Brief: Manitowoc Q2 Adjusted EPS USD 0.08 Vs. IBES Estimate USD 0.18

Manitowoc

07/08/2025 21:22

Overview

Manitowoc Q2 net sales down 4% yr/yr, missing analyst expectations

Adjusted EPS for Q2 misses estimates, reflecting market challenges

Company orders rise 6% driven by MGX distribution and European market

Outlook

Manitowoc expects U.S. crane market to stabilize in six months

Company anticipates finishing 2025 at lower end of guidance

Manitowoc sees positive trends in Europe, Middle East, Asia Pacific

Company adjusts build schedules for second half of 2025

Result Drivers

MGX DISTRIBUTION - Strong performance in MGX distribution business contributed to a 6% increase in orders, per CEO Aaron Ravenscroft

EUROPEAN MARKET - Continued momentum in the European tower crane market supported order growth despite tariff challenges

NON-NEW MACHINE SALES - Non-new machine sales rose 9.7% year-over-year, partially offsetting the decline in overall net sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$539.50 mln
$585 mln (3 Analysts)
Q2 Adjusted EPS
Miss
$0.08
$0.18 (4 Analysts)
Q2 EPS
$0.04
Q2 Adjusted Net Income
Miss
$2.80 mln
$6.54 mln (3 Analysts)
Q2 Net Income
$1.50 mln
Q2 Adjusted EBITDA
Miss
$26.30 mln
$35.80 mln (2 Analysts)
Q2 Gross Profit
$99 mln
Q2 Orders
$453.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

Wall Street's median 12-month price target for Manitowoc Company Inc is $11.00, about 13.4% below its August 6 closing price of $12.47

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBwNvhGGa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)