Terex sales jump 50.5% in Q2

Equipment manufacturer Terex’s sales jumped in the second quarter following its merger with REV Group, while sales increased across all four business segments on a pro forma basis.

Terex’s booking trends reflected improving demand across several equipment markets, President and Chief Executive Simon Meester said during today’s earnings call.

“Across our end markets, we’re seeing higher utilization rates for our products, increasing capital expenditures by our customers and positive sentiment from channel partners,” he said.

Norwalk, Conn.-based Terex reported these Q2 results:

• Total net sales jumped 50.5% year over year on a reported basis to $2.2 billion and increased 8.5% on a pro forma basis;
• Environmental Solutions sales increased 5.9% YoY to $456 million;
• Materials Processing sales rose 2.2% YoY to $464 million and increased 11.1% on a pro forma basis;
• Specialty vehicles sales increased 6.2% YoY on a pro forma basis to $650 million;
• Aerials sales rose 10.9% YoY to $673 million;
• Terex’s bookings increased 25.2% YoY on a pro forma basis to $2 billion with a book-to-bill ratio of 90%; and
• Backlog increased 3.9% to $6.9 billion.

The company raised its 2026 outlook and now expects net sales between $7.9 billion and $8.2 billion, according to the release. Terex also projects adjusted EBITDA of $960 million to $1 billion and free cash flow of $300 million to $350 million.

Terex completed its merger with REV Group on Feb. 2, adding fire trucks, ambulances and recreational vehicles to its portfolio through the new Specialty vehicles segment, according to the company’s website.

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