30.07.2026

Higher sales -lower profits at Genie

Terex has reported its results for the six months to the end of June, the crane numbers are buried within the Material Processing division and therefore not accessible, while the Genie results are published under Aerials, one of three divisions within the Terex group.

Genie Results

Year to date
Revenues for the six months to the end of June improved 7.6% compared to the same period last year to $1.14 billion, following a 22% decline in 2025.

Order intake for the six months was up 5% on the first half of 2025 to $1.15 billion.
The backlog/order book at the end of June was $914 million, up 28% on this time last year.

Operating profit, however, declined 48% to $39 million. Order intake increased 13.3 percent to $ million.

Second Quarter

revenues In the second quarter, came in at $673 million, up 11% on the same period last year. Mainly due to increased shipments in the US for “mega projects” and a positive shift in exchange rates.

Order intake in the quarter jumped 71% to $530 million compared to the same quarter last year.

Operating profit, on the other hand, dropped a further 31% to $38 million. Blamed on more tariffs this year and rising inflation, only partially offset by improved prices, and cost actions.

Full year outlook Genie is forecasting full year revenues only slightly higher than last year’s $2.06 billion.

Terex Group results

Terex as a whole saw revenues for the six months improve 46.5% to $3.97 billion. Pre-tax profit plummeted 88.5% to $13 million.

Terex chief executive Simon Meester said: "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. 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 favourable across most of our significantly improved portfolio, and we are making meaningful progress on our integration plans as we realise 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."

Vertikal Comment

In terms of sales, this is certainly brighter news from Genie, which does seem to be getting some of its spirit back this year. Sadly, it is not yet reflected in the profits, quite the reverse, but this ought to settle in the second half of the year.

It might help if a final decision was made on the company’s future, although as the team celebrates 60 years in business, optimism seems to be spreading within the business, and that usually has a positive impact on revenues and the bottom line.

Let’s see how it goes.