Manitowoc Q2 adjusted EBITDA jumps 86%, raises outlook
MTW•Outlook
- Manitowoc raises 2026 net sales guidance to $2.3-$2.4 bln from $2.25-$2.35 bln
- Company lifts 2026 adjusted EBITDA outlook to $150-$170 mln, including $16 mln tariff refunds
- Manitowoc sees 2026 adjusted diluted EPS at $0.80-$1.20, up from $0.45-$0.90 prior
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $594.90 mln | $564.20 mln (1 Analyst) |
| Q2 EPS | $0.39 | ||
| Q2 Adjusted Net Income | Beat | $16.80 mln | $2.10 mln (1 Analyst) |
| Q2 Net Income | $14.20 mln | ||
| Q2 Adjusted EBITDA | Beat | $48.90 mln | $28.90 mln (1 Analyst) |
| Q2 Gross Profit | $123.10 mln | ||
| Q2 Orders | $708.70 mln |
Result drivers
- Order intake - Co said strong quoting activity and positive customer sentiment led to a 56% yr/yr increase in orders and a backlog over $1 bln
- Non-new machine sales - Co reported continued momentum in non-new machine sales, which rose 6.6% yr/yr
- Margin expansion - Adjusted EBITDA margin expanded 330 basis points yr/yr, attributed to overall business execution
