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Get filing alertsTerex reports Q1 sales up 41% to $1.7B, reaffirms 2026 outlook despite merger charges
Filed May 1, 2026 · Period ending May 1, 2026 · ~1 min read
Key Changes
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Q1 2026 sales reached $1.7B, up 41% reported (11% proforma including REV Group acquisition), with adjusted EPS of $0.98 vs. $0.83 prior year; GAAP loss of $93M driven by non-cash merger-related charges from REV integration.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Company reaffirmed full-year 2026 outlook: sales of $7.5-$8.1B and EBITDA of $930M-$1B (up 12% proforma, 12.4% margin at midpoint), with EPS guidance of $4.50-$5.00 and $28M in expected REV synergies.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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REV Group integration on track to deliver $28M in 2026 synergies through overhead elimination, targeting $75M annual run-rate within 24 months; Specialty Vehicles segment contributed $436M in sales during 58 days owned in Q1.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Backlog grew to $7.1B with 109% book-to-bill ratio; bookings of $2.1B down 1.1% year-over-year proforma due to timing but up 14% on rolling six-month basis, providing strong forward revenue visibility.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
Terex reported first quarter 2026 results showing strong top-line growth driven by the February 2 acquisition of REV Group, now operating as the Specialty Vehicles segment. Sales of $1.7 billion were up 41% on a reported basis and 11% on a proforma basis.
The company posted a GAAP loss of $93 million ($0.97 per share) due to significant non-cash and merger-related charges from the REV integration, but adjusted EPS of $0.98 exceeded the prior year's $0.83. Management reaffirmed its full-year 2026 outlook for sales of $7.5-$8.1 billion and EBITDA of $930 million to $1 billion, representing 12% proforma growth with a 12.4% margin at the midpoint.
The REV integration is progressing as planned, with the company on track to realize approximately $28 million in synergies during 2026 through overhead elimination and targeting a $75 million annual run-rate within 24 months. Backlog of $7.1 billion and a 109% book-to-bill ratio provide strong forward visibility. However, the Aerials segment experienced margin pressure, with adjusted EBITDA falling to breakeven from 4.4% in the prior year, primarily due to tariffs that were not in effect last year, along with temporary unfavorable product mix and pricing timing. Management noted that recent changes to 232 tariffs are expected to have negligible full-year impact given the segment's predominantly domestic US manufacturing footprint. The quarter's operational performance was in line with management's expectations.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Terex disclosed Q1 2026 financial results via press release.
Added in current filing · verify on EDGAR →
Terex Corporation (“Terex”) issued a press release on May 1, 2026, in which Terex provided certain first quarter 2026 financial results.
Terex announced its first quarter 2026 financial results through a press release dated May 1, 2026. The 8-K itself does not contain the actual financial figures; those are provided in the attached press release exhibit. This is a standard quarterly earnings disclosure.
Event · Item 7.01 — Regulation FD Disclosure
Terex scheduled a conference call for May 1, 2026, at 8:30 a.m. ET with accompanying slide presentation posted on its investor website.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Terex will host a conference call on Friday, May 1, 2026, at 8:30 a.m. Eastern Time. Terex will post on its website a slide presentation that will accompany the conference call.
The company disclosed it will hold a conference call on May 1, 2026, at 8:30 a.m. Eastern Time, with an accompanying slide presentation available on its investor relations website. This is a procedural disclosure under Regulation FD to notify investors of the scheduled call.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Sales of $1.7 billion, up 41% on a reported basis, proforma sales up 11%
•Income from continuing operations of ($93) million, including significant non-cash and other merger-related charges
•Adjusted EBITDA7 of $173 million or 9.9% margin
•EPS from continuing operations of ($0.97) with an adjusted1 EPS from continuing operations of $0.98
Terex reported first quarter 2026 sales of $1.7 billion, up 41% year-over-year on a reported basis (11% on a proforma basis including the REV Group acquisition). The company posted a GAAP loss from continuing operations of $93 million or ($0.97) per share, driven by significant non-cash and merger-related charges from the REV integration. Excluding these charges, adjusted EPS was $0.98, up from $0.83 in the prior year, and adjusted EBITDA was $173 million (9.9% margin).
Added in current filing · view on EDGAR →
Reaffirming 2026 Outlook5: Sales of $7.5 to $8.1 billion and EBITDA7 of $930 million to $1 billion, up $100 million or 12% year over year on a proforma13,14 basis with a 12.4% EBITDA margin at the midpoint
The company reaffirmed its full-year 2026 outlook for sales of $7.5 to $8.1 billion and EBITDA of $930 million to $1 billion (representing 12% growth on a proforma basis with 12.4% margin at midpoint). The outlook includes 11 months of the Specialty Vehicles segment, $28 million of realized synergies, an effective tax rate of approximately 21%, and EPS guidance of $4.50 to $5.00. Management noted that Q1 operational performance was in line with expectations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify