AcquisitionsMay 1, 2026, 11:56 AM
TEREX Completes REV Group Acquisition; Q1 Net Loss $(89)M
AI Summary
TEREX CORP completed its acquisition of REV Group, Inc. on February 2, 2026, for a provisional purchase consideration of $3,384M, significantly expanding its operations into specialty vehicles. For Q1 2026, the company reported a net loss of $(89)M, a decline from a net income of $21M in Q1 2025, despite net sales increasing 41.1% to $1,734M, largely driven by the acquisition and the new Specialty Vehicles segment.
Key Highlights
- TEREX completed REV Group, Inc. acquisition on Feb 2, 2026, for $3,384M.
- Q1 2026 Net sales increased 41.1% to $1,734M from $1,229M YoY.
- Q1 2026 Net loss was $(89)M, compared to net income of $21M YoY.
- Q1 2026 Diluted EPS was $(0.93) vs $0.31 in Q1 2025.
- Specialty Vehicles (SV) segment, new from acquisition, generated $436M in sales.
- Total assets grew to $10,188M from $6,139M due to acquisition.
- Net cash used in operating activities was $(31)M, compared to $(21)M YoY.
- Cash and cash equivalents decreased to $392M from $772M.