Manitowoc Reports Q1 Revenue of $494.6M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2026
0mins
Should l Buy MTW?
Reports Q revenue $494.6M, one estimates $516.6M. "The Manitowoc team delivered first quarter results in line with expectations. Backlog reached $940 million, our highest level in two years, reflecting strong demand for our products. Under our CRANES+50 strategy, non-new machine sales rose 8% on a trailing twelve-month basis to a record $696 million. In addition, customer feedback to our new products and aftermarket offerings at the ConExpo trade show was outstanding," commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company. "Backlog remains strong, orders are healthy, and customer sentiment continues to improve. In addition, our CRANES+50 strategy is driving more stable, higher-margin recurring revenue, which sets a strong foundation for our long-term success."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MTW?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MTW
Wall Street analysts forecast MTW stock price to fall
2 Analyst Rating
0 Buy
0 Hold
2 Sell
Moderate Sell
Current: 12.730
Low
9.00
Averages
9.50
High
10.00
Current: 12.730
Low
9.00
Averages
9.50
High
10.00
About MTW
The Manitowoc Company, Inc. is a provider of engineered lifting solutions. The Company, through its wholly owned subsidiaries, designs, manufactures, markets, distributes, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names. Its segments include Americas segment, Europe and Africa (EURAF) segment and Middle East and Asia Pacific (MEAP) segment. The Americas segment includes the North America and South America continents. The EURAF segment includes the Europe and Africa continents, excluding the Middle East region. The MEAP segment includes the Asia and Australia continents and the Middle East region. The Company’s crane products are used in a variety of applications throughout the world, including energy production/distribution and utility, petrochemical and industrial, and infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Manitowoc Company Q1 2026 Earnings Call Insights
- Order and Backlog Status: Manitowoc reported nearly $650 million in orders for Q1 2026, with a backlog of $940 million, indicating strong market demand even amid an economic downturn, which is expected to support future performance growth.
- Financial Performance and Guidance: The company reaffirmed its 2026 net sales guidance of $2.25 billion to $2.35 billion and adjusted EBITDA of $125 million to $150 million, reflecting management's optimistic outlook despite challenges posed by tariff volatility.
- Product Updates and Market Feedback: The introduction of an 80-ton boom truck and an 800-ton all-terrain crane at CONEXPO received positive feedback, with expectations to launch in 2027, enhancing the competitiveness of the product line and potentially driving future sales growth.
- Operational Efficiency Improvement: Following the implementation of the ServiceMax asset management system, non-new machine sales grew by 3% year-over-year, demonstrating the company's potential for expansion in aftermarket services and accessories, which is expected to further enhance customer satisfaction and market share.
See More
Manitowoc Q1 Earnings Miss Expectations with Losses
- Disappointing Earnings: Manitowoc reported a Q1 non-GAAP EPS of -$0.13, missing expectations by $0.17, indicating challenges in profitability that could undermine investor confidence.
- Lackluster Revenue Growth: Revenue increased by 5.0% year-over-year to $494.6M, yet fell short of expectations by $22M, reflecting a failure to fully convert market demand into sales, which may impact future financial performance.
- Positive Order Trends: The total order amount reached $645.7M, up 5.8% year-over-year, demonstrating stability in market demand that could support future revenue growth.
- High Backlog: Manitowoc's ending backlog stood at $939.9M, indicating potential revenue sources in the coming months, but also necessitating attention to production capacity to meet demand.
See More
Manitowoc Company Reports Q1 Financial Results with Net Loss
- Net Loss Overview: Manitowoc Company reported a net loss of $6.0 million for Q1, translating to a loss of $0.17 per share, which is an improvement from last year's loss of $6.3 million or $0.18 per share, indicating efforts in loss control.
- Adjusted Loss Figures: The adjusted loss stood at $4.6 million, or $0.13 per share, compared to $5.7 million and $0.16 per share in the previous year, suggesting improvements in operational efficiency despite ongoing challenges.
- Sales Growth: The company achieved net sales of $494.6 million in the first quarter, up 5.02% from $470.9 million last year, reflecting a recovery in market demand and the competitiveness of its products.
- Stock Price Reaction: Following the earnings report, Manitowoc's stock fell by 11.34% in after-hours trading to $12.12 per share, indicating a negative investor reaction to the financial results, which may impact future financing capabilities.
See More
Manitowoc Reports Q1 2026 Highlights with Strong Orders and Backlog
- Order Growth: In Q1 2026, Manitowoc reported total orders of $645.7 million, reflecting a 5.8% year-over-year increase, which indicates strong market demand and pushes the backlog to $939.9 million, the highest level in two years, showcasing the company's competitive strength in the industry.
- Sales Performance: The net sales for the first quarter reached $494.6 million, up 5.0% year-over-year, with non-new machine sales at $165.7 million, a 3.2% increase, reflecting sustained demand for existing product lines and enhancing revenue stability.
- Cash Flow Performance: The company generated $27.4 million in net cash from operating activities and reported free cash flows of $19.2 million, demonstrating effective cash management that provides a solid financial foundation for future investments and operations.
- Adjusted Net Loss: The adjusted net loss for the first quarter was $4.6 million, with a diluted loss per share of $0.13; despite facing challenges, the management remains optimistic about the future, emphasizing that the successful implementation of the CRANES+50 strategy will lay a strong foundation for long-term growth.
See More
Manitowoc Company Q4 2025 Earnings Call Highlights
- Sales Performance Growth: Manitowoc reported Q4 2025 net sales of $677 million, a 14% year-over-year increase, driven by higher shipments of tower cranes in North America and Europe, with non-new machine sales reaching a record $690 million, indicating strong market performance.
- Order and Backlog Situation: The company generated $803 million in orders during Q4, up 56% year-over-year, with a year-end backlog of $794 million, reflecting robust order momentum, particularly in Europe and Asia Pacific.
- Financial Outlook and Restructuring Plan: Manitowoc projects 2026 net sales between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, alongside a restructuring plan targeting approximately $10 million in annual savings to mitigate ongoing tariff pressures.
- Market Challenges and Strategic Response: Despite challenges from tariffs and flat rental rates, management remains confident in future strategic execution and new product launches, emphasizing growth through expanded distribution agreements and non-new machine sales.
See More
Manitowoc Q4 Earnings Report Analysis
- Earnings Performance: Manitowoc reported a Q4 non-GAAP EPS of $0.26, missing expectations by $0.01, while revenue reached $677.1 million, a 13.6% year-over-year increase, exceeding forecasts by $40.1 million, indicating resilience in the market.
- 2026 Financial Guidance: The company projects net sales for 2026 to be between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, reflecting a cautiously optimistic outlook for future growth despite market challenges.
- Capital Expenditure Plans: Anticipated capital expenditures for 2026 are set at $45 million to $50 million, with approximately $25 million allocated for the rental fleet, which will enhance operational capabilities and support future business expansion.
- Restructuring Plan Impact: Manitowoc's restructuring plan is expected to deliver $10 million in annualized savings by 2026, which will help improve the company's financial health and profitability, although short-term challenges may persist.
See More
Manitowoc Company Q1 2026 Earnings Call Insights
- Order and Backlog Status: Manitowoc reported nearly $650 million in orders for Q1 2026, with a backlog of $940 million, indicating strong market demand even amid an economic downturn, which is expected to support future performance growth.
- Financial Performance and Guidance: The company reaffirmed its 2026 net sales guidance of $2.25 billion to $2.35 billion and adjusted EBITDA of $125 million to $150 million, reflecting management's optimistic outlook despite challenges posed by tariff volatility.
- Product Updates and Market Feedback: The introduction of an 80-ton boom truck and an 800-ton all-terrain crane at CONEXPO received positive feedback, with expectations to launch in 2027, enhancing the competitiveness of the product line and potentially driving future sales growth.
- Operational Efficiency Improvement: Following the implementation of the ServiceMax asset management system, non-new machine sales grew by 3% year-over-year, demonstrating the company's potential for expansion in aftermarket services and accessories, which is expected to further enhance customer satisfaction and market share.
See More
Manitowoc Q1 Earnings Miss Expectations with Losses
- Disappointing Earnings: Manitowoc reported a Q1 non-GAAP EPS of -$0.13, missing expectations by $0.17, indicating challenges in profitability that could undermine investor confidence.
- Lackluster Revenue Growth: Revenue increased by 5.0% year-over-year to $494.6M, yet fell short of expectations by $22M, reflecting a failure to fully convert market demand into sales, which may impact future financial performance.
- Positive Order Trends: The total order amount reached $645.7M, up 5.8% year-over-year, demonstrating stability in market demand that could support future revenue growth.
- High Backlog: Manitowoc's ending backlog stood at $939.9M, indicating potential revenue sources in the coming months, but also necessitating attention to production capacity to meet demand.
See More
Manitowoc Company Reports Q1 Financial Results with Net Loss
- Net Loss Overview: Manitowoc Company reported a net loss of $6.0 million for Q1, translating to a loss of $0.17 per share, which is an improvement from last year's loss of $6.3 million or $0.18 per share, indicating efforts in loss control.
- Adjusted Loss Figures: The adjusted loss stood at $4.6 million, or $0.13 per share, compared to $5.7 million and $0.16 per share in the previous year, suggesting improvements in operational efficiency despite ongoing challenges.
- Sales Growth: The company achieved net sales of $494.6 million in the first quarter, up 5.02% from $470.9 million last year, reflecting a recovery in market demand and the competitiveness of its products.
- Stock Price Reaction: Following the earnings report, Manitowoc's stock fell by 11.34% in after-hours trading to $12.12 per share, indicating a negative investor reaction to the financial results, which may impact future financing capabilities.
See More
Manitowoc Reports Q1 2026 Highlights with Strong Orders and Backlog
- Order Growth: In Q1 2026, Manitowoc reported total orders of $645.7 million, reflecting a 5.8% year-over-year increase, which indicates strong market demand and pushes the backlog to $939.9 million, the highest level in two years, showcasing the company's competitive strength in the industry.
- Sales Performance: The net sales for the first quarter reached $494.6 million, up 5.0% year-over-year, with non-new machine sales at $165.7 million, a 3.2% increase, reflecting sustained demand for existing product lines and enhancing revenue stability.
- Cash Flow Performance: The company generated $27.4 million in net cash from operating activities and reported free cash flows of $19.2 million, demonstrating effective cash management that provides a solid financial foundation for future investments and operations.
- Adjusted Net Loss: The adjusted net loss for the first quarter was $4.6 million, with a diluted loss per share of $0.13; despite facing challenges, the management remains optimistic about the future, emphasizing that the successful implementation of the CRANES+50 strategy will lay a strong foundation for long-term growth.
See More
Manitowoc Company Q4 2025 Earnings Call Highlights
- Sales Performance Growth: Manitowoc reported Q4 2025 net sales of $677 million, a 14% year-over-year increase, driven by higher shipments of tower cranes in North America and Europe, with non-new machine sales reaching a record $690 million, indicating strong market performance.
- Order and Backlog Situation: The company generated $803 million in orders during Q4, up 56% year-over-year, with a year-end backlog of $794 million, reflecting robust order momentum, particularly in Europe and Asia Pacific.
- Financial Outlook and Restructuring Plan: Manitowoc projects 2026 net sales between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, alongside a restructuring plan targeting approximately $10 million in annual savings to mitigate ongoing tariff pressures.
- Market Challenges and Strategic Response: Despite challenges from tariffs and flat rental rates, management remains confident in future strategic execution and new product launches, emphasizing growth through expanded distribution agreements and non-new machine sales.
See More
Manitowoc Q4 Earnings Report Analysis
- Earnings Performance: Manitowoc reported a Q4 non-GAAP EPS of $0.26, missing expectations by $0.01, while revenue reached $677.1 million, a 13.6% year-over-year increase, exceeding forecasts by $40.1 million, indicating resilience in the market.
- 2026 Financial Guidance: The company projects net sales for 2026 to be between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, reflecting a cautiously optimistic outlook for future growth despite market challenges.
- Capital Expenditure Plans: Anticipated capital expenditures for 2026 are set at $45 million to $50 million, with approximately $25 million allocated for the rental fleet, which will enhance operational capabilities and support future business expansion.
- Restructuring Plan Impact: Manitowoc's restructuring plan is expected to deliver $10 million in annualized savings by 2026, which will help improve the company's financial health and profitability, although short-term challenges may persist.
See More
