TEREX CORP (TEX) Form 8-K — Oct 28, 2026
Terex reported Q3 2026 sales of $2.2 billion, up 58.4% reported and 11.6% pro forma, with net income of $114 million ($1.00 diluted EPS) and adjusted EPS of $1.50. Bookings of $2.3 billion grew 52.7% pro forma, driving a $7.0 billion backlog that is up 12.9% year over year. The Board authorized a new $500 million share repurchase program, bringing total buyback capacity to $611 million, and the company refined its 2026 outlook to sales of $8.0-$8.2 billion, adjusted EBITDA of $930-$960 million, and adjusted diluted EPS of $4.80-$5.00.
Key figures
- Eps
- 1
- Revenue
- 2197000000
- Guidance
- 2026 sales $8.0-$8.2B (~8.5% pro forma growth), Adjusted EBITDA $930M-$960M (11.7% margin at midpoint), Adjusted diluted EPS $4.80-$5.00, free cash flow $360M-$400M
- Net Income
- 114000000
- Total Debt
- 2578000000
- Revenue Yoy
- 58.4% reported / 11.6% pro forma
- Total Assets
- 10296000000
- Cash Position
- 407000000
- Backlog
- 7000000000
- Liquidity
- 1200000000
- Book to bill
- 103%
- Bookings q3 2026
- 2300000000
- Adjusted ebitda margin
- 13.0%
- Bookings yoy pro forma
- 52.7%
- Free cash flow q3 2026
- 209000000
- Total buyback capacity
- 611000000
- Adjusted ebitda q3 2026
- 286000000
- Realized synergies 2026
- ~$28 million, on target for $75M annual run-rate within 2 years
- New buyback authorization
- 500000000
- Adjusted net income q3 2026
- 171000000
- Adjusted diluted eps q3 2026
- 1.5
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.