MTW
The Manitowoc Company, Inc.13.03
+0.15+1.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
462.19MP/E (TTM)
8.14Basic EPS (TTM)
1.60Dividend Yield
0%Recent Filings
8-K
8-K
Manitowoc's transformation update
The Manitowoc Company disclosed its investor presentation for the August 27, 2025, IDEAS Conference, highlighting a 67% surge in non-new machine sales from 2020-2024 to boost recurring revenue and shield against cycles. While 2024 adjusted EBITDA hit $128 million on $2.2 billion sales, the firm eyes $3 billion revenue and 12% margins long-term amid recovering crane demand from infrastructure and aging fleets. Guidance projects 2025 sales at $2.175-$2.275 billion, adjusted EBITDA $120-$145 million. Steel tariffs pose risks.
8-K
Q2 earnings amid tariffs
The Manitowoc Company reported Q2 2025 revenue of $540 million, down 4% year-over-year, with adjusted EBITDA at $26 million amid tariff pressures and supply chain hiccups. Orders hit $454 million, boosted by 104% growth in European tower cranes, while U.S. demand stalls as dealers pause amid 15% tariffs on imports. Non-new machine sales climbed 10% to $162 million, fueling the CRANES+50 strategy. Tariffs drag short-term; backlog signals rebound potential.
10-Q
Q2 FY2025 results
Manitowoc's Q2 net sales dipped 4.0% y/y to $539.5M, yet gross profit held steady at $99.0M with margins expanding to 18.4% from favorable mix, while operating income fell to $9.8M amid higher ES&A costs from the bauma show. YTD, sales declined 4.4% to $1,010.4M, swinging to a $4.8M net loss from $6.1M profit, driven by EURAF weakness but offset by Americas growth and MEAP resilience; diluted EPS of $(0.14) aligns with 35.4M shares, no anti-dilution flagged. Cash burned $54.8M on operations, yielding $(71.6M) FCF after $16.8M capex, with $32.9M cash and $164.7M revolver availability supporting $470.5M total debt (9.25% notes due 2031). Acquired $12.9M assets from Ring Power in February 2025, adding inventory and intangibles. Tariffs loom as a supply chain wildcard.
8-K
Q2 orders up, sales dip
The Manitowoc Company reported Q2 2025 net sales of $539.5 million, down 4.0% year-over-year, yet orders climbed 6.0% to $453.9 million, lifting backlog to $729.3 million amid tariff headwinds. Adjusted EBITDA fell 26.9% to $26.3 million, reflecting softer new machine demand offset by 9.7% growth in non-new machine sales. Orders grew despite challenges. Executives anticipate hitting the low end of full-year guidance as U.S. crane markets stabilize over six months, while European and Middle East momentum builds.
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