Terex reported third-quarter consolidated sales of $2.2 billion, a 12% increase year-over-year on a proforma basis, and adjusted EBITDA of $286 million, up 14%. The company raised its full-year 2026 outlook to $8.0-$8.2 billion in sales and $930-$960 million in adjusted EBITDA, citing strong demand across Materials Processing and Specialty Vehicles segments. Consolidated bookings surged 53% year-over-year to $2.3 billion, with backlog reaching $7 billion. Management also announced a new $500 million share repurchase authorization and reported free cash flow of $209 million for the quarter. Terex operates in the heavy equipment industry, manufacturing aerial work platforms, materials processing machinery, specialty vehicles, and environmental solutions.
