Terex Shares Climb on Stronger Third-Quarter Sales and Raised Outlook

what happened

Terex shares rose 6.6% on Wednesday to $52.96 after the industrial equipment maker reported third-quarter results that beat expectations. According to Dow Jones Newswires, revenue reached $2.2 billion, up from $1.39 billion a year earlier and above the $2.16 billion analysts expected.

Net income rose to $114 million, or $1 a share, from $65 million, or 98 cents a share. Adjusted earnings were $1.50 a share, versus the $1.42 forecast cited by FactSet. Order backlog grew by $802 million to $7 billion, and bookings climbed 53% to $2.3 billion.

The company raised the low end of its 2026 sales target to $8 billion from $7.9 billion and kept the high end at $8.2 billion. It narrowed its adjusted earnings per share outlook to $4.80 to $5.00. Chief Executive Simon Meester said the company is making progress in separating its Aerials segment, moving from reviewing inbound interest to active talks with several strategic counterparties.

why it matters

Rising bookings and a larger backlog point to steady demand for specialty equipment, which matters for investors in the industrial sector. The Aerials separation remains a key development to watch, while the results mainly affect the company's own shares.

market impact

Terex shares: stronger sales and a higher outlook support the stock

• ▲Terex shares pressure up — revenue and earnings beat forecasts and the sales outlook was raised

tags

instruments