The Manitowoc Company Reports Strong Third-Quarter 2026 Results; Raises Full Year Guidance
Business Wire•03/11/2026•16:01 ET
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Key Highlights
- ➤Orders $676.4 million, up 37.6% year-over-year, expanded backlog to $1,110.9 million
- ➤Net sales $613.8 million, up 10.9% year-over-year
- ➤Net income $11.0 million, up 120% year-over-year
- ➤Adjusted EBITDA $47.4 million, up 39.0% year-over-year
- ➤Manitowoc raised adjusted EBITDA guidance to $160-$175 million and adjusted EPS to $0.90-$1.25
Expert Statements
Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc.
“Manitowoc’s third quarter results exceeded our expectations, highlighted by robust orders, double-digit sales growth, and a significant improvement in adjusted EBITDA. Backlog expanded over the last four consecutive quarters, reflecting continued strength in crane demand, particularly in the Americas, Middle East, and Asia Pacific, providing good visibility to the fourth quarter and into 2027. I am proud of the team’s continued focus on serving our customers and executing our strategic priorities.”
Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc.
“For the remainder of the year, our priorities remain clear: execute against our backlog, improve working-capital efficiency, and continue to grow the aftermarket business through our CRANES+50 strategy. Given our strong momentum, we have raised our guidance for adjusted EBITDA and adjusted diluted earnings per share.”
The Manitowoc Company Reports Strong Third-Quarter 2026 Results; Raises Full Year Guidance
* Orders of $676.4 million, up 37.6% year-over-year. Backlog of $1,110.9 million at quarter end
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