across Terex.”

Meester also addressed Terex’s strategic review of Genie, its aerial division and one of the historic leaders of the aerial rental industry.

“We have been receiving strong inbound interest from a number of interested parties. We’re being deliberate in our evaluation of the interest and the best approach to maximize shareholder value.”

Meester noted the strong mega project market for the coming year, and the strength in infrastructure spending likely to continue through this decade.

"With this merger, we have created a leading specialty equipment manufacturer with a highly complementary and synergistic portfolio, serving a diverse set of attractive, resilient and growing end markets," Meester added.