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AI brief of an SEC Form 8-K · Terex (TEX)

Terex Q3 sales rise 58.4% to $2.2 billion; board approves $500 million buyback

Positive Impact 4 of 5 earnings

Terex reported third quarter 2026 sales of $2.2 billion, up 58.4% on a reported basis and 11.6% on a pro forma basis, with net income of $114 million versus $65 million a year earlier. The company refined its full-year 2026 outlook and said it is actively engaging with multiple strategic counterparties on a possible separation of its Aerials segment, and its board approved a new $500 million share repurchase authorization.

Key points

  • Q3 diluted EPS was $1.00 versus $0.98 a year earlier; adjusted diluted EPS was $1.50 in both periods
  • Adjusted EBITDA was $286 million, a 13.0% margin, up $35 million or 13.9% on a pro forma basis
  • 2026 outlook: sales of $8.0 to $8.2 billion, adjusted EBITDA of $930 million to $960 million, adjusted diluted EPS of $4.80 to $5.00
  • Board approved a new $500 million share repurchase program, bringing total available repurchase authority to $611 million

The filing

CompanyTerex (TEX)
Form8-K, current report
Filed with the SECOct 28, 2026, 7:04 AM ET
Accession number0000097216-26-000138

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.