This filing is a routine post-merger disclosure of acquired company financials. Monitor Terex's next quarterly earnings for early signs of REV integration performance and synergy realization. The pro forma FY2025 net income of $58M reflects significant purchase accounting charges that will normalize over time.
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Executive Summary
Terex filed REV Group's unaudited Q1 2026 financials and pro forma combined statements for the REV acquisition completed on February 2, 2026. REV reported net sales of $552.1M (up 5.1% YoY) but net income fell to $13.3M from $18.2M due to an $11.6M loss on assets held for sale. The pro forma combined results for H1 2026 show net sales of $4.162B and net income of $135M. This is a routine post-merger disclosure filing with no new material operational news for Terex.
Key Facts
- REV Q1 2026 net sales: $552.1M (vs $525.1M YoY)
- REV Q1 2026 net income: $13.3M (vs $18.2M YoY), impacted by $11.6M loss on held-for-sale of Midwest Automotive Designs
- REV Q1 2026 Adjusted EBITDA: $44.5M (vs $36.8M YoY)
- Pro forma combined H1 2026 net sales: $4.162B, net income: $135M
- Pro forma combined FY2025 net sales: $7.885B, net income: $58M (after purchase accounting adjustments)
- Total provisional consideration for REV acquisition: $3.384B ($426M cash + $2.828B stock + $122M debt settlement + $8M equity awards)
- 47.9 million Terex shares issued in the merger
Financial Impact
No new material financial impact; filing provides historical REV financials and pro forma combined results for reference.
Risk Factors
- Integration risks from absorbing REV's operations and culture
- Potential goodwill impairment if expected synergies fail to materialize
- Higher leverage from debt assumed in the transaction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (TEX) — Batch item 1 | 0000097216-26-000124 |
| Exhibit: exhibit992-texxrevproforma.htm | 0000097216-26-000124 |
| Document: tex-20260731.htm | 0000097216-26-000124 |
| Document: 0000097216-26-000124-index-headers.html | 0000097216-26-000124 |
| Document: 0000097216-26-000124-index.html | 0000097216-26-000124 |
| Document: 0000097216-26-000124.txt | 0000097216-26-000124 |
| 8-K Filing (TEX) — Batch item 7 | 0000097216-26-000124 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 8w ago | S-3ASR | $62.84 $63.73 | ▲ +1.42% | ▼ −1.57% | $56.70 (−9.77%) |
Jul 31, 2026 8w ago | 8-K | $62.84 $63.73 | ▲ +1.42% | ▼ −1.57% | $56.70 (−9.77%) |
Jul 30, 2026 9w ago | 8-K | $62.22 $64.54 | ▲ +3.73% | ▼ −0.24% | $56.70 (−8.87%) |
Jul 21, 2026 10w ago | 8-K | $64.77 $64.43 | ▼ −0.52% | ▼ −3.09% | $56.70 (−12.46%) |
Jul 20, 2026 10w ago | Press Release | $62.92 $67.34 | ▲ +7.02% | ▲ +2.90% | $56.70 (−9.89%) |
Jun 30, 2026 13w ago | 8-K | $68.70 $64.56 | ▼ −6.03% | ▼ −3.84% | $56.70 (−17.47%) |
Jun 11, 2026 16w ago | Institutional Cluster | $62.78 $64.63 | ▲ +2.95% | ▲ +1.06% | $56.70 (−9.68%) |
Apr 21, 2026 23w ago | 8-K | $60.90 $57.95 | ▼ −4.84% | ▼ −9.76% | $56.70 (−6.90%) |
Apr 13, 2026 24w ago | 8-K | $63.73 $64.13 | ▲ +0.63% | ▼ −5.67% | $56.70 (−11.03%) |
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