The Manitowoc Company — Third Quarter 2026 Earnings Summary

The Manitowoc Company reported third-quarter 2026 net income of $11.0 million, representing a 120% increase from the prior year, with net sales rising 10.9% to $613.8 million. Orders for the quarter reached $676.4 million, a 37.6% year-over-year increase, which expanded the company's backlog to $1,110.9 million. Adjusted EBITDA grew 39.0% to $47.4 million, leading the company to raise its full-year 2026 adjusted EBITDA guidance to a range of $160 to $175 million. The company also updated its full-year adjusted diluted earnings per share guidance to $0.90 to $1.25, citing strong demand in the Americas, Middle East, and Asia Pacific regions.