Earnings ·
The Manitowoc Company reported second-quarter 2026 net income of $14.2 million, or $0.39 per diluted share, with…
MTWManitowoc Co Inc
The Manitowoc Company reported second-quarter 2026 net income of $14.2 million, or $0.39 per diluted share, with adjusted net income of $16.8 million ($0.46 per share). Net sales rose 10.3% year-over-year to $594.9 million, while orders surged 56.1% to $708.7 million, pushing the backlog to $1,050.1 million. Adjusted EBITDA increased 85.9% to $48.9 million with significant margin expansion. The company raised its full-year 2026 guidance, projecting net sales of $2.3 to $2.4 billion and adjusted EBITDA of $150 to $170 million, up from prior estimates of $125 to $150 million. Manitowoc manufactures and services heavy lifting equipment, including cranes, for global industrial markets.