Earnings ·
Reports Q3 net income of $11M, raises full-year adjusted EBITDA guidance to $160-$175 million
MTWManitowoc Co Inc
The Manitowoc Company reported third-quarter 2026 net income of $11.0 million, or $0.30 per diluted share, a 120% increase from the prior year period. Net sales rose 10.9% to $613.8 million, while adjusted EBITDA grew 39.0% to $47.4 million. Orders surged 37.6% year-over-year to $676.4 million, expanding the backlog to $1,110.9 million. The company raised its full-year adjusted EBITDA guidance to a range of $160-$175 million from $150-$170 million and increased adjusted diluted earnings per share guidance to $0.90-$1.25 from $0.80-$1.20, citing strong momentum in crane demand across the Americas, Middle East, and Asia Pacific. The Manitowoc Company manufactures and services heavy-lifting cranes and related equipment.