Manitowoc Q3 sales rise 10.9%, lifts full-year outlook
MTW•Manitowoc’s third-quarter sales rose 10.9% year over year to $613.8 million, while adjusted EBITDA increased 39% to $47.4 million. The company raised its 2026 adjusted EBITDA and adjusted diluted EPS guidance, while maintaining its net sales outlook.
1. Quarterly results
Manitowoc reported third-quarter sales of $613.8 million, up 10.9% year over year. Adjusted EBITDA rose 39% to $47.4 million, adjusted EPS was $0.31, and orders increased 37.6% to $676.4 million.
2. Raised guidance
The company raised its 2026 adjusted EBITDA outlook to $160 million-$175 million from $150 million-$170 million and its adjusted diluted EPS outlook to $0.90-$1.25 from $0.80-$1.20. It maintained its net sales guidance at $2.3 billion-$2.4 billion.
3. Order growth
Manitowoc said rising orders expanded its backlog and reflected continued strength in crane demand in the Americas, Middle East and Asia Pacific. It also said it continues to grow its aftermarket business through its CRANES+50 strategy.
