TEREX CORP (TEX) SEC Filings

TEREX CORP (TEX) reported that Patrick S. Carroll, President, Environmental Solutions, acquired 39 shares of common stock on September 3, 2026 at $61.15 per share, through payroll deductions under the company’s Deferred Compensation Plan. After this acquisition, he directly holds 102,453 shares, which total includes previously reported restricted stock units.

Terex Corp (TEX) reports that Senior Vice President and CFO Jennifer Kong-Picarello acquired 20 shares of common stock on August 5, 2026 at $66.40 per share. The shares were purchased through payroll deductions under the company's Deferred Compensation Plan. Following this acquisition, she directly holds 87,817 shares, and this total includes previously reported restricted stock units.

Terex Corp executive Patrick S. Carroll, Pres., Environmental Solutions, acquired 36 shares of common stock on 2026-08-05 at $66.40 per share. The shares were purchased through payroll deductions under the Company's Deferred Compensation Plan, bringing his direct holdings to 102,414 shares, including previously reported restricted stock units.

Terex Corporation reported strong second quarter 2026 results, with consolidated sales of $2.24 billion, up 51% as reported and 8.5% on a proforma basis. Adjusted EBITDA was $269 million, up $26 million or 10.7% proforma, and adjusted EPS was $1.37, supported by healthy demand and synergy realization.

Bookings were $2.0 billion, up 25% year over year on a proforma basis, and backlog reached $6.9 billion, giving visibility for the second half. All segments grew sales, with particularly strong margins in Materials Processing and Specialty Vehicles, while Aerials improved margins sequentially despite tariff headwinds.

Management raised full-year 2026 guidance to sales of $7.9–$8.2 billion and adjusted EBITDA of $960 million–$1.0 billion, implying about 14.5% proforma EBITDA growth and a 12.2% margin at the midpoint. Adjusted EPS guidance increased to $4.70–$5.10, and free cash flow is projected at $300–$350 million, including about $28 million of synergies.

Terex Corporation has established a shelf registration that permits the company to offer and sell, from time to time, a mix of debt securities, preferred stock, depositary shares, common stock and warrants in one or more offerings. Specific terms, including pricing and amounts, will be set in future prospectus supplements.

Terex is a global industrial equipment manufacturer operating four segments: Environmental Solutions, Materials Processing, Specialty Vehicles and Aerials, with products used across construction, utilities, waste and recycling, emergency response and recreational vehicles. The company recently completed a transaction involving REV Group, Inc., whose financial statements are incorporated by reference.

Net proceeds from any future security sales may be used for operations and other general corporate purposes, including repayment or refinancing of borrowings, working capital, capital expenditures, investments, acquisitions and repurchases of outstanding securities. Investors are directed to the incorporated risk factors in Terex’s latest Form 10-K, subsequent Forms 10-Q and 8-K, and related documents.

Terex Corporation has completed its previously announced acquisition of REV Group, Inc. and provides additional financial detail. The provisional purchase consideration is $3,384 million, made up of $426 million in cash to REV shareholders, repayment of $122 million of REV debt at closing, equity valued at $2,828 million through the issuance of 47.9 million Terex shares, and $8 million of converted unvested share-based awards. Each REV share was converted into 0.9809 Terex shares plus $8.71 in cash. Pro forma combined results show net sales of $4,162 million and net income of $135 million for the six months ended June 30, 2026, and net sales of $7,885 million with net income of $58 million for 2025, all presented for illustrative purposes only.

The REV standalone unaudited results for the quarter ended January 31, 2026 show net sales of $552.1 million, operating income of $31.3 million and net income of $13.3 million, or $0.27 per diluted share, on net cash used in operating activities of $10.4 million. Results include a non-cash loss of $11.6 million on assets of the Midwest Automotive Designs business classified as held for sale; that sale closed on February 9, 2026. REV reported total assets of $1,282.8 million, shareholders’ equity of $418.2 million, long‑term debt of $121.0 million under an asset‑based lending facility, and remaining performance obligations of $3,415.6 million, with $1,435.5 million expected to convert to revenue within twelve months.

Terex Corporation reported consolidated net sales of $2,238 million for the quarter ended June 30, 2026, up 50.5% from $1,487 million a year earlier, with revenue growth in all segments. Net income was $110 million, compared with $72 million, and diluted earnings per share were $0.96 versus $1.09. Adjusted EBITDA was $269 million, including $94 million from the newly created Specialty Vehicles (SV) segment.

Results reflect the completed acquisition of REV Group, Inc. on February 2, 2026, a stock-and-cash transaction with provisional consideration of $3,384 million, including 47.9 million Terex shares and $426 million in cash. The deal added $1,470 million of goodwill and $1,989 million of identifiable intangible assets, significantly increasing total assets to $10,344 million. Backlog was $6.9 billion, and management reports free cash flow of $101 million for the quarter and available liquidity of about $1,097 million, while long-term debt (including current portion) totaled $2,687 million.

Terex Corporation reported strong second quarter 2026 results, with sales of $2.2 billion, up 50.5% on a reported basis and 8.5% on a pro forma basis. Net income was $110 million and adjusted net income was $156 million. Adjusted EBITDA reached $269 million, a 12.0% margin and up 10.7% year over year on a pro forma basis. Diluted EPS was $0.96, while adjusted EPS was $1.37.

Backlog was $6.9 billion, up $257 million or 3.9% on a pro forma basis, with bookings of $2.0 billion, up 25.2% and a 90% book-to-bill. Free cash flow was $101 million, and liquidity totaled $1.1 billion as of June 30, 2026. Materials Processing and Specialty Vehicles delivered notably higher adjusted EBITDA, while Environmental Solutions and Aerials saw margin pressure. Based on performance, backlog and expected synergies, Terex raised its 2026 outlook to sales of $7.9–$8.2 billion, adjusted EBITDA of $960 million–$1.0 billion (12.2% margin at the midpoint), adjusted EPS of $4.70–$5.10, and free cash flow of $300–$350 million.

Terex Corporation plans to host a conference call on July 30, 2026 at 8:30 a.m. Eastern Time to review its second quarter 2026 financial results. The results will be released earlier that morning and made available, along with a live webcast and replay, at https://investors.terex.com.

The call will be led by President and CEO Simon Meester and Senior Vice President and CFO Jennifer Kong-Picarello. Terex designs and manufactures specialized equipment and vehicles for emergency services, waste and recycling, utilities, construction, and related markets, supported by a global manufacturing and service footprint.