Specialized equipment maker Terex Q3 sales beat on higher shipment volumes
TEX•Terex's third-quarter sales rose 58% to $2.2 billion, beating the $2.17 billion consensus, while adjusted diluted EPS was $1.50. The company authorized a $500 million share repurchase program and forecast 2026 sales of $8.0 billion to $8.2 billion.
1. Quarterly results
Terex said third-quarter sales increased 58% to $2.2 billion, above analyst expectations of $2.17 billion. Adjusted diluted EPS was $1.50. The company attributed sales growth to higher shipment volumes in its Materials Processing, Specialty Vehicles and Aerials segments.
2. Bookings and outlook
Third-quarter bookings rose 52.7% year over year on a pro forma basis, supporting backlog growth across all segments. Terex forecast 2026 sales of $8.0 billion to $8.2 billion, adjusted EBITDA of $930 million to $960 million and adjusted diluted EPS of $4.80 to $5.00. It also authorized a new $500 million share repurchase program.
