Truist Securities maintains Terex at Buy, raises price target to $87 from $85

Terex (TEX) agreed to acquire Keestrack, a Belgium-based manufacturer of mobile crushing and screening equipment. The deal, expected to close in Q4 2026, will expand Terex's portfolio and add manufacturing capabilities. Keestrack will operate independently post-acquisition.

Terex reported Q3 sales of $2.2B, up 11.6%, with adjusted EBITDA of $286M and EPS of $1.50. Operating cash flow was $241M, and free cash flow was $209M. The company raised its 2026 free cash flow outlook to $360M-$400M. Bookings rose 53% YoY, with growth across all segments and a backlog of $7B.

TEREX CORP (TEX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Third Quarter 2026 Earnings Release Conference Call October 28, 2026 Drew Konop – Terex Corporation – Vice President, Investor Relations Good morning and welcome to the Terex Corporation (“Terex” or “Company”) third quarter 2026 earnings conference call. A copy of the press relea

Terex reported Q3 2026 revenue of $2.2B, up 58.4% YoY, and net income of $114M, up 75.4% YoY. EPS was $1, up 2% YoY. The REV acquisition contributed $657M in revenue. Sales growth varied by segment, with Materials Processing up 4% and Aerials up 32%.

Terex (TEX) reported Q3 updates, including capacity expansions and operational initiatives. The company expects 2026 sales of $8B-$8.2B and adjusted EBITDA of $930M-$960M. It raised its free cash flow outlook to $360M-$400M and approved a $500M share repurchase program. Terex is also advancing the carve-out of its Aerials segment.

Terex Corp (TEX) reported Q3 2026 earnings, reducing full-year EBITDA guidance by $40M due to segment mix, inflation, and production inefficiencies. Environmental Solutions sales declined 8% YoY, while Aerial margins fell 180 bps YoY. Management expects inflation and tariff headwinds to persist into 2027. The company plans margin expansion in 2027, with ongoing efforts to improve lead times and pricing strategies.