Terex Corporation filed an 8-K earnings release on October 28, 2026, reporting third-quarter 2026 financial results that included net sales of $2.2 billion, net income of $114 million, and a new $500 million share repurchase authorization approved by its Board of Directors.

Key Highlights

  • Net sales of $2.2 billion were 58.4% higher than the third quarter of 2025 on a reported basis, with pro forma net sales up 11.6% year over year, according to the filing.
  • Net income of $114 million, or $1.00 per diluted share, compared to $65 million, or $0.98 per diluted share, in the third quarter of 2025.
  • Adjusted EBITDA of $286 million, representing a 13.0% margin, increased $35 million or 13.9% on a pro forma basis versus the prior year period.
  • Bookings of $2.3 billion increased 52.7% year over year on a pro forma basis, reflecting a book-to-bill of 103%, with a $7.0 billion backlog.
  • Free cash flow of $209 million in Q3 2026, up $79 million from the prior year period.
  • Board authorized a new $500 million share repurchase program, bringing total available repurchase capacity to $611 million.
  • Full-year 2026 outlook refined to sales of $8.0 billion to $8.2 billion and Adjusted EBITDA of $930 million to $960 million.

Terex Q3 2026 Segment Performance and Refined Full-Year Guidance

According to the filing, Terex Corporation (NYSE:TEX) reported third-quarter 2026 net sales of $2.2 billion, up 58.4% on a reported basis from the third quarter of 2025. The company disclosed that pro forma net sales growth of 11.6% was driven by the Materials Processing, Specialty Vehicles, and Aerials segments. The $7.0 billion backlog increased $802 million, or 12.9% on a pro forma basis, versus the prior year, the filing stated.

At the segment level, the filing reported that Aerials posted net sales of $709 million, up 32.0% or $172 million year over year, while Specialty Vehicles net sales of $657 million rose 8.1% or $49 million year over year on a pro forma basis. Materials Processing net sales of $434 million were up 4.1% or $17 million year over year, with Adjusted EBITDA improving to $84 million, or 19.3% of net sales, from $56 million, or 13.5%, in the prior year. Environmental Solutions net sales of $400 million declined 8.0% or $35 million year over year, which the filing attributed primarily to lower shipments of refuse collection vehicles.

Regarding liquidity, the filing disclosed that as of September 30, 2026, liquidity stood at $1.2 billion. During the quarter, Terex returned $19 million to shareholders through dividends and $72 million through share repurchases. The company also reduced debt by $113 million, according to the CFO commentary in the filing. For full-year 2026, the company disclosed a refined outlook calling for sales of $8.0 billion to $8.2 billion, Adjusted EBITDA of $930 million to $960 million with an 11.7% margin at the midpoint, Adjusted Diluted EPS of $4.80 to $5.00, and free cash flow of $360 million to $400 million. The filing also noted that Terex is "advancing the carve-out work" on the potential separation of its Aerials segment and is in "active engagement with multiple strategic counterparties."

What Was Disclosed

Terex reported Q3 2026 results showing net sales of $2.2 billion, net income of $114 million, and Adjusted EBITDA of $286 million. The Board authorized a new $500 million share repurchase program, and the company refined its full-year 2026 sales outlook to $8.0 billion to $8.2 billion.