Quarterly ResultJul 30, 2026, 02:19 PM
Terex Q2 Net Sales $2.24B, Net Income $110M; REV Group Merger Impacts Results
AI Summary
Terex reported Q2 2026 net sales of $2.24 billion, a significant increase from $1.49 billion in Q2 2025. Net income for Q2 2026 rose to $110 million from $72 million in the prior year, though diluted EPS decreased to $0.96 from $1.09. For the six months ended June 30, 2026, net sales increased to $3.97 billion, but net income decreased to $21 million from $93 million in the same period last year, largely influenced by the acquisition of REV Group, Inc. on February 2, 2026, and related purchase price accounting adjustments.
Key Highlights
- Completed acquisition of REV Group, Inc. on February 2, 2026.
- Q2 2026 Net Sales increased to $2.24 billion from $1.49 billion in Q2 2025.
- Q2 2026 Net Income rose to $110 million from $72 million in Q2 2025.
- Q2 2026 Diluted EPS decreased to $0.96 from $1.09 in Q2 2025.
- Six-month 2026 Net Sales increased to $3.97 billion from $2.72 billion in 2025.
- Six-month 2026 Net Income decreased to $21 million from $93 million in 2025.
- Goodwill increased to $2.56 billion from $1.09 billion due to the merger.
- Total assets increased to $10.34 billion from $6.14 billion, reflecting the acquisition.
Price Impact
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