#None #Quarterly Earnings #financial results #Norwalk #Terex Corporation

Terex Corporation Reports Third Quarter 2026 Results

On October 28, 2026, Terex Corporation (NYSE: TEX), a global leader in specialized equipment, announced its third-quarter financial results, showcasing robust growth across various metrics. The company reported sales of $2.2 billion, marking a 58.4% increase compared to the same period last year, with net sales growth of 11.6% on a pro forma basis. This financial success underscores Terex's strong market position in essential sectors such as emergency services, utilities, construction, and waste recycling.

Key Financial Highlights

Terex's net income for Q3 2026 reached $114 million, or $1.00 per diluted share, compared to $65 million, or $0.98 per diluted share, in Q3 2025. When adjusted for certain items, the net income stood at $171 million, or $1.50 per diluted share. The company also reported an adjusted EBITDA of $286 million, with a margin of 13.0%, and bookings totaling $2.3 billion, reflecting a year-over-year increase of 52.7%.

Terex's backlog grew significantly, increasing by $802 million, or 12.9% on a pro forma basis, reaching a total of $7.0 billion. This growth is attributed to improved bookings across all four business segments and indicates a positive outlook moving forward.

Operational Performance

In reviewing its operational performance, CEO Simon Meester expressed optimism about the company's trajectory. He highlighted the effectiveness of the team in integrating the expanded company, which includes strategies for capturing synergies and enhancing operational discipline. Meester noted the significant progress in separating the Aerials segment, aiming to maximize shareholder value while ensuring customer service remains a top priority.

The third quarter also saw substantial contributions from various segments:

• - Environmental Solutions reported net sales of $400 million, down 8.0% year-over-year due to reduced shipments of refuse collection vehicles (RCVs). However, utility product sales helped offset some declines.
• - Materials Processing achieved net sales of $434 million, reflecting a year-over-year increase of 4.1%, driven mainly by higher shipments in North America.
• - Specialty Vehicles experienced net sales growth of 8.1%, with increased shipments of fire apparatus and recreational vehicles contributing to the financial success.
• - Aerials posted a remarkable 32% increase in net sales, totaling $709 million, attributed to strong demand from national customers and heightened capital spending on larger projects.

Financial Outlook

Terex has refined its outlook for the full year of 2026, projecting total sales to range between $8.0 billion and $8.2 billion. The expected adjusted EBITDA is projected to grow by approximately 10% year-over-year, indicating strong underlying operational performance. The company anticipates free cash flow between $360 million and $400 million, further strengthening its financial position.

Additionally, the Board of Directors has approved a new share repurchase authorization of $500 million, enhancing flexibility for capital returns to shareholders. The focus remains on operational efficiency as the company looks to navigate a competitive landscape effectively.

Conclusion

Terex Corporation's third-quarter results for 2026 reflect not only a successful financial period but also a solid foundation for future growth. With increasing market demand and a strategic focus on operational improvement, Terex is positioned to continue delivering value to its shareholders and customers alike. As the company progresses through the remainder of 2026, stakeholders should remain optimistic about its growth trajectory and market performance.