TEX changes
Pick any two versions below to diff them.
- Checkpoints
- Oct 28, 2026: Q3 2026 results: Aerials margin and second-half step up. Failed. Watch: A higher Aerials margin than in Q2, an adjusted EBITDA margin above 12% and the 2026 outlook kept pass; a cut to the outlook fails. Outcome: The Aerials margin rose to 8.7% and the adjusted EBITDA margin was 13.0%, but Terex lowered its 2026 adjusted EBITDA outlook to $930 million to $960 million. added: Dec 2026 (estimate): New leader for Environmental Solutions. Pending. Watch: Terex names a successor to Patrick Carroll on or before December 31, 2026, and this passes; no successor by then fails. Jan 28, 2027 (estimate): FY 2026 results and 2027 guidance. Pending. Watch: Adjusted EPS of $4.80 to $5.00 for 2026, free cash flow of $360 million to $400 million and REV synergies on plan pass; a miss of the outlook fails. Q1 2027 (estimate): Outcome of the Aerials separation. Pending. Watch: A sale or separation of Aerials at a fair price, with the money used to cut debt or buy back shares, passes; no deal or a low price fails.
- Recent events
- added: Nov 6, 2026: Patrick Carroll, President of the Environmental Solutions segment, told Terex that he plans to retire on May 14, 2027. Terex expects to name a successor on or before December 31, 2026. He will lead the segment until he retires. Oct 28, 2026: Terex reported Q3 2026 results. Sales rose 58.4% to $2.2 billion with REV Group, and 11.6% on a pro forma basis. added: Net income was $114 million, or $1.00 per diluted share. Adjusted EBITDA was $286 million, a 13.0% margin, and adjusted EPS was $1.50. added: Backlog was $7.0 billion. Aerials sales rose 32%, and its adjusted EBITDA margin rose to 8.7% from 5.7% in Q2 2026. Environmental Solutions sales fell 8% on lower refuse truck shipments. Terex narrowed its 2026 outlook to sales of $8.0 billion to $8.2 billion and adjusted EPS of $4.80 to $5.00, lowered adjusted EBITDA to $930 million to $960 million and raised free cash flow to $360 million to $400 million. The board approved a new $500 million share buyback. Terex said that it was in active talks with multiple strategic parties about the Aerials separation. Oct 23, 2026: Terex completed the sale of its Capacity and LayMor businesses to Right Lane Industries for about $33 million in total. Both businesses were in the Specialty Vehicles segment. Jul 31, 2026: Terex filed pro forma financial statements for the combined company with REV Group for H1 2026 and for 2025. Jul 30, 2026: Terex reported Q2 2026 results. Sales rose 50.5% to $2.2 billion with REV Group, and 8.5% on a pro forma basis. Adjusted EBITDA was $269 million, a 12.0% margin, and adjusted EPS was $1.37. Bookings rose 25.2% on a pro forma basis, and Aerials bookings rose 71%. Terex raised its 2026 outlook to sales of $7.9 billion to $8.2 billion and adjusted EPS of $4.70 to $5.10. It said that the strategic review of Aerials has interest from multiple parties. Jun 25, 2026: Shareholders approved the 2026 Omnibus Incentive Plan at the annual meeting. May 1, 2026: Terex reported Q1 2026 results, with the first 58 days of REV Group. Sales rose 41% to $1.7 billion, and 11% on a pro forma basis. Merger-related charges led to a loss from continuing operations of $93 million, and adjusted EPS was $0.98. Backlog grew to $7.1 billion.