Terex raises 2026 sales, profit outlook after strong Q2 execution, CEO says
TEX•Terex raises 2026 guidance after stronger second quarter
Terex raised 2026 guidance following a stronger second quarter, citing backlog strength and improving execution across the portfolio.
- Now sees sales of $7.9 billion-$8.2 billion, adjusted EBITDA of $960 million-$1 billion, and adjusted EPS of $4.7-$5.1.
- Second-quarter revenue reached $2.2 billion; adjusted EBITDA totaled $269 million; bookings rose 25% to $2 billion; backlog stood at $6.9 billion.
- Management flagged an ongoing strategic review of the Aerials segment, citing interest from multiple parties with no outcome details disclosed.
- Free cash flow outlook was set at $300 million-$350 million; net debt ended the quarter at $2.28 billion; net leverage improved to 2.3x.
