Description
Terex Corporation’s Hidden Catalyst — Bookings Surge 25% As Backlog Hits $6.9 Billion!
Terex Corporation reported second quarter 2026 results marked by revenue growth across all segments and improved earnings conversion. Consolidated revenue on a pro forma basis grew by 8.5% year-over-year to $2.2 billion, supported by strong demand in materials processing, specialty vehicles, aerials, and environmental solutions. Adjusted EBITDA increased 10.7% to $269 million with a margin of 12%, slightly improving over the prior year’s 11.8%. Bookings rose 25% year-over-year, lifting backlog to $6.9 billion. The company reaffirmed a positive demand environment underpinned by infrastructure investments, growth in nonresidential construction, municipal fleet replacements, and utilities grid modernization initiatives. Within segments, Specialty Vehicles, following the REV Group merger, delivered record earnings despite cost inflation, with improved throughput and capacity expansions underway. The Environmental Solutions segment experienced mixed conditions: although the refuse collection vehicle (RCV) business faced temporary softness due to inventory rebalancing and delayed EPA regulation pre-buys, utility-related products showed robust demand.
