Terex Reports Strong Q3 2026 Growth Driven by Bookings Surge and Materials Processing
Terex Corporation (TEX) reported robust third-quarter 2026 financial results, characterized by an 11.6% pro forma increase in net sales to $2.2 billion. The company saw a significant surge in consolidated bookings, which rose 52.7% pro forma to $2.3 billion, leading to a substantial consolidated backlog of $7.0 billion. This growth was largely propelled by strong performance in the Materials Processing and Specialty Vehicles segments. Despite the overall growth, the company faced segment-specific headwinds. The Environmental Solutions division saw an 8.0% decline in net sales due to lower shipments, while the Aerials segment experienced margin compression caused by inflationary pressures, tariffs, and unfavorable customer mix. However, strong operational execution in other areas helped drive adjusted EBITDA up by 13.9% pro forma to $286 million.
Tickers: $TEX
Topics: Adjusted EBITDA Backlog Bookings EPS Net Sales Segment Performance