Description

Terex: The Journey From REV Group Integration to Margin Gains—Inside the Specialty Vehicles Transformation!

Terex Corporation reported a strong start to 2026, with first-quarter sales increasing by 41% year-over-year on a reported basis to $1.7 billion, primarily driven by the recent acquisition of REV and growth across all legacy business segments. On a pro forma basis, which adjusts for the merger and excludes divested businesses, sales grew approximately 11%, with Specialty Vehicles leading at 20% growth, complemented by robust increases in Materials Processing (MP) and Terex Utilities. The company’s earnings per share (EPS) rose 18% compared to the prior year to $0.98, boosted by a one-time favorable tax event of $0.10 per share and despite tariff pressures impacting some segments. Operationally, the integration of REV is progressing on schedule with synergy targets expected to generate $28 million in 2026 and a run rate of $75 million within two years.