The Terex Corp., which acquired Rev Group in January, released financial data on its fiscal first quarter of 2026. The corporation reported total sales of $1.7 billion, up 41% over the same quarter in 2025.
Terex President and CEO Simon Meester said Rev Group made a meaningful contribution in the quarter in the first 58 days since joining Terex.
“We continue to execute our strategy, including the integration of Rev,” Meester said. “We remain on track to deliver approximately $28 million of synergies in 2026 through the elimination of duplicate overhead and to achieve the full $75 million run-rate within our 24-month target.”
Terex registered an $89 million loss in the fiscal first quarter of 2026 after a $21 million profit in the fiscal first quarter of 2025.
Adjusted earnings rose from a year earlier. Terex said the change was primarily due to Rev Group’s accretive addition.
Rev Group’s fiscal first quarter net sales totaled $436 million, up 20% year over year on a pro forma basis, which takes acquisitions or mergers into account when comparing financial information. Terex said the increase was driven by growth in all product lines.
Terex said Rev Group’s earnings totaled $53 million, or 12.2% of net sales, due to merger-related non-recurring items offsetting operational improvements.
Adjusted earnings totaled $62 million, or 14.2% of net sales for the first quarter of 2026, compared with $46 million, or 12.6% of net sales, on a pro forma basis in the prior year.
Terex Chief Financial Officer Jennifer Kong-Picarello said the improvement was primarily due to increased throughput, price realization and improved operational efficiency.
