Solid Second Quarter for Genie and Terex
Terex posted $2,238 million in second quarter 2026 net sales, compared to $1,497 million in the second quarter of 2025, a 50.5-percent increase. Adjusted EBITDA increased from $182 million in Q225 to $269 million in Q226, a 47.8-percent hike.
The aerial division jumped from $607 million to $673 million, a 10.9-percent increase.
For the first six months of the year, net sales totaled $3,972 million compared to $2,716 million for the first six months of 2025, a 46.2-percent jump.
The Genie division totaled $1,142 million in net sales in the first six months of the year, compared to $1,057 million in the first six months of 2025, an 8-percent hike, primarily the result of primarily increased shipments to national customers for mega projects and positive impacts from exchange rate changes. Adjusted1 EBITDA was $38 million, or 5.7 percent of net sales, for the second quarter of 2026, compared to $55 million, or 9.1 percent of net sales in the prior year. The decrease was primarily caused by more tariffs incurred in the current year period and inflationary pressures, partially offset by price realization, and cost actions.
Materials Processing posted $883 million in the recently concluded first half, compared to $836 million for the first six months of 2025, a 5.6-percent jump.
Environmental Solutions posted $456 million net sales in the second quarter compared to $430 million in the first quarter of 2025, a 6-percent increase. For the first six months, Environmental Solutions revenue totaled $867 million compared to $829 million in the first six months of 2025, a 4.6-percent increase.
Higher outlook for second half
"Terex delivered a strong second quarter, with revenue growth in all segments, improved profitability, and positive booking trends that reflect healthy demand across much of the portfolio," said Simon Meester, Terex president and CEO. "Our second quarter performance reflects strength in key businesses, strong execution by our teams, and increasing operational momentum across the company. While conditions remain mixed in certain end markets, demand continues to be favorable across most of our significantly improved portfolio, and we are making meaningful progress on our integration plans as we realize the benefits of expected synergies. With solid backlog visibility, improving demand indicators, and an operational plan that supports stronger second-half performance, we are raising our full-year outlook."
"Second quarter results reflected solid execution across the portfolio, including strong year-over-year incremental margin conversion in the Materials Processing and Specialty Vehicles segments, and free cash flow of $101 million, demonstrating the lower capital intensity of our new portfolio,” said Jennifer Kong-Picarello, Terex senior vice president and chief financial officer. Adjusted EPS for the quarter of $1.37 included approximately $8 million of IEEPA tariff refunds received, net of a discrete one-time unfavorable customs-related accrual. We are encouraged by the team's ability to navigate a dynamic backdrop, and deliver results that exceeded expectations in the first half of the year. As a result, today we are increasing our full-year outlook. At the midpoint, our outlook implies a meaningful step up in second-half earnings and profitability, supported by a healthy backlog and operational momentum."
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.