TEREX CORP — Form 8-K
Filed October 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Terex reported Q3 2026 sales of $2.2 billion (up 11.6% proforma YoY) and adjusted EBITDA of $286 million (up 14% proforma). The company raised full-year 2026 guidance to $8.0–$8.2 billion sales and $930–$960 million EBITDA (midpoint ~10% EBITDA growth). Key drivers: Materials Processing backlog hit 2-year high ($676M); Specialty Vehicles expanded capacity; Environmental Solutions facing temporary ramp inefficiencies at Waukesha; Aerials bookings surged 194% YoY to $646M, with backlog now $852M. The Aerials separation process is active with multiple strategic counterparties; no timeline disclosed. Consolidated backlog reached $7 billion with 103% book-to-bill ratio.
Why this rating
Strong Q3 execution, raised FY guidance, $7B backlog, and 103% book-to-bill are material positive catalysts. However, ~8% sales growth and 11.7% margin are moderate, not transformational. ES ramp inefficiencies are temporary headwind. Aerials separation could be material but lacks detail/timing.
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