Terex Corporation has reported impressive financial results for the third quarter of 2026, highlighting a substantial increase in sales and net income. The company also announced a new $500 million share repurchase authorization, signaling confidence in its ongoing performance and future growth.

For the third quarter of 2026, Terex reported sales of $2.2 billion, marking a 58.4% increase on a reported basis, with pro forma sales rising by 11.6%. Additionally, net income reached $114 million, with adjusted net income of $171 million. The adjusted EBITDA stood at $286 million, representing a 13.0% margin.

Simon Meester, President and CEO of Terex, stated, "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 a $7 billion backlog that provides meaningful forward visibility across the portfolio." He also noted progress in the process of separating the Aerials segment, indicating active engagement with multiple strategic counterparties.

Background

Terex Corporation, based in Norwalk, Connecticut, operates in the industrial trucks, tractors, trailers, and stackers sector (SIC: 3537). The company is listed on the New York Stock Exchange under the ticker symbol TEX. Terex serves essential sectors such as emergency services, waste and recycling, utilities, and construction.

What the Filing Says

The SEC filing revealed key financial metrics for Q3 2026, including:

  • Sales of $2.2 billion, up 58.4% on a reported basis, pro forma sales up 11.6%
  • Net income of $114 million, adjusted net income of $171 million
  • Adjusted EBITDA of $286 million or 13.0% margin
  • Diluted EPS of $1.00 and adjusted diluted EPS of $1.50
  • Bookings of $2.3 billion increased 52.7% year over year on a pro forma basis
  • New $500 million share repurchase authorization approved by the board

Impact

The strong financial results may positively affect Terex's shareholders and investors, enhancing their confidence in the company's future performance. The announcement of the share repurchase program could also lead to increased demand for Terex's stock, as it indicates the company's commitment to returning value to its shareholders. Competitors in the industrial equipment sector may feel pressure to improve their own financial performance and shareholder returns in response to Terex's results.

What's Next

Terex will host a conference call on October 28, 2026, at 8:30 a.m. Eastern Time to discuss the financial results and outlook further. The company will also post a slide presentation on its website to accompany the call.