Terex Corporation Reports Q1 2026 Results: Key Highlights and Investor Takeaways

Key Financial Results for Q1 2026

• GAAP Net Loss: Terex Corporation reported a net loss from continuing operations of (\$93) million, or (\$0.97) per share, compared to net income of \$21 million, or \$0.31 per share, in Q1 2025.
• Adjusted Results: Adjusted income from continuing operations was \$94 million, or \$0.98 per share, up from \$55 million, or \$0.83 per share, in Q1 2025.
• Investments & Capital Deployment: The company deployed \$26 million in capital expenditures and investments during the quarter to support business growth and operational improvements.
• Shareholder Returns: Terex returned \$19 million to shareholders via dividends. The company has \$183 million available for repurchase under existing share repurchase programs.

2026 Outlook and Guidance

• Net Sales Guidance: Full-year 2026 net sales are expected in the range of \$7.5 billion to \$8.1 billion.
• EBITDA Guidance: Projected EBITDA for 2026 is \$930 million to \$1 billion.
• EPS Outlook: Full-year adjusted EPS is guided in the range of \$4.50 to \$5.00.
• Average Shares Outstanding: Approximately 111 million average shares for 2026, with around 115 million expected in Q2-Q4.
• Effective Tax Rate: Full-year effective tax rate is expected to be approximately 21%.
• Tariffs: Assumes current tariff rates remain in place, including recently announced changes to 232 tariffs.
• Interest Expense: Interest costs are expected to be approximately \$190 million, consistent with pro-forma 2025 results.

CFO Commentary

Jennifer Kong-Picarello, Senior Vice President and CFO, noted that Q1 operational and financial results were consistent with expectations. She highlighted an adjusted EPS of \$0.98, which included about \$0.10 of tax favorability when comparing the Q1 rate to the full-year 2026 forecast. She affirmed the company’s continued focus on operational discipline and capital deployment to drive long-term shareholder value.

Additional Shareholder Highlights

• Share Repurchases and Dividends: Terex remains committed to returning capital to shareholders. \$19 million was returned in Q1 through dividends, and share repurchase capacity remains robust.
• Capital Allocation: \$26 million in capital expenditures and investments were made in the quarter, underlining the company’s focus on supporting future growth and operational improvements.

Potential Price-Sensitive Information

• Significant Swing in GAAP Profitability: The sharp movement from a profit in Q1 2025 to a net loss in Q1 2026 on a GAAP basis may be interpreted negatively by the market unless the adjustments and non-recurring costs are fully understood and accepted as non-indicative of ongoing performance.
• Strong Adjusted Results: Despite the GAAP loss, adjusted income and EPS showed strong growth. This could signal underlying operational improvement, which is price sensitive and may impact investor sentiment.
• 2026 Guidance: The company’s full-year guidance for sales, EBITDA, and EPS offers a clear view of management’s expectations, and any deviation from these targets in future updates could move the share price.
• Shareholder Return Policy: Continued commitment to dividends and share repurchases supports the stock but is subject to change if financial conditions deteriorate.
• Tariffs and Trade Policy: The company’s assumption that tariff rates remain unchanged is a risk factor. Any changes in tariffs could materially affect margins and profitability.
• Non-GAAP Adjustments: Investors should note that the company relies on non-GAAP measures to highlight core performance, but these exclude certain charges and may not be directly comparable to peers.

Conference Call and Webcast

Terex will host a conference call to discuss these results on Friday, May 1, 2026, at 8:30 a.m. ET. A slide presentation will accompany the call, accessible at https://investors.terex.com. The call will also be archived in the Event Archive for later review.

Forward-Looking Statements and Risk Factors

The company’s press release includes forward-looking statements regarding future events and performance. These are subject to a range of uncertainties, including but not limited to: execution of strategic initiatives, possible divestitures, competitive pressures, tariff and trade policy risks, general economic conditions, customer credit risk, foreign exchange volatility, and compliance with regulatory requirements. Changes in any of these factors could materially impact Terex’s performance and share value.

Summary Table: Q1 2026 vs Q1 2025

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with their financial advisor before making investment decisions. The information is based on company filings and may be subject to change. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially.

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