Quarterly ResultMay 5, 2026, 06:09 AM
Terex Q1 Sales $1.7B (+41%); EPS $0.98 (+18%); Reaffirms FY26 Outlook
AI Summary
Terex Corporation reported a solid start to 2026, with first-quarter sales increasing 41% to $1.7 billion on a reported basis, and proforma sales growing 10.8%. Earnings per share rose 18% year-over-year to $0.98. The company reiterated its full-year 2026 outlook, expecting sales of $7.5-$8.1 billion and EPS of $4.50-$5.00. Integration of the REV Group is progressing as planned, with $28 million in synergies expected for 2026.
Key Highlights
- Q1 2026 reported sales increased 41% to $1.7 billion; proforma sales grew 10.8%.
- Q1 2026 earnings per share (EPS) rose 18% year-over-year to $0.98.
- Quarter-ending backlog increased to $7.1 billion, with strong bookings in MP, Aerials, and Utilities.
- Reaffirmed full-year 2026 outlook: sales $7.5-$8.1 billion, EBITDA $930M-$1 billion, EPS $4.50-$5.00.
- Specialty Vehicles (SV) segment sales grew 20% to $436 million (Feb-Mar), with EBITDA margin of 14.2%.
- Materials Processing (MP) segment sales increased 18.3% proforma to $419 million, with EBITDA margin of 15%.
- REV integration on track for $28 million in synergies in 2026 and $75 million run-rate within 24 months.
- Net leverage ratio improved to 2.4x; Q1 free cash outflow was $57 million.