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Terex Corporation Reports Second Quarter 2026 Results

Terex Corporation (NYSE: TEX), a leading player in the specialized equipment sector, has released its financial outcomes for the second quarter of 2026, demonstrating extraordinary growth and resilience in its operations. The company, well-known for serving critical industries such as emergency services, waste management, and construction, reported remarkable sales figures, net income, and positive trends in bookings.

Financial Highlights

In the latest announcement, Terex reported net sales reaching $2.2 billion, reflecting a 50.5% increase on a reported basis, with a pro forma sales growth of 8.5%. The net income for the quarter stood at $110 million, with an adjusted net income of $156 million. The company also highlighted an adjusted EBITDA of $269 million, equating to a 12.0% margin, and an adjusted EPS of $1.37.

Bookings spiked to $2.0 billion, marking a 25.2% increase year-over-year and further signaling strong market demand. Terex raised its 2026 outlook, projecting total sales to reach between $7.9 billion and $8.2 billion, along with an adjusted EBITDA anticipated to fall between $960 million and $1.0 billion.

CEO Simon Meester commented on the results, emphasizing the company’s solid performance across all segments. He noted, “Our second quarter performance reflects strength in key businesses, strong execution by our teams, and increasing operational momentum across the company.” This reflects a positive shift in demand across Terex's enhanced portfolio, alongside an integration plan that aims to realize expected synergies.

Operational Performance

The operational boost is evident as Terex reported a backlog increase of $257 million or 3.9% year-over-year, indicating healthy incoming business. The company’s proactive strategy in responding to market demands has resulted in significant year-over-year growth across all segments:

• - Environmental Solutions: Grew by 5.9% year-over-year, with net sales of $456 million.
• - Materials Processing: Showcased a 2.2% year-over-year increase, netting $464 million, driven notably by a surge in demand for mobile crushers associated with road and infrastructure projects in the U.S.
• - Specialty Vehicles: Experienced a 6.2% growth with net sales hitting $650 million, supported by increased shipments of fire apparatus.
• - Aerials: Reported a 10.9% rise in sales, totaling $673 million, thanks to deliveries for mega projects and favorable exchange impacts.

Significant Investments and Shareholder Returns

In line with its solid financial positioning, Terex recorded a free cash flow of $101 million in Q2, marking an increase from the previous year. This also includes capital investments of $33 million aimed at future growth and operational enhancements. Terex showed commitment to its shareholders with $20 million returned through dividends, along with approximately $183 million available for share repurchase under existing programs.

CFO Jennifer Kong-Picarello remarked on the strong performance, highlighting the effective management across the complex landscape of the equipment sector. The results not only exceeded expectations but also reflect the company’s robust operational machinery.

Looking Ahead

As Terex anticipates a more substantial second half of the year, it is well-positioned with robust backlog visibility. The adjustments to the company’s 2026 outlook are a testament to anticipated continued strength, supported by positive market indicators and effective operational plans. The initiative to raise guidance reflects the confidence in sustained growth across all Terex operations.

For investors and stakeholders closely watching Terex Corporation, this latest report underscores a promising future, reflecting the company’s strategic focus on innovation and market responsiveness, solidifying its reputation as a leader in specialized equipment services.

Terex Corporation continues to invest in its extensive portfolio of specialized vehicles and equipment, reinforcing its market position and ensuring a strong growth trajectory moving forward. For more information on Terex and its product offerings, visit Terex Corporation.