What is Terex's ES — adjusted operating income (loss)?

Terex (TEX) reported ES — adjusted operating income (loss) of $70M in Q1 2026.

What does ES — adjusted operating income (loss) mean?

Calculated as the segment's net sales minus adjusted cost of goods sold and adjusted operating expenses, reflecting the core profitability of the Environmental Solutions business. It excludes non-recurring items to provide a clearer view of the segment's recurring operational performance.

Terex TEX ES — Adjusted Operating Income (Loss)

Similar metrics at other companies

WCCEES — Adjusted EBITDA

$185M+29.7%

FSSEnvironmental Solutions — Operating Income (Loss)

$89.1M+49.2%

MKLFinancial — Adjusted operating income (loss)

$36.21M-54.5%

APTVIntelligent Systems — Adjusted operating income

$142M-8.4%

CLHEnvironmental Services — Total Reportable Segment Adjusted EBITDA

$290.4M+5.8%

BWABattery Energy Systems — Segment Adjusted Operating Income (Loss)

-$2M+90.9%

Other financials

Income statement

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Revenue$1.7B+41.1%

Gross profit$206.0M-16.6%

Operating income-$82.0M-219%

Net income-$89.0M-524%

EPS (diluted)-$0.93-400%

Balance sheet

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Cash & equivalents$392.0M+31.5%

Total debt$2.8B+6.8%

Total equity$4.8B+161%

Total assets$10.2B+74.5%

Cash flow

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Operating cash flow-$31.0M-47.6%

CapEx$26.0M-27.8%

Free cash flow-$57.0M0.0%

Valuation

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Market cap$7.63B+168%

Enterprise value$10B+89.5%

P/E68.8×+57.4×

P/S1.3×+0.7×

Profitability

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Gross margin17.3%-2.8pp

Operating margin5.5%-3.2pp

Net margin1.9%-3.1pp

FCF margin5.4%+1.5pp

Returns & leverage

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Return on equity3.3%-10.7pp

Debt / equity0.6×-0.8×

Current ratio1.8×-0.3×

Where this comes from

Reported directly by Terex in its filing.

Tagged under the XBRL concept tex:AdjustedOperatingIncomeLoss.

The official record: Terex’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Terex's ES — adjusted operating income (loss)?: Terex (TEX) reported ES — adjusted operating income (loss) of $70M in Q1 2026.
What does ES — adjusted operating income (loss) mean?: Calculated as the segment's net sales minus adjusted cost of goods sold and adjusted operating expenses, reflecting the core profitability of the Environmental Solutions business. It excludes non-recurring items to provide a clearer view of the segment's recurring operational performance.