Terex is trading higher as investors continue to digest the company’s first-quarter update and outlook reaffirmation. The latest financial readout highlighted a sharp year-over-year sales increase to roughly $1.7 billion (+41%) and adjusted EPS of $0.98, while management kept its 2026 targets intact—an important signal for confidence in demand and execution as the company integrates REV.

Alongside the revenue step-up, Terex reaffirmed its 2026 guidance ranges: net sales of $7.5 billion to $8.1 billion, EBITDA of $930 million to $1.0 billion, and EPS of $4.50 to $5.00. The company also pointed to a quarter-ending backlog of about $7.1 billion and a proforma book-to-bill ratio around 109%, supporting visibility for the rest of the year.

A central theme in the post-earnings trade is execution on the REV combination. Terex reiterated that it expects approximately $28 million of cost synergies in 2026 and is targeting a $75 million synergy run-rate within 24 months, framing the deal as a driver of a more resilient and predictable portfolio with greater North America exposure.

With the stock rallying, the next catalysts are whether margin improvement materializes as the year progresses and whether tariff-related pressure eases or persists. Investors will also be watching for continued evidence that bookings remain healthy and that REV-related cost takeouts flow through to results without disrupting operations.