Revenue: As of FY2026 Q2, the actual value is USD 2.238 B, beating the estimate of USD 2.141 B.

EPS: As of FY2026 Q2, the actual value is USD 0.96, missing the estimate of USD 1.2377.

EBIT: As of FY2026 Q2, the actual value is USD 184 M.

Consolidated Performance (Second Quarter 2026 vs. Second Quarter 2025)

Terex Corporation reported net sales of $2.2 billion for the second quarter of 2026, marking a 50.5% increase on a reported basis compared to the second quarter of 2025, and an 8.5% increase year-over-year on a pro forma basis. Net income for the quarter was $110 million, compared to $72 million in the second quarter of 2025. Adjusted net income reached $156 million, up from $98 million in the prior-year period. Adjusted EBITDA totaled $269 million, representing a 12.0% margin, which was an increase of $26 million, or 10.7%, on a pro forma basis compared to the second quarter of 2025. Gross profit for Q2 2026 was $444 million, up from $308 million in Q2 2025. Selling, general, and administrative expenses were - $209 million in Q2 2026, compared to - $162 million in Q2 2025. Operating profit for Q2 2026 was $187 million, an increase from $129 million in Q2 2025, with an operating margin of 8.4%. The company’s backlog stood at $6.9 billion, an increase of $257 million, or 3.9%, on a pro forma basis compared to the prior year. Bookings were $2.0 billion, a 25.2% increase year-over-year on a pro forma basis, resulting in a book-to-bill ratio of 90%.

Cash Flow and Liquidity (Second Quarter 2026)

Free cash flow for the second quarter of 2026 was $101 million, an increase of $23 million from the prior-year period. As of June 30, 2026, total liquidity, including cash and availability under the revolving line of credit, was $1.1 billion. Capital expenditures and investments for the second quarter of 2026 amounted to $33 million. Terex Corporation returned $20 million to shareholders through dividends during the second quarter of 2026. The company has approximately $183 million available for repurchase under its share repurchase programs.

Segment Performance (Second Quarter 2026 vs. Second Quarter 2025)

• Environmental Solutions: Net sales were $456 million, up 5.9% compared to $430 million in Q2 2025. Adjusted EBITDA was $80 million, or 17.5% of net sales, decreasing from $86 million, or 20.0% of net sales in Q2 2025.
• Materials Processing: Net sales reached $464 million, a 2.2% increase year-over-year from $454 million, with pro forma net sales up 11.1%. Adjusted EBITDA was $87 million, or 18.8% of net sales, an improvement from $62 million, or 13.8% of net sales in Q2 2025.
• Specialty Vehicles: Net sales were $650 million, growing 6.2% year-over-year on a pro forma basis. Adjusted EBITDA was $94 million, or 14.5% of net sales, compared to $76 million, or 12.4% of net sales on a pro forma basis in Q2 2025.
• Aerials: Net sales were $673 million, up 10.9% from $607 million in Q2 2025. Adjusted EBITDA was $38 million, or 5.7% of net sales, down from $55 million, or 9.1% of net sales in Q2 2025.

Year-to-Date (YTD) June 30, 2026 Financial Highlights

Net sales for the six months ended June 30, 2026, were $3,972 million, compared to $2,716 million for the same period in 2025. Net income was $21 million for YTD 2026, compared to $93 million for YTD 2025. Net cash provided by operating activities was $97 million for YTD 2026, up from $81 million for YTD 2025. Net cash used in investing activities was - $488 million for YTD 2026, compared to - $38 million for YTD 2025.

2026 Outlook

Terex Corporation is raising its full-year 2026 outlook, projecting sales to grow approximately 7% on a pro forma basis to a range of $7.9 billion to $8.2 billion. The company anticipates Adjusted EBITDA to increase by $124 million or 14.5% year-over-year on a pro forma basis, reaching between $960 million and $1 billion, with a 12.2% Adjusted EBITDA margin at the midpoint. Free cash flow is expected to be between $300 million and $350 million.

Segment Net Sales Outlook for 2026

• Environmental Solutions: Revenue is expected to be up low single-digits (LSD) from a prior year baseline of $1,691 million.
• Materials Processing: Revenue is projected to be up low double-digits (LDD) from a prior year baseline of $1,578 million.
• Specialty Vehicles: Revenue is expected to be up high single-digits (HSD) from a prior year baseline of $2,179 million.
• Aerials: Revenue is anticipated to be up low double-digits (LDD) from a prior year baseline of $2,060 million.