Terex Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 sales $2.2 billion, up 58.4% reported and 11.6% pro forma
- ➤Adjusted EBITDA $286 million, up 13.9% pro forma year over year
- ➤2026 outlook: sales $8.0-$8.2 billion, adjusted EBITDA $930-$960 million
- ➤Bookings $2.3 billion, up 52.7% pro forma; backlog reached $7.0 billion
- ➤Board authorized a new $500 million share repurchase program
Expert Statements
Simon Meester, President & CEO of Terex
“Terex delivered higher sales, adjusted EBITDA and cash flow in the third quarter versus the prior year, with solid order activity increasing across all four segments, resulting in $7 billion backlog that provides meaningful forward visibility across the portfolio. We are also making progress integrating the expanded company, capturing synergies, and applying more consistent operating discipline to improve execution and returns.”
Simon Meester, President & CEO of Terex
“Over the past few months we have made good progress in the process of separating the Aerials segment, by advancing the carve-out work and moving from evaluating inbound interest to active engagement with multiple strategic counterparties. At the same time, the Aerials team remains focused on serving customers, growing the business and improving performance. Our priority is to achieve a successful outcome that maximizes value for Terex shareholders.”
Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer of Terex
“Terex delivered solid third-quarter financial performance, with pro forma sales growth of approximately 12% and pro forma adjusted EBITDA growth of 14%, reflecting higher volumes, solid operating execution and realized synergies. Improved working capital efficiency contributed to $241 million of operating cash flow and $209 million of free cash flow during the quarter. We returned $91 million to shareholders through share repurchases and dividends while reducing debt by $113 million”
Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer of Terex
“The Board's new $500 million share repurchase authorization provides additional flexibility to return capital opportunistically within our balanced capital allocation framework, while maintaining the capacity to invest in the business and strengthen the balance sheet.”
* Sales of $2.2 billion, up 58.4% on a reported basis, pro forma sales up 11.6% * Net income of $114 million, adjusted(1 )net income of $171 million * Adjusted(1) EBITDA(7) of $286 million or 13.0% margin * Diluted EPS of $1.00 and adjusted(1) Diluted EPS(2) of $1.50 * Bookings of $2.3 billion increased 52.7% year over year on a pro forma(13) basis * Refining 2026 Outlook(5): Sales of $8.0 to $8.2 billion, Adjusted(1) EBITDA(7) of $930 million to $960 million with 11.7% Adjusted(1) EBITDA(7) margin at the midpoint, and Free cash flow of $360 million to $400 million * Board approves a new $500 million share repurchase authorization NORWALK, Conn., Oct. 28, 2026 /PRNewswire/ -- Terex Corporation (NYSE: TEX), a global leader in specialized equipment, serving essential sectors such as emergency services, waste and recycling, utilities, and construction, today announced its results for the third quarter 2026.
Get started
Create a free account to read the full story.