TEX changes
Pick any two versions below to diff them.
- Price
- $56.15 → $57.61(+2.6%)
- Balance sheet
- Cash: $407M Debt: $2.6B Net debt: $2.2B Interest cover: 3.7× Debt due within 12 months: $24M Last debt due: 2032 Terex funds itself with senior notes and a term loan. The 10-Q for removed: June 30, added: Q3 2026, added: filed on October 29, 2026, lists removed: $600 added: $598 million of 5% senior notes due May 15, 2029, removed: $750 added: $737 million of 6.25% senior notes due October 15, 2032, and added: $1,212 million of term debt due October 8, removed: 2031. added: 2031, all net of issuance costs. The removed: 10-Q for Q3 2026 is not filed yet. added: revolving credit line was undrawn. At September 30, 2026, long-term debt was $2,554 million and the current portion was $24 million, net of issuance costs. Cash was $407 million. Terex cut debt by $113 million in Q3 2026. Interest cover is operating profit divided by interest expense for Q3 2026. Liquidity, cash plus availability under the revolving credit line, was $1.2 billion. The $800 million revolving credit facility ends on October 8, 2029. Free cash flow was $209 million in Q3 2026, and Terex expects $360 million to $400 million for 2026. In Q3 2026, it bought back $72 million of shares and paid $19 million of dividends. With a new $500 million authorization, about $611 million is available for buybacks. As of Sep 30, 2026.
- Recent events
- Oct 28, 2026: Terex reported Q3 2026 results. Sales rose 58.4% to $2.2 billion with REV Group, and 11.6% on a pro forma basis. Adjusted EBITDA was $286 million, a 13.0% margin, and adjusted EPS was $1.50. Aerials sales rose 32%, and its adjusted EBITDA margin rose to 8.7% from 5.7% in Q2 2026. Environmental Solutions sales fell 8% on lower refuse truck shipments. Terex narrowed its 2026 outlook to sales of $8.0 billion to $8.2 billion and adjusted EPS of $4.80 to $5.00, lowered adjusted EBITDA to $930 million to $960 million and raised free cash flow to $360 million to $400 million. The board approved a new $500 million share buyback. Terex said that it was in active talks with multiple strategic parties about the Aerials separation. added: Oct 23, 2026: Terex completed the sale of its Capacity and LayMor businesses to Right Lane Industries for about $33 million in total. Both businesses were in the Specialty Vehicles segment. Jul 31, 2026: Terex filed pro forma financial statements for the combined company with REV Group for H1 2026 and for 2025. Jul 30, 2026: Terex reported Q2 2026 results. Sales rose 50.5% to $2.2 billion with REV Group, and 8.5% on a pro forma basis. Adjusted EBITDA was $269 million, a 12.0% margin, and adjusted EPS was $1.37. Bookings rose 25.2% on a pro forma basis, and Aerials bookings rose 71%. Terex raised its 2026 outlook to sales of $7.9 billion to $8.2 billion and adjusted EPS of $4.70 to $5.10. It said that the strategic review of Aerials has interest from multiple parties. Jun 25, 2026: Shareholders approved the 2026 Omnibus Incentive Plan at the annual meeting. May 1, 2026: Terex reported Q1 2026 results, with the first 58 days of REV Group. Sales rose 41% to $1.7 billion, and 11% on a pro forma basis. Merger-related charges led to a loss from continuing operations of $93 million, and adjusted EPS was $0.98. Backlog grew to $7.1 billion.