Recent Updates — TEX

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.

Terex reported third-quarter net sales of $2.2 billion, a 58.4% increase on a reported basis, driven by strong demand across its segments. Net income rose to $114 million ($1.00 diluted EPS), while adjusted net income was $171 million ($1.50 diluted EPS). Adjusted EBITDA reached $286 million with a 13.0% margin. Bookings surged 52.7% year-over-year to $2.3 billion, expanding the backlog to $7.0 billion. The Board authorized a new $500 million share repurchase program. Terex also refined its full-year 2026 outlook, projecting sales of $8.0–$8.2 billion and adjusted diluted EPS of $4.80–$5.00. Terex Corporation is a global manufacturer of specialized equipment for construction, waste management, utilities, and emergency services.

Terex Corporation reported second quarter 2026 results on July 30, 2026, posting pro forma revenue of $2.2 billion, an 8.5% increase year-over-year, and adjusted EBITDA of $269 million, up 10.7%. The company raised its full-year 2026 guidance, now expecting sales between $7.9 billion and $8.2 billion, adjusted EBITDA between $960 million and $1.0 billion, and adjusted EPS between $4.70 and $5.10. Consolidated bookings surged 25% to $2 billion, supported by a backlog of $6.9 billion. Terex also announced it is conducting a strategic review of its Aerials segment with interest from multiple parties. The company operates in the heavy equipment manufacturing industry, producing aerial work platforms, cranes, and specialty vehicles.

Terex Corporation filed this report to incorporate by reference the unaudited condensed consolidated financial statements of REV Group, Inc. for the three months ended January 31, 2026, and pro forma combined statements of operations following Terex's acquisition of REV. The merger closed on February 2, 2026, with a provisional purchase consideration of $3,384 million based on an exchange ratio of 0.9809 Terex shares plus $8.71 cash per REV share. REV reported net sales of $552.1 million and net income of $13.3 million for the quarter ended January 31, 2026. The filing also discloses that REV completed the sale of its Midwest Automotive Designs business on February 9, 2026. Terex is a manufacturer of aerial work platforms, cranes, and specialized vehicles.

Terex Corporation reported second quarter 2026 financial results, announcing sales of $2.2 billion, a 50.5% increase on a reported basis and an 8.5% rise pro forma. Net income was $110 million ($0.96 per share), while adjusted net income reached $156 million ($1.37 per share). Adjusted EBITDA totaled $269 million with a 12.0% margin, and bookings increased 25.2% year-over-year to $2.0 billion on a pro forma basis. The company raised its full-year 2026 outlook, projecting sales between $7.9 billion and $8.2 billion and adjusted EBITDA of $960 million to $1.0 billion. Terex operates in the specialized equipment manufacturing industry, serving sectors such as construction, utilities, waste management, and emergency services.