Terex stock: Q3 sales rise as board approves USD 500 million buyback

Published on 11/06/2026 at 01:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Terex reported stronger third-quarter demand and refined its full-year outlook. Its backlog reached USD 7 billion as bookings climbed on a pro forma basis.

What the third quarter changed

Terex reported stronger pro forma sales and bookings across its portfolio.
Management refined its 2026 sales, adjusted EBITDA and free cash flow outlook.
The board authorized additional capital for opportunistic share repurchases.

TEX, US8807791038, Illustration mit AI erstellt.

Terex reported stronger third-quarter operating momentum on October 28, 2026, as sales, bookings and backlog increased. In its earnings release, the company said reported sales rose 58.4 percent to USD 2.2 billion, while pro forma sales increased 11.6 percent from the year-earlier quarter.

Terex stock traded at 48.60 euros on Lang & Schwarz at 23:00 CET on Thursday, November 5, 2026. Investors can follow the real-time quote of Terex stock.

Orders strengthen forward visibility

Bookings reached USD 2.3 billion, up 52.7 percent year over year on a pro forma basis. Terex said the book-to-bill ratio was 103 percent, while backlog increased to USD 7.0 billion, up USD 802 million or 12.9 percent on the same basis.

Growth was uneven across the portfolio. Materials Processing sales increased on a pro forma basis and adjusted EBITDA improved to USD 84 million, while Specialty Vehicles generated USD 657 million of sales and USD 105 million of adjusted EBITDA. Aerials sales rose 32.0 percent to USD 709 million, but its adjusted EBITDA margin declined to 8.7 percent. Environmental Solutions sales fell 8.0 percent to USD 400 million amid lower refuse collection vehicle shipments and production ramp-up effects.

Outlook and capital allocation

Terex refined its 2026 outlook to sales of USD 8.0 billion to USD 8.2 billion, adjusted EBITDA of USD 930 million to USD 960 million and free cash flow of USD 360 million to USD 400 million. Adjusted diluted earnings per share guidance remains USD 4.80 to USD 5.00.

The board also approved a new USD 500 million share repurchase authorization. Together with approximately USD 111 million remaining under prior programs, the stated available capacity reached USD 611 million. Terex returned USD 91 million to shareholders during the quarter through USD 72 million of repurchases and USD 19 million of dividends.

Terex business and market position

Terex designs and manufactures specialized equipment for emergency services, waste and recycling, utilities, construction and related infrastructure markets. Its portfolio includes specialty vehicles, waste collection vehicles, materials processing machinery, mobile elevating work platforms and utility equipment. The company is headquartered in Norwalk, Connecticut, and operates manufacturing and commercial activities across the United States, Europe, India and Asia Pacific.