11.02.2026

Stronger quarter for Genie

Terex has published its full year results, which show a solid fourth quarter pickup for Genie/Terex Aerials in both revenues and operating profit.

Terex Cranes has largely gone with the sale to Raimondi, only the Franna business remains and that is buried within the Material Processing division.

Full Year
Genie revenues for the 12 months to the end of December declined 14.5 percent to $2.06 billion, while operating profit plummeted 62 percent to $103 million. The backlog/order book at the end of December was $906 million, up 11.75 percent on the same period last year.

Forecast for 2026 Terex is forecasting exactly the same revenues for 2026, that assumes it holds onto Genie, rather than selling it as discussed, of course.

Fourth Quarter
Fourth quarter revenues improved 6.9 percent to $466 million, as a business showed signs of picking up. Order intake was 50 percent higher at $971 million, leaving the backlog/order book at $906 million.

Operating profit for the quarter was $10 million compared to $1 million last year, due, says the company, to the tariff-related issues that could not be mitigated in the fourth quarter last year, dropping out.
NoteThese numbers and comparisons exclude truck mounted lift manufacturer Terex Utilities, which was transferred to the Environmental Solutions division for fiscal 2025.

Terex Group
Terex as a whole reported full year revenues of $5.42 billion, up six percent on 2024, with a pre-tax profit of $292 million, down 29 percent on the year. The company is forecasting revenues of between $7.5 and $8.1 billion in 2026, due mostly to an 11 month contribution from the acquisition of the Rev group, which completed at the end of January.

Terex chief executive Simon Meester said: "We concluded a transformational year for Terex, with the successful integration of ESG and the initiation of the merger with REV, coupled with solid execution by our legacy businesses in a very dynamic environment. The team navigated multiple macro and market headwinds to deliver financial results in line with our original 2025 guidance, while transforming our portfolio for the long term.”

“I am very proud of our team adapting quickly to changes in trade policy and market dynamics throughout the year while continuing to innovate, improve operations and deliver exciting new products to our customers. We head into 2026 with considerable momentum from strong Q4 bookings and backlog levels. We will focus on execution, successfully integrating REV and delivering on our synergy targets."

Vertikal Comment

It is encouraging to see the fourth quarter pick up at Genie, it does seem to have got some of its MoJo back and has landed some substantial orders recently. The uncertainty over what might happen in the year ahead cannot be easy for those working for the company. It is interesting to see the forecast for the business, which is totally flat – no change on this year. This, in spite of starting out with a stronger order book.

There is not much else to say at this point. Assuming it remains part of Genie, we would expect it to see a reasonable improvement in 2026. But time will tell.