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TEXBullishEarningsnews
High materiality7/10

Terex strong Q3 results; raises 2026 outlook and initiates $500M buyback

Oct 28, 2026, 2:59 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The quarter showed meaningful top-line and EBITDA gains, a large backlog with clear visibility, and a new $500M buyback, all supporting upside. However, execution risk around the REV carve-out and external macro factors temper gains.

AI summary

What happened, with direct paths to the underlying reporting

Terex reports Q3 2026 net sales of $2.2B, backlog of $7.0B, and EBITDA gains driven by MP, SV and Aerials. Backlog and bookings rose materially, supporting forward visibility with a 103% book-to-bill. The company lifted full-year targets and authorized a $500M buyback, signaling confidence in ongoing synergies and cash generation to fund growth and returns.

  • Q3 net sales $2.197B; up 58.4% YoY; pro forma +11.6%.
  • Backlog $7.0B; up $802M; +12.9% pro forma.
  • Bookings $2.3B; up 52.7% YoY; book-to-bill 1.03.
  • 2026 outlook: sales $8.0–$8.2B; EBITDA $930–$960M; buyback $500M.

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