Terex shares climbed to $68.05 in recent trading, earlier hitting a 52-week peak of $69.65. The stock has maintained significant momentum over the last year, posting a 49% gain as the company capitalizes on increased demand for industrial and utility equipment.

The company reported quarterly net income of $63 million, or 95 cents a share, marking a sharp recovery from the $2 million loss recorded during the same period last year. While GAAP earnings per share fell short of the $1.03 projected by FactSet analysts, adjusted earnings reached $1.12 per share, slightly ahead of the $1.11 consensus. Quarterly sales rose to $1.32 billion, exceeding both the prior year's $1.24 billion and analyst estimates of $1.3 billion.

Segment Performance and Market Demand

Growth during the quarter was largely driven by the Aerials and Utilities divisions. The Environmental Solutions segment saw sales rise 14.1% to $428 million, a boost the company attributed to improved throughput and the consistent delivery of refuse collection and utility vehicles.

Looking toward long-term targets, Terex issued a 2026 outlook projecting sales between $7.5 billion to $8.1 million, compared to the $5.61 billion anticipated by analysts. The company expects 2026 earnings to range between $4.50 and $5 per share, which remains below the analyst forecast of $5.31. Management noted that the company enters this growth phase supported by robust booking activity and healthy backlog levels.