Terex Corp reported second-quarter 2026 results with revenue rising to $2.24B and net income of $110M; diluted EPS was $0.96. Revenue grew about 50% year-over-year, driven largely by the REV acquisition and stronger shipments across Materials Processing and Utilities.
Financial Highlights
- Revenue was $2,238M for Q2 2026, compared with $1,487M in the year-ago quarter; YoY change 50.5%.
- Net income was $110M for Q2 2026, compared with $72M in the year-ago quarter; YoY change 52.8%.
- Diluted EPS was $0.96 for Q2 2026, compared with $1.09 in the year-ago quarter; YoY change (11.9%).
Business Highlights
- Revenue growth was driven largely by the REV acquisition, which added approximately $650M of SV sales in the quarter.
- North America became the dominant market, accounting for roughly 83% of sales as the company shifted toward U.S.-based resilient end markets.
- Integration of REV is ongoing alongside deployment of the Terex Operating System to capture synergies and productivity improvements.
- Product momentum included stronger Materials Processing and Utilities shipments and emphasis on EV/hybrid and recycling solutions.
- Backlog stood at $6.9B, providing multi-quarter visibility to support near-term production plans.
Original SEC Filing:
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