Filing Flows › Terex (TEX) › Q1 2025
Terex (TEX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Terex (TEX) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -1% from the quarter before. Operating margin was 5.6%, net earnings $21.0M (1.7% of revenue).
Terex, Q1 2025: revenue $1.2B (-5% year over year), operating margin 5.6%, net earnings $21.0M, operating cash flow −$21.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -1% | -5% |
| Gross profit | $230M | +17% | -23% |
| Operating profit | $69.0M | +30% | -56% |
| Net earnings | $21.0M | — | -81% |
| Operating cash flow | −$21.0M | — | — |
What changed
Revenue was $1.2B in Q1 2025, down 5% year over year and down 1% from the previous quarter. Aerial Work Platforms was the largest line at 31% of revenue. Aerial Work Platforms lost $0.16B year over year (down 29%), 248% of the total change.
Gross margin was 18.7%, down 4.3 points from a year earlier. Operating profit was $0.07B, a 5.6% margin (down 6.6 points year over year). Operating expenses grew 16% against a revenue fall of 5%. Net earnings were $0.02B, down 81% year over year. The effective tax rate was 19.2%.
Operating cash flow was −$0.02B. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was Terex's revenue in the first quarter 2025?
Terex (TEX) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -1% from the quarter before.
Was Terex profitable in the first quarter 2025?
Operating profit was $69.0M (5.6% of revenue) and net earnings $21.0M.
Source: Terex 10-Q on SEC EDGAR.