Earnings Releases·Nov 3, 2026, 4:02 PM ET

The Manitowoc Company — Third Quarter 2026 Earnings Summary

Third-quarter net sales rose 10.9% year-over-year to $613.8 million, while net income surged 120% to $11.0 million ($0.30 per share) and adjusted EBITDA increased 39.0% to $47.4 million.
Orders reached $676.4 million, a 37.6% year-over-year increase, expanding the backlog to $1,110.9 million and driving management to raise full-year 2026 adjusted EBITDA guidance to $160–$175 million and adjusted EPS guidance to $0.90–$1.25.
Strategic priorities for the remainder of the year focus on backlog execution, working-capital efficiency, and aftermarket growth via the CRANES+50 strategy, supported by robust demand in the Americas, Middle East, and Asia Pacific.
Nine-month net income improved significantly to $19.2 million from $0.2 million, though free cash flow for the period remained negative at $29.0 million, and cash reserves declined to $64.7 million from $77.3 million at year-end 2025.