Terex Q2 Sales Surge 50% to $2.2B on REV Acquisition; Full-Year Guidance Raised

summarizeSummary

Terex reported Q2 2026 sales of $2.2B (+50.5% YoY) and adjusted EPS of $1.37, beating expectations, and raised full-year guidance. The REV Group acquisition drove the surge, with backlog reaching $6.9B.

check_boxKey Events · Earnings and Guidance · TEX

• Q2 Sales Surge 50.5% to $2.2B

  Net sales reached $2,238 million, up from $1,487 million a year ago, driven by the REV Group acquisition (Specialty Vehicles contributed $650 million) and organic growth across all segments.

• Adjusted EPS of $1.37 Beats Consensus

  Adjusted earnings per share of $1.37 exceeded expectations, compared to $1.09 in Q2 2025. GAAP net income was $110 million, or $0.96 per diluted share.

• Full-Year Guidance Raised

  Management increased its 2026 outlook, citing strong demand and integration progress. The company now expects higher sales and earnings than previously forecast.

• Record Backlog of $6.9 Billion

  Backlog as of June 30, 2026, reached $6.9 billion, up from $39 million at year-end 2025, reflecting the REV acquisition and robust order activity, providing multi-year revenue visibility.

auto_awesomeAnalysis · TEX · Technology

A blowout second quarter saw sales jump 50.5% to $2.2 billion, fueled by the February acquisition of REV Group. Adjusted EPS of $1.37 beat consensus, prompting management to raise its full-year outlook. The Specialty Vehicles segment contributed $650 million in revenue, while legacy businesses also grew. A record backlog of $6.9 billion provides strong visibility. The balance sheet remains solid with $1.1 billion in liquidity, though debt increased to fund the REV deal. This quarter marks the first full period including REV, and the strong results validate the transformative acquisition.