Terex stock: Q3 sales jump as board approves USD 500 million buyback
Published on 11/13/2026 at 00:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTerex strengthens its forward view
- Third-quarter bookings rose 52.7 percent on a pro forma basis, lifting backlog to 7.0 billion US dollars.
- Management expects 2026 sales of 8.0 billion to 8.2 billion US dollars and free cash flow of 360 million to 400 million US dollars.
- The board approved a new 500 million US dollar share repurchase authorization while Terex advances the planned Aerials separation.
Terex reported stronger third-quarter demand on October 28, 2026, as bookings and backlog improved across its portfolio. The company also refined its full-year outlook and authorized another share repurchase program, according to the Terex investor relations release.
Terex stock traded at 51.75 euros on Lang & Schwarz at 23:00 CET on Thursday, November 12. No dated Xetra closing price is used for a percentage comparison here.
Orders improve revenue visibility
Terex recorded third-quarter sales of 2.2 billion US dollars, up 58.4 percent on a reported basis and 11.6 percent on a pro forma basis. Net income reached 114 million US dollars, while adjusted EBITDA was 286 million US dollars and adjusted diluted earnings per share were 1.50 US dollars.
Bookings rose 52.7 percent year over year on a pro forma basis to 2.3 billion US dollars. The 7.0 billion US dollar backlog was 12.9 percent above the prior-year level on the same basis, and the book-to-bill ratio reached 103 percent. The figures provide order visibility, but execution, production costs and customer investment cycles remain important variables.
Outlook and capital allocation
Terex expects 2026 sales of 8.0 billion to 8.2 billion US dollars, adjusted EBITDA of 930 million to 960 million US dollars and free cash flow of 360 million to 400 million US dollars. The outlook includes approximately 28 million US dollars of realized synergies and an adjusted diluted earnings-per-share range of 4.80 to 5.00 US dollars.
The board approved a new 500 million US dollar repurchase authorization. Together with approximately 111 million US dollars remaining under existing programs, total available repurchase capacity was about 611 million US dollars at the end of the quarter. Terex also said it had moved the Aerials separation process from evaluating inbound interest to active engagement with multiple strategic counterparties.
Terex business and competition
Terex is a United States-based manufacturer of specialized equipment for emergency services, waste and recycling, utilities and construction. Its portfolio includes specialty vehicles, refuse collection equipment, materials processing machinery, Genie aerial work platforms and telehandlers, supported by parts, service and dealer networks. The company serves municipalities, contractors, rental companies, utilities and industrial customers across North America, Europe and Asia Pacific. According to Stockrow, competition varies by product line and includes Oshkosh, Federal Signal, Metso, Sandvik, Caterpillar, Haulotte and JCB, leaving Terex as a diversified specialist rather than a single-market leader.
Terex Corporation at a glance
- Company: Terex Corporation
- ISIN: US8807791038
- Ticker: TEX
- Home exchange: New York Stock Exchange
- Lang & Schwarz price: 51.75 euros at 23:00 CET on Thursday, November 12, 2026
- Previous close: 52.00 euros
- Sector: Industrials
Terex operates in the US market, where investors also follow the S&P 500.
