Terex Corporation (NYSE:TEX) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 29, 2026, reporting third-quarter net sales of $2.197 billion and net income of $114 million from continuing operations.

Key Highlights

  • Net sales of $2.197 billion for the three months ended September 30, 2026, compared with $1.387 billion in the same quarter of 2025, according to the filing.
  • Gross profit of $435 million for Q3 2026, up from $299 million in Q3 2025, as reported in the condensed consolidated statements.
  • Operating profit of $183 million for the three months ended September 30, 2026, compared with $140 million in the prior-year quarter.
  • Net income of $114 million for Q3 2026, versus $65 million in Q3 2025, per the filing.
  • Nine-month net sales of $6.169 billion for the period ended September 30, 2026, compared with $4.103 billion for the same period in 2025.
  • Nine-month net income of $135 million, including $4 million from discontinued operations, versus $158 million for the first nine months of 2025.
  • 112.4 million shares of common stock outstanding as of October 27, 2026, per the cover page.

Terex Q3 2026 Financial Results: Revenue Growth Following REV Group Transaction

According to the filing, Terex Corporation reported net sales of $2.197 billion for the three months ended September 30, 2026, a substantial increase from $1.387 billion in the comparable prior-year period. Cost of goods sold for Q3 2026 was $1.762 billion, resulting in gross profit of $435 million. Selling, general and administrative expenses were $199 million, and amortization of purchased intangibles was $53 million for the quarter, compared with $17 million in Q3 2025.

The company disclosed operating profit of $183 million for Q3 2026 versus $140 million for Q3 2025. Interest expense for the quarter was $49 million, compared with $45 million a year earlier. Income before income taxes was $135 million, and after a provision for income taxes of $21 million, income from continuing operations was $114 million. For the nine months ended September 30, 2026, income from continuing operations was $131 million, with an additional $4 million from discontinued operations, bringing total net income to $135 million for the nine-month period.

The filing identifies the recent transaction with REV Group, Inc. as a factor affecting the company's operations, and notes in its forward-looking disclosures that Terex "may be unable to successfully integrate acquired or merged businesses, including REV Group, Inc." and "may be unable to effectively manage our expanded operations following the completion of the recent transaction with REV." These statements are the company's own and are subject to its cautionary language regarding forward-looking information. Nine-month SG&A expenses rose to $650 million in 2026 from $465 million in the same period of 2025, and nine-month amortization of purchased intangibles was $148 million versus $52 million a year ago.

What Was Disclosed

Terex Corporation filed a Form 10-Q for the quarter ended September 30, 2026, reporting quarterly net sales of $2.197 billion, operating profit of $183 million, and net income of $114 million, alongside nine-month figures and disclosures related to its REV Group transaction.