Earnings Releases·Oct 28, 2026, 7:04 AM ET

Terex Corporation — Third Quarter 2026 Earnings Summary

Reported net sales of $2.2 billion (up 58.4% YoY; pro forma up 11.6% YoY) with net income of $114 million ($1.00 diluted EPS) and adjusted net income of $171 million ($1.50 diluted EPS); free cash flow reached $209 million, up $79 million YoY.
Refined 2026 full-year guidance to $8.0–$8.2 billion in sales, $930–$960 million in adjusted EBITDA, $360–$400 million in free cash flow, and $4.80–$5.00 in adjusted diluted EPS.
Announced a new $500 million share repurchase program and returned $91 million to shareholders in Q3; debt was reduced by $113 million, while liquidity stood at $1.2 billion.
Management is actively engaging with strategic counterparties regarding the potential separation of the Aerials segment, which posted $709 million in sales (up 32.0% YoY) but faced inflationary and tariff pressures.
Backlog increased to $7.0 billion (up 12.9% pro forma) with a book-to-bill ratio of 103%, while the company anticipates ~$28 million in realized synergies for 2026.