EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026


(in millions, except per share data)	Three Months Ended March 31,

	2026		2025



Net (loss) income	$	(89)	$	21
Basic:
Weighted average shares outstanding	96.1		66.3




(Loss) earnings per share	$	(0.93)	$	0.32
Diluted:
Basic weighted average shares outstanding	96.1		66.3

Effect of dilutive restricted stock	—		0.6
Diluted weighted average shares outstanding	96.1		66.9




(Loss) earnings per share	$	(0.93)	$	0.31

Non-vested restricted stock awards and restricted stock units (“Restricted Stock”) granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average Restricted Stock of approximately 1.0 million and 0.5 million were outstanding during three months ended March 31, 2026 and 2025, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance.

TEREX CORP 10-Q