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Specialized equipment maker Terex Q3 sales beat on  higher shipment volumes

By Reuters News


Overview

  • U.S. specialized equipment maker's Q3 sales rose 58% to $2.2 bln, beating analyst expectations

  • Adjusted diluted EPS for Q3 was $1.50

  • Company authorized a new $500 mln share repurchase program


Outlook

  • Terex sees 2026 sales of $8.0 bln to $8.2 bln

  • Company expects 2026 adjusted EBITDA of $930 mln to $960 mln

  • Terex forecasts 2026 adjusted diluted EPS of $4.80 to $5.00


Result Drivers

  • SEGMENT SHIPMENTS - Co said sales growth was driven by higher shipment volumes in Materials Processing, Specialty Vehicles and Aerials segments

  • STRONG BOOKINGS - Co said Q3 bookings rose 52.7% year over year on a pro forma basis, supporting backlog growth across all segments

  • SEGMENT PERFORMANCE - Co said improvements in MP and SV segments drove adjusted EBITDA growth, citing higher volumes and operational efficiency


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$2.20 bln

$2.17 bln (11 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

  • Wall Street's median 12-month price target for Terex Corporation is $79.77, about 60.6% above its October 27 closing price of $49.68

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 27 - Rush Enterprises Q3 revenue beats analyst estimates on higher truck deliveries

  • Oct 27 - Truck maker Paccar Q3 revenue beats on parts, financial services growth

  • Oct 28 - Sweden's Epiroc Q3 revenue up 10% on mining demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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