The Manitowoc Company Reports Strong Q3 2026 Results with Raised Full-Year Guidance
The Manitowoc Company (MTW) delivered robust third-quarter 2026 financial results, characterized by a significant surge in orders and improved profitability. Net sales rose 10.9% year-over-year to $613.8 million, fueled by strong demand in North America and a recovery in the European tower crane segment. Orders saw a massive 37.6% increase, reaching $676.4 million, which bolstered the company's backlog to over $1.1 billion. Driven by price realization and restructuring savings, Adjusted EBITDA grew 39% to $47.4 million. Consequently, management raised its full-year 2026 guidance for both Adjusted EBITDA and Adjusted DEPS. While regional conflicts in the Middle East and economic fragility in France present ongoing risks, the company maintains a healthy net leverage ratio of 2.7x and strong momentum heading into the fourth quarter.
Tickers: $MTW
Topics: earnings report guidance upgrade order backlog revenue growth