Terex reveals Q3 sales of $2.2B, up 58.4%
Key points
- Terex (NYSE:TEX) reported third-quarter 2026 sales of $2.2 billion, up 58.4% as reported, while net income rose to $114 million.
- Pro forma bookings increased 52.7% to $2.3 billion, and backlog reached $7 billion, although Environmental Solutions sales and profitability declined.
- Terex authorized a new $500 million share repurchase program and forecast full-year sales of $8 billion–$8.2 billion.
Terex (NYSE:TEX) reported third-quarter 2026 sales of $2.2 billion, up 58.4% as reported and 11.6% on a pro forma basis, while net income increased to $114 million.
Net income rose from $65 million a year earlier, diluted earnings per share increased to $1 from $0.98, and adjusted earnings per share remained at $1.50.
Adjusted EBITDA reached $286 million, up 13.9% on a pro forma basis, with a margin of 13%, while Environmental Solutions sales and profitability declined.
Pro forma bookings increased 52.7% to $2.3 billion, and the company reported a backlog of $7 billion, reflecting higher orders across its businesses.
Terex authorized a new $500 million share repurchase program and said it was engaging multiple potential strategic counterparties regarding a possible separation of its Aerials business.
The company refined its full-year 2026 outlook to sales of $8 billion–$8.2 billion, adjusted EBITDA of $930 million–$960 million, adjusted diluted earnings per share of $4.80–$5, and free cash flow of $360 million–$400 million.
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