Manitowoc Raises 2026 Adjusted EBITDA Guidance Following Strong Q3 Performance
The Manitowoc Company (MTW) reported strong third-quarter results, highlighted by a sales increase of over 10% and an adjusted EBITDA growth of nearly 40% compared to the previous year. Driven by robust demand, the company now maintains a substantial backlog valued at $1.1 billion. Based on this momentum, management has raised its 2026 adjusted EBITDA guidance to a range of $160 million to $175 million. CEO Aaron Ravenscroft attributed the performance to solid operational execution and strong market positioning.
Tickers: $MTW