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%.
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