Terex raises 2026 free cash flow outlook to $360 million-$400 million
TEX•Terex raised its 2026 free cash flow outlook to $360 million-$400 million. It refined its sales forecast to $8 billion-$8.2 billion and expects adjusted EBITDA of $930 million-$960 million and earnings per share of $4.80-$5.00.
1. Updated 2026 outlook
Terex raised its 2026 free cash flow guidance to $360 million-$400 million, citing working capital efficiency, and plans $145 million in capital spending. The company refined its sales outlook to $8 billion-$8.2 billion, implying approximately 8% pro forma growth at the midpoint, and forecasts pro forma adjusted EBITDA of $930 million-$960 million, or approximately 10% annual growth.
2. Segment expectations
Terex expects earnings per share of $4.80-$5.00, based on a full-year effective tax rate of 19%. Stronger Materials Processing and Specialty Vehicles performance partly offsets weaker near-term Environmental Solutions expectations and fourth-quarter seasonality in Aerials.
