MTW
ManitowocFDocument history
Earnings documents stored for MTW.
Investor releaseQuarter not tagged2026-05-14Manitowoc Company's (NYSE:MTW) Soft Earnings Are Actually Better Than They Appear
Simply Wall St.
Manitowoc Company's (NYSE:MTW) Soft Earnings Are Actually Better Than They Appear
Soft earnings didn't appear to concern The Manitowoc Company, Inc.'s (NYSE:MTW) shareholders over the last week. Our analysis suggests that while the profits are soft, the foundations of the business are strong. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Importantly, our data indicates that Manitowoc Company's profit was reduced by US$5.7m, due to unusual items, over the last year. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. Assuming those unusual expenses don't come up again, we'd therefore expect Manitowoc Company to produce a higher profit next year, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Because unusual items detracted from Manitowoc Company's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Manitowoc Company's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Be aware that Manitowoc Company is showing 3 warning signs in our investment analysis and 1 of those is potentially serious... Today we've zoomed in on a single data point to better understand the nature of Manitowoc Company's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significan...
Investor releaseQuarter not tagged2026-05-12Manitowoc Q1 Earnings Call Highlights
MarketBeat
Manitowoc Q1 Earnings Call Highlights
Interested in The Manitowoc Company, Inc.? Here are five stocks we like better. Manitowoc reaffirmed full-year 2026 guidance for net sales of $2.25 billion to $2.35 billion and adjusted EBITDA of $125 million to $150 million, saying first-quarter results were broadly in line with expectations despite tariff-related headwinds. Orders and backlog remained strong, with first-quarter orders of about $646 million and backlog rising to $940 million, up from both the prior quarter and a year earlier. Management said April order rates remain solid and expects the second half of the year to improve. The CRANES+50 strategy is driving more recurring revenue through aftermarket services, field technicians, accessories and technology. Manitowoc highlighted record non-new machine sales on a trailing 12-month basis, growth in service capacity, and improving regional demand in Europe, Asia Pacific and parts of the Middle East. Caterpillar, Terex, Manitowoc Near Buy Points As Building Booms Manitowoc (NYSE:MTW) reaffirmed its full-year 2026 outlook after reporting first-quarter results that management said were broadly in line with expectations, supported by solid orders, a higher backlog and continued growth in its less cyclical aftermarket and non-new machine businesses. On the company’s first-quarter earnings call, President and Chief Executive Officer Aaron Ravenscroft said Manitowoc has continued executing its CRANES+50 strategy over the past year, helping the company “weather the downturn in the crane cycle” while positioning it for the next upturn. He cited uncertainty tied to the Middle East, Ukraine and U.S. tariffs, but said the overall market has remained resilient. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum “Our orders during the first quarter were almost $650 million, and our backlog ended the period at $940 million,” Ravenscroft said. “In addition, order rates in April remain strong.” Executive Vice President and Chief Financial Officer Brian Regan said first-quarter orders totaled $646 million, relatively flat from a year earlier on a currency-neutral basis. He noted that comparisons were difficult because of a post-election increase in 2025 and large stocking orders received at the end of last year. → MercadoLibre Boldly Invests in Growth: Discount Deepens Backlog ended the quarter at $940 million, up $146 million from the end of 2025 an...
Investor releaseQuarter not tagged2026-05-06The Manitowoc Company Reports First-Quarter 2026 Financial Results; Maintains Full Year 2026 Guidance
Business Wire
The Manitowoc Company Reports First-Quarter 2026 Financial Results; Maintains Full Year 2026 Guidance
First-Quarter 2026 Highlights Orders of $645.7 million, up 5.8% year-over-year. Ending backlog of $939.9 million Net sales of $494.6 million, up 5.0% year-over-year Non-new machine sales of $165.7 million, up 3.2% year-over-year Net cash provided by operating activities of $27.4 million, free cash flows of $19.2 million MILWAUKEE, May 05, 2026--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported a first-quarter net loss of $6.0 million, or $(0.17) per diluted share. First-quarter adjusted net loss(1) was $4.6 million or ($0.13) per diluted share. Orders in the first quarter were $645.7 million, a 5.8% increase from the prior year, resulting in backlog of $939.9 million. Net sales in the first quarter were $494.6 million, an increase of 5.0% from the prior year. Non-new machine sales were $165.7 million, an increase of 3.2% year-over-year. Adjusted EBITDA(1) was $19.6 million, a decrease of 9.7% from the prior year. "The Manitowoc team delivered first quarter results in line with expectations. Backlog reached $940 million, our highest level in two years, reflecting strong demand for our products. Under our CRANES+50 strategy, non‑new machine sales rose 8% on a trailing twelve‑month basis to a record $696 million. In addition, customer feedback to our new products and aftermarket offerings at the ConExpo trade show was outstanding," commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company. "Backlog remains strong, orders are healthy, and customer sentiment continues to improve. In addition, our CRANES+50 strategy is driving more stable, higher‑margin recurring revenue, which sets a strong foundation for our long-term success," concluded Ravenscroft. Investor Conference Call The Manitowoc Company will host a conference call for security analysts and institutional investors to discuss its first-quarter 2026 earnings results on Wednesday, May 6, 2026, at 10:00 a.m. ET (9:00 a.m. CT). Shareholders and prospective investors are encouraged to submit questions in advance to [email protected]. A live audio webcast of the call, along with the related presentation, will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website....
Investor releaseQuarter not tagged2026-05-06Manitowoc (MTW) Q1 2026 Earnings Transcript
Motley Fool
Manitowoc (MTW) Q1 2026 Earnings Transcript
Image source: The Motley Fool. Wednesday, May 6, 2026 at 10 a.m. ET President & Chief Executive Officer — Aaron H. Ravenscroft Executive Vice President & Chief Financial Officer — Brian P. Regan Senior Vice President, Marketing & Investor Relations — Ion M. Warner Aaron H. Ravenscroft: Thank you, Ion, and good morning, everyone. I would like to take a moment to thank The Manitowoc Company, Inc. team for their unwavering commitment to serving our stakeholders. Over the last twelve months, the team has continued to execute our Cranes+50 strategy, enabling us to weather the downturn in the crane cycle and be better positioned for the next leg up. Although there is a great deal of uncertainty in the Middle East, Ukraine, and even in the United States with respect to tariffs, the overall market has been resilient. Our orders during the first quarter were almost $650 million, and our backlog ended the period at $940 million. In addition, rates in April remained strong. Please turn to Slide three. Starting with the Manitowoc Way, I recently challenged our organization to eliminate hammers, similar to what we did with ladders a few years ago. We are simply too reliant on hammers. They create quality problems and are a major source of safety risk. In our Katy Grove plant alone, we had over 1,200 hammers in use. Thus far, we have eliminated 264. As you can see on this slide, the organization has quickly developed a variety of improvements ranging from simple to ingenious solutions. Eliminating hammers not only helps create a safer workplace but also supports the Manitowoc Way culture as we consistently drive for continuous improvement and innovation. Ultimately, the goal is to have zero injuries. In terms of new product development, in March we unveiled an 80-ton boom truck and an 800-ton eight-axle all-terrain crane at CONEXPO. Both received outstanding feedback from customers and crane operators. The eight-axle crane was a real head turner at the show, and I really look forward to getting the first units into the field in 2027. Please move to Slide four. Turning to our Cranes+50 strategy, our non-new machine sales for the quarter grew 3% year over year. On a trailing twelve-month basis, we improved 8% to $696 million. Growing this part of our business, which is less impacted by economic cycles and produces higher returns, is a key part of our strategic plan and is w...
TranscriptFY2026 Q12026-05-06FY2026 Q1 earnings call transcript
Earnings source - 42 paragraphs
FY2026 Q1 earnings call transcript
Good day, and welcome to The Manitowoc Company, Inc. 1st quarter 2026 earnings conference call. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I would now like to turn the conference over to Ion Warner, Senior Vice President of Marketing and Investor Relations. Please go ahead.
Good morning, everyone, and welcome to our earnings call to review the company's first quarter 2026 financial performance and business update as outlined in last evening's press release. Joining me this morning with prepared remarks are Aaron Ravenscroft, our President and Chief Executive Officer, and Brian Regan, our Executive Vice President and Chief Financial Officer. Earlier this morning, we posted our slide presentation to the investor relations section of our website, www.manitowoc.com, which you can use to follow along with our prepared remarks. Please turn to slide 2. Before we start, please note our safe harbor statement in the material provided for this call. During today's call, forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, are made based on the company's current assessment of its markets and other factors that affect its business.
However, actual results could differ materially from any implied or actual projections due to one or more of the factors, among others, described in the company's latest SEC filings. The Manitowoc Company does not undertake any obligation to update or revise any forward-looking statement, whether the result of new information, future events, or other circumstances. With that, I'll now turn the call over to Aaron.
Thank you, Ion. Good morning, everyone. I'd like to take a moment to thank the Manitowoc team for their unwavering commitment to serving our stakeholders. Over the last 12 months, the team has continued to execute our CRANES+50 strategy, enabling us to weather the downturn in the crane cycle and be better positioned for the next leg up. Although there is a great deal of uncertainty in the Middle East, Ukraine, and even in the U.S. with respect to tariffs, the overall market has been resilient. Our orders during the first quarter were almost $650 million, and our backlog ended the period at $940 million. In addition, order rates in April remain strong. Please turn to slide 3.
Starting with The Manitowoc Way, I recently challenged our organization to eliminate hammers, similar to what we did with ladders a few years ago. We are simply too reliant on hammers. They create quality problems and are a major source for safety risk. In our JD Growth Plan alone, we had over 1,200 hammers in use. Thus far, we've eliminated 264. As you can see on the slide, the organization has quickly developed a variety of improvements, ranging from simple to ingenious solutions. Eliminating hammers not only helps create a safer workplace, also supports The Manitowoc Way culture as we consistently drive for continuous improvement and innovation. Ultimately, our goal is to have zero injuries. In terms of new product development, in March, we unveiled an 80-ton boom truck and an 800-ton 8-axle all-terrain crane at CONEXPO.
Both received outstanding feedback from customers and crane operators. The eight-axle crane was a real head turner at the show. I really look forward to getting the first units into the field in 2027. Please move to slide 4. Turning to our CRANES+50 strategy, our non-new machine sales for the quarter grew 3% year-over-year. On a trailing 12-month basis, we improved 8% to $696 million. Growing this part of our business, which is less impacted by economic cycles and produces higher returns, is a key part of our strategic plan and is working well. As I preach to our teams, for us to continuously grow our non-new machine sales, we have to focus on 4 major buckets. Number 1, we are adding more service locations.
For example, in Australia, we doubled the capacity of our Sydney facility. We recently approved new service centers in Brisbane and Melbourne. Brisbane will host the 2032 Olympics. We're preparing for a lot of activity in the region. Number 2, we are adding more aftermarket sales representatives and field service techs. We ended the first quarter with 567 field service techs, up 50 techs in just 3 months. The growth was driven by 2 major actions. First, we reorganized our approach to talent acquisition in North America by enhancing our recruiting team. Second, in India, we transitioned from a dealer model to a direct model in order to better service our customers. The third bucket, we are increasing sales of complementary lifting accessories.
In Europe, our tower crane team has introduced anti-intrusion panels to reduce theft and to discourage curious social media influencers during the off-hours. In addition, the team has introduced urinals to replace the less than desirable traditional bucket system. In the U.K., our mobile team has started selling outrigger pads and a rear-mounted storage compartment, which they designed in-house. Our goal is straightforward. We want to make our customers' lives easier so they can focus on executing lifts. The fourth bucket is the fact that we are leveraging technology. I mentioned our implementation of ServiceMax a few times. This tool has several different modules to help us better track machines and more effectively fix and bill crane repairs. In April, we completed the implementation of ServiceMax Asset Management System.
We are now onto the development of the dispatching and work order module, which increases our visibility to service work and enables us to capture more incremental revenue opportunities. Please move to slide five. For my regional update, let's start with the Americas. First and foremost, overall customer sentiment at ConExpo was very positive. Crane rental houses were quite optimistic about the market outlook. While everyone is unhappy with tariffs, customers told us project work is abundant. In addition, dealer inventory levels declined during the first quarter, which is a great sign that folks are buying again. For example, all-terrain crane inventory levels are at a 10-year low. In Europe, the crane business feels pretty good. Demand for tower cranes continues to grow with new machine orders up 76% year-over-year, and mobile demand has remained relatively steady.
In the Middle East, many big projects like the new Dubai Airport continue to move forward. Not surprisingly, Saudi Arabia has pulled back on Neom and Trojena, considerable development activity remains underway in Riyadh. Given the circumstances around the Iran conflict, we find ourselves in a wait and see mode as we monitor the situation. I am very encouraged by the level of optimism in the region, with construction companies eager to get back to business. Finally, Asia Pacific continues to gain momentum, with increasing demand in Hong Kong, Vietnam, Australia, and South Korea. I recently visited the new SK hynix and Samsung semiconductor projects, where roughly 100 ton tower cranes are currently operating. Korean construction companies continue to leave me in awe of their scale and speed. The Samsung site alone will reach 70,000 workers at its peak.
I left South Korea very optimistic about demand in the coming quarters. With that, I'll hand it over to Brian to walk you through the financials before I make a few closing remarks.
Thanks, Aaron. Good morning, everyone. Please turn to slide 6. Our financial performance for the quarter tracked largely in line with expectations, which supports reaffirming our previously issued guidance. We anticipated difficult comps as tariffs were a headwind to the quarter versus the prior year. The tariffs introduced in 2025 didn't fully impact us until the second half of the year. Moving to the numbers, we had orders of $646 million in the first quarter, relatively flat from a year ago on a currency-neutral basis. Order activity was solid and broadly consistent with recent trends. Keep in mind, order comps were difficult in Q1 due to the post-election bump in 2025 and the large stocking orders we received at the end of the year.
Backlog ended the quarter at a strong $940 million, up $146 million from where we exited 2025 and up $142 million year-over-year. This supports our revenue expectations for the full year. Net sales in the quarter were $495 million, essentially flat on a currency-neutral basis. non-new machine sales in the quarter were $166 million, and on a trailing twelve-month basis reached a record $696 million, up 8% from the prior year. While growth lagged our expectations in the first quarter, mainly due to used sales, the overall mix of non-new machine sales favored our higher margin categories. SG&A expenses were $91 million in the quarter.
On an adjusted basis, SG&A was up $7 million, with foreign currency accounting for $3 million of the increase. The remaining increase was driven primarily by the CONEXPO-CON/AGG trade show and inflation from other employee-related costs. Adjusted EBITDA in the quarter was $20 million, down $2 million or 10% year-over-year. As expected, tariffs impacted our results by $2 million. Please turn to slide 7. Net working capital ended the quarter at $536 million, an increase of $47 million year-over-year, driven primarily by inventory. The higher year-over-year inventory was driven by $26 million from foreign currency, $15 million from tariffs, and $10 million in prototypes, and was partially offset by operational improvements. Moving to cash flow, operating activities provided $27 million of cash during the quarter.
Capital expenditures were $8 million, including $6 million for our rental fleet, resulting in free cash flow of $19 million. This was a $17 million improvement year-over-year, driven by increased collections on accounts receivables. We ended the quarter with $316 million in liquidity, and our net leverage ratio was 3.1 times. In April, S&P upgraded our corporate credit rating from B to B+. This upgrade underscores the progress we are making in strengthening our financial profile through the cycle while investing in long-term growth through our CRANES+50 strategy.
Looking ahead, first quarter results didn't change our expectations for the full year, and as such, we are affirming our previously issued guidance of net sales of $2.25 billion-$2.35 billion and adjusted EBITDA of $125 million-$150 million. With that, I'll turn the call back to Aaron.
Thank you, Brian. Please turn to slide 8. Standing back and looking at the forest through the trees, I think there are many reasons to be optimistic. Number 1, Europe is on the rebound. For sure, towers has rebounded more aggressively than mobiles, and there's still a big need for residential housing and power generation. Number 2, in the Middle East, all things considered, folks are pretty optimistic to get back on track. In normal times, all construction would have dried up overnight with such regional conflict. Number 3, in Asia, our strongest markets are pumping even in the face of weaker currencies. Number 4, in LATAM, copper is traded above $6 per pound. With several new governments in the region, I believe we'll start to see more investments in brownfield and greenfield mining projects.
Number 5, in the U.S., although fleet ages continue to increase, customers are begrudgingly making purchases. Data centers continue to expand rapidly, and there is a strong need for additional power generation and transmission infrastructure. Finally, number 6, the success of our CRANES+50 strategy is increasingly helping us weather this economic cycle and positioning us for a higher margin profile in the long term. Of course, there is still a lot of uncertainty in the market, I believe that we are starting to see light at the end of the tunnel. Keep in mind, we've been living in this mode essentially since 2020. There's plenty of pent-up ambition from folks to renew and expand their businesses, which is why I believe that the markets have held up steady. With that, operator, please open the line for questions.
Yes, thank you. We will now begin the question and answer session. To ask a question, you may press star then 1 on your telephone keypad. This time we'll pause momentarily to assemble the roster. The first question comes from Jerry Revich from Wells Fargo.
Morning, Jerry.
Hi, good morning. This is Kevin on for Jerry. Just had a question on the changing tariff dynamics as it relates to your outlook. Would be helpful to get more color on that, maybe bifurcating between impacts from the IEEPA overturn and the new Section 232 ruling.
Yep. Thanks, Kevin. A lot is going on with the tariff landscape as you can imagine. I'll start by saying that the net go forward impact of what is in place today is in line with what we thought coming into the year. No real changes to our expectations based on those changes. With that said, there's still uncertainty regarding what Section 301 country by country tariffs will be and what net effect they'll have on us versus the Section 232 current tariffs. Related to IEEPA, we did file our refund through the CAPE process. We did pay approximately $25 million in IEEPA, we're in a wait and see mode as far as that process goes.
Additionally, you'll see in our Q, we voluntarily submitted a prior disclosure to customs related to potential errors in our methodology in calculating the Section 232 steel and steel derivative tariffs. This will allow us to review our calculation to determine if any adjustments required. To give some perspective, we paid approximately $18 million prior to the April change in the Section 232 tariffs.
Got it. Very helpful. Given that 2Q is typically a seasonally strong quarter for both a net sales and margin perspective, how should we think about performance versus normal seasonality? Any one-time impacts we should be thinking about from 1Q?
I said in the prepared remarks that, you know, we still from a comp standpoint, the second half is gonna look better just because of the impact of the tariffs. They really hit us for more in the second half than the first half. With that said, you know, I think we talked about restructuring in our plan, and that's still in place. Again, that's gonna affect us more favorably in the second half. You know, as I think Q2 will be better than Q1, but I think the second half is gonna be better than the first half.
Understood. Thank you. That's all I have for questions.
Thanks, Kevin.
We received several calls this morning, and I'd like to read them to you. The first question that I received online was: Could you provide more color on these lifting accessories as part of your CRANES+50 strategy?
Yeah. The analogy that I use with our team internally is that the crane business is a lot like a restaurant. When you think about the restaurant, it's the steak that brings us all to the restaurant. It's that main platter. The reality is, the restaurant is living off of the appetizers, the desserts, and the wines. I think that the crane business is exactly the same to that. I mean, obviously, you gotta have a great crane to be in the lifting business, there's a lot of accessories that go around that product and really add value to our business and to our customers. You know, I think what really brings it all home is great service. A great example of that recently, we got an order in France for 7 tower cranes.
That was for EUR 6.5 million. On the back of that, the sales team was able to add the commissioning and dismantling services for EUR 900,000, and then several accessories for a total of EUR 300,000. On top of your normal crane order, they added anti-intrusion panels, lighting cameras, anti-collision software, aircraft warning systems, and lifts. I think to me, that's a great example of what the team can add when they really start to think outside of the box and have a bigger view of the customer and how we service those customers. Hopefully, that's a little color that helps.
Okay, thanks. We received another email. What are your orders in April?
Yeah. Aaron mentioned that the orders were strong. We're still rolling up the numbers, but we expect between $225 million and $250 million of orders in April, which was good. A little bit higher than the run rate we saw in Q1.
Okay. I just received this email. You seem more optimistic on this call. How do we think about the full year guidance?
Yeah. We reaffirmed our guidance, but, you know, you look at it, orders have been strong. April, as Brian just said, is looking good. Backlog strong. Dealer inventory is on the low end in the U.S., and we're really starting to see some momentum in places like South Korea. I think there's a lot of optimism out there, a lot of opportunity. I think the big question mark is just how the Strait of Hormuz situation plays out, 'cause we still have plenty of orders that need to make their way into the Middle East through that strait, and as of right now, it's shut down. I think there's some good opportunities, but still there's some uncertainty there in terms of our ability to execute within the year, depending on how that situation plays out.
I received another email. I'll just read it to you. How's the implementation of The Manitowoc Way lean practices impacting the aftermarket business?
Yeah. I mean, traditionally we're manufacturing folks, so we're still sort of figuring it out, and I think we're in the early innings, but we're starting to see some good gains. I think when you look at what we did in terms of our new hires of field service folks during the quarter, that's a good example of how we're gaining. We've continued to sort of tweak how our approach to recruiting and how we manage the organization. I think we, you know, it looks like we've found the right formula. I think that's a real success of us trying to continuously do a better job and be more effective at it. We got some good Kaizen going this year. They're more than just sort of the week Kaizen. It'll take us, you know, a few weeks to work through those.
We do pre-delivery inspections at our dealerships. We've never really gotten good feedback. There's a lot of fixes that happen that people just don't report. We built a system around that to start to get feedback closer to our, to the assemblers and shading. I think that's gonna yield good results for us. In our Jeffersonville distribution center, this is where we typically ship out parts, but there's a lot of kits that go with EnCORE work and Upfit and some bigger projects. I could best describe that as a terrible IKEA project at the moment. A lot of work for us to do and improve in terms of the kitting, because when we do that's gonna be a significant productivity gain at our service centers when they're doing that work.
Because it's hard to figure out all the different nuts and bolts and parts that are in some of these boxes. I think that's great. Then a big shout-out to our team in Chesapeake, Megan Gowder. She's done a fantastic job. She was a The Manitowoc Way winner last year for improvements, and in the first quarter she put forward a improvement around using QR codes to manage TPM on forklifts. I just love the amount of creativity we have in those locations. To me, the big challenge and why I see we're in the early innings is just around how we collaborate and we share all these lessons learned. You know, it's a lot of cats to herd in all these different locations, but we're gaining speed.
I'm really looking forward to what we're able to do as we move forward. Thank you. Those are the questions that we received in the queue. Operator, any other questions in the queue?
No, sir. There is nothing at present.
Okay. Very well. Please note that a replay of our first quarter 2026 earnings call will be available later this morning by accessing the investor relations section of our website at manitowoc.com. Thank you everyone for joining us today and for your continued interest in The Manitowoc Company. We look forward to speaking with you again next quarter.
Thank you. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect your lines.
Investor releaseQuarter not tagged2026-05-02Leading Machinery Stock Caterpillar's Composite Rating Surges To 98 On Q1 Earnings
Investor's Business Daily
Leading Machinery Stock Caterpillar's Composite Rating Surges To 98 On Q1 Earnings
Caterpillar saw its IBD SmartSelect Composite Rating rise to 98 Friday, up from 93 the day before. The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. Is Caterpillar Stock A Buy?
Investor releaseQuarter not tagged2026-04-22The Manitowoc Company Schedules First-Quarter 2026 Earnings Announcement and Conference Call
Business Wire
The Manitowoc Company Schedules First-Quarter 2026 Earnings Announcement and Conference Call
MILWAUKEE, Wis., April 21, 2026--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its first-quarter 2026 results on Tuesday, May 5, 2026, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 6, 2026, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. ("Manitowoc" or the "Company") was founded in 1902, and is headquartered in Milwaukee, Wisconsin, United States. Manitowoc, through its wholly-owned subsidiaries, provides high quality, customer-focused lifting products and services world-wide through its Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Upfits by Aspen Equipment brands and its support-focused subsidiary MGX Equipment Services. For more information, visit www.manitowoc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260420811358/en/ Contacts Ion Warner Senior Vice President Marketing & Investor Relations +1 414-760-4805 [email protected]
Investor releaseQuarter not tagged2026-02-11Manitowoc Q4 Earnings Call Highlights
MarketBeat
Manitowoc Q4 Earnings Call Highlights
Manitowoc saw a sharp rebound in demand as Q4 orders reached $803 million (up 56% YoY) and backlog rose to $794 million (up 22%), driven by Americas stocking orders, a European tower-crane recovery and strength in the Middle East. Financials were mixed: Q4 sales were $677 million (up 14%) with adjusted EBITDA of $40 million (5.8% margin), but tariffs weighed heavily (about $39 million for the year) and full-year free cash flow was a use of $15 million; 2026 guidance targets $2.25–2.35 billion in sales, $125–150 million in adjusted EBITDA and a plan to reduce net leverage below 3x. Management highlighted progress on its CRANES+50 strategy, with non-new machine sales hitting a record $690 million (up 10%) and multiple new product launches (including the MCT 2205 and 11 new cranes) alongside expanded aftermarket locations and service capacity. Interested in The Manitowoc Company, Inc.? Here are five stocks we like better. Caterpillar, Terex, Manitowoc Near Buy Points As Building Booms Manitowoc (NYSE:MTW) reported fourth-quarter and full-year 2025 results that management said were in line with expectations, highlighted by a sharp increase in quarterly orders, year-over-year sales growth, and progress in expanding its aftermarket and other “non-new machine” revenue streams. President and CEO Aaron Ravenscroft said the company delivered “solid results” in the fourth quarter despite a challenging operating environment in 2025 that he linked in part to what he called the “Great Trade Reset” in the U.S. He pointed to strength in the Middle East and improving trends in Europe and Asia-Pacific as offsets. → Once Upon A Farm: Buy the $1B Growth Story? Manitowoc generated fourth-quarter orders of $803 million, up 56% year-over-year, and ended the year with backlog of $794 million, up 22% from the prior year, according to CFO Brian Regan. Regan said the quarter’s order growth reflected whole goods stocking orders in the Americas after two quarters of lagging demand and a continued rebound in European tower cranes, where new crane orders rose 64% year-over-year. For the fourth quarter, Manitowoc posted net sales of $677 million, up 14% year-over-year. Regan attributed the increase to strong shipments in North America, European tower cranes, and continued growth from the company’s non-new machine sales strategy. Non-new machine sales in the quarter were $191 million. → 3 E...
Investor releaseQuarter not tagged2026-02-11Manitowoc Co Inc (MTW) Q4 2025 Earnings Call Highlights: Record Orders and Strategic Expansions ...
GuruFocus.com
Manitowoc Co Inc (MTW) Q4 2025 Earnings Call Highlights: Record Orders and Strategic Expansions ...
This article first appeared on GuruFocus. Orders: $803 million in Q4, up 56% year-over-year. Backlog: $794 million at year-end, up 22% from the previous year. Net Sales: $677 million in Q4, up 14% year-over-year. Non-New Machine Sales: $690 million for the year, a 10% increase year-over-year. Adjusted EBITDA: $40 million in Q4, representing a margin of 5.8%. SG&A Expenses: $89 million in Q4, or 13.2% of sales. Net Diluted Income Per Share: $0.20 on a GAAP basis; $0.32 on an adjusted basis. Free Cash Flow: $78 million generated in Q4; $30 million for the year excluding EPA settlement. Cash Balance: $77 million at year-end. Net Leverage: 3.15 times at year-end. Total Liquidity: $298 million at year-end. Warning! GuruFocus has detected 10 Warning Signs with MTW. Is MTW fairly valued? Test your thesis with our free DCF calculator. Release Date: February 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Manitowoc Co Inc (NYSE:MTW) achieved a record in non-new machine sales, growing 10% to $690 million. The company launched 11 new cranes in 2025, including the largest topless tower crane and the largest luffing tower crane ever produced by the company. Manitowoc Co Inc (NYSE:MTW) expanded its aftermarket footprint by adding territory coverage in several U.S. states and key provinces in France. The company achieved a recordable injury rate (RIR) of 0.94, reducing recordable injuries significantly over the past decade. Orders for the fourth quarter were up 56% year-over-year, with a backlog increase of 22% from the previous year. The tariff situation remains fluid, creating headwinds and impacting the cost of new cranes. Rental rates have remained flat, which is a concern as the cost of new cranes is increasing. The Middle East market is experiencing tightening cash flow, causing nervousness despite ongoing projects. The Asia Pacific market, while improving, still faces challenges such as a weak currency in South Korea. The company faced a $39 million unfavorable impact from tariffs for the year, affecting overall financial performance. Q: How should we think about the sales growth by region for 2026? Which regions are expected to show the highest growth and what products are contributing? A: Brian Regan, CFO, stated that the tower crane business is expected to continue strong into 2026, serving as a tailwi...
Investor releaseQuarter not tagged2026-02-10The Manitowoc Company, Inc. Q4 2025 Earnings Call Summary
Moby
The Manitowoc Company, Inc. Q4 2025 Earnings Call Summary
Management described 2025 as a 'hard-fought' year due to a 'great trade reset' in the U.S. and tariff volatility; however, the Middle East remained strong and markets in Europe and Asia Pacific began showing signs of improvement. The Cranes Plus 50 strategy reached a milestone with record non-new machine sales of $690 million, driven by an expanded aftermarket footprint and a field service technician count exceeding 500. A significant recovery is underway in Europe, where new machine orders surged 64% year-over-year, fueled by economic programs and a notable rebound in the tower crane market. The U.S. market remains 'complicated' as customers delay orders until the last minute due to fluid tariff situations, despite a fundamental need for fleet renewals. Strategic product development focused on higher-capacity ranges, including the launch of the largest topless tower crane and largest luffing tower crane in company history. Operational efficiency was bolstered by the 'Manitowoc Way' lean initiatives, achieving a record-low injury rate and implementing a welder-designed blast hopper that improved efficiency by 70%. 2026 guidance assumes net sales between $2.25 billion and $2.35 billion, with growth driven by pricing actions to offset incremental tariff headwinds, recovery in the European tower crane market, and continued growth in the non-new machine business. A new restructuring plan is expected to generate approximately $10 million in savings during 2026, primarily intended to offset inflation and foreign currency headwinds. Management anticipates a major fleet refresh cycle in the U.S. as equipment continues to age, though timing remains dependent on rental rates rising to justify new crane costs. The Middle East outlook remains optimistic but 'bumpier' as tightening cash in Saudi Arabia and project delays in Abu Dhabi create near-term uncertainty. Strategic expansion of the non-new machine business will continue with new locations planned in Portugal, Mexico, Chile, and France to capture higher-margin, less cyclical revenue. Tariffs resulted in a $0.13 unfavorable impact to adjusted diluted EPS on a year-over-year basis, with management only able to mitigate approximately 85% of these costs. Free cash flow was negatively impacted by a $45 million payment associated with the settlement of an EPA matter. Flat rental rates in the U.S. are cited as a primary...
Investor releaseQuarter not tagged2026-02-10Manitowoc Company Fiscal Q4 Adjusted Earnings, Revenue Rise; Sets FY Guidance
MT Newswires
Manitowoc Company Fiscal Q4 Adjusted Earnings, Revenue Rise; Sets FY Guidance
Manitowoc Company (MTW) reported fiscal Q4 adjusted net income late Monday of $0.26 per diluted shar
Investor releaseQuarter not tagged2026-02-10Manitowoc (MTW) Q4 2025 Earnings Call Transcript
Motley Fool
Manitowoc (MTW) Q4 2025 Earnings Call Transcript
Image source: The Motley Fool. Tuesday, February 10, 2026 at 10 a.m. ET President and Chief Executive Officer — Aaron H. Ravenscroft Executive Vice President and Chief Financial Officer — Brian P. Regan Senior Vice President, Marketing and Investor Relations — Ion Warner Aaron Ravenscroft: Thank you, Ion, and good morning, everyone. Please turn to slide three. To start, I'd like to express my appreciation to our team for their hard work and never-ending passion for our company and for our customers. With their grit and determination, we delivered solid results in the fourth quarter. 2025 was a hard-fought year. Given the great trade reset in the U.S., the operating environment wasn't exactly as we anticipated. Even so, The Middle East remained strong, and we began to see green shoots in Europe and Asia Pacific. We also continue to make great progress on our Cranes Plus 50 strategy. Non-new machine sales grew 10% to $690 million, reaching another record. We continue to grow our aftermarket footprint, adding territory coverage in North Carolina, South Carolina, and Georgia in The United States, and several key provinces in France. In addition, we opened or upgraded new locations in Nashville, Phoenix, and Baton Rouge in The U.S., Sydney, Australia, and two locations in France. Lastly, we grew our field service technician population to over 500. Equally important to growing our aftermarket presence, new product development is the life of our company and critical to growing our population of cranes in the field. At the very end of 2024, we launched the MCT 2205, which is the largest topless tower crane we have ever produced. We sold 19 of these units last year, which was a great result. During 2025, we launched 11 new cranes, including the GRT 550 rough terrain, a five-axle hybrid all-terrain crane, and the MCR 815, which is the largest left-in tower crane that we've ever sold. In March, we will unveil two more special cranes at CONEXPO. We will launch an 80-ton boom truck, which is the largest boom truck that we've ever produced, and we will launch an eight-axle 700-ton all-terrain crane, which is also the largest all-terrain crane we've ever developed. A big thank you to our engineering teams. It's been a big lift to extend our product portfolio into these higher ranges. Please turn to Slide four. Turning our focus to the Manitowoc Way, I'm extremely pleased t...

