Manitowoc Q1 sales miss estimates

Manitowoc

05/05/2026 21:16

Overview

U.S. crane maker's Q1 revenue rose 5% yr/yr; adjusted net loss narrowed

Q1 orders up 5.8% yr/yr, backlog at two-year high

Adjusted EBITDA for Q1 fell 9.7% yr/yr

Outlook

Manitowoc maintains full-year 2026 guidance

Company says backlog remains strong and customer sentiment continues to improve

Company expects CRANES+50 strategy to drive more stable, higher-margin recurring revenue

Result Drivers

ORDER GROWTH - Q1 orders rose 5.8% yr/yr, driving backlog to a two-year high, which co attributed to strong demand and improving customer sentiment

AFTERMARKET & NEW PRODUCTS - Co said non-new machine sales reached a record on a trailing twelve-month basis, supported by its CRANES+50 strategy and positive customer feedback for new products and aftermarket offerings

Company press release: ID:nBw2H5pN2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$494.60 mln
$516.60 mln (1 Analyst)
Q1 EPS
-$0.17
Q1 Adjusted Net Income
Miss
-$4.60 mln
$400,000 (1 Analyst)
Q1 Net Income
-$6 mln
Q1 Adjusted EBITDA
Miss
$19.60 mln
$25 mln (1 Analyst)
Q1 Gross Profit
$95.30 mln
Q1 Orders
$645.70 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

Wall Street's median 12-month price target for Manitowoc Company Inc is $10.50, about 18.3% below its May 4 closing price of $12.85

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)