Terex reported third-quarter 2026 sales of $2.2 billion, with net income of $114 million. The company also reported higher adjusted earnings measures and said bookings rose on a pro forma basis. Its updated full-year outlook calls for $8.0 billion to $8.2 billion in sales.
- Sales and orders: Sales increased 58.4% from a year earlier on a reported basis and 11.6% on a pro forma basis. Bookings totaled $2.3 billion, up 52.7% year over year on a pro forma basis.
- Earnings: Net income was $114 million, while adjusted net income was $171 million. Diluted earnings per share were $1.00; adjusted diluted EPS was $1.50.
- Adjusted profitability: Adjusted EBITDA was $286 million, equal to a 13.0% margin.
- 2026 outlook: Terex now expects sales of $8.0 billion to $8.2 billion, adjusted EBITDA of $930 million to $960 million, and free cash flow of $360 million to $400 million. At the midpoint of its adjusted EBITDA range, the company expects an 11.7% margin.
- Investor call: Terex scheduled a conference call for October 28 at 8:30 a.m. Eastern Time and said presentation slides would be available on its investor website.
The reported sales growth rate is substantially higher than the pro forma rate, so the two measures offer different views of the year-over-year comparison. Adjusted earnings and EBITDA also exceed their reported counterparts; the figures provided do not detail the adjustments.