Manitowoc Q2 adjusted EBITDA jumps 86%, raises outlook

Manitowoc

06/08/2026 21:28

Overview
U.S. lifting equipment maker's Q2 net sales rose 10% yr/yr
Adjusted EBITDA for Q2 surged 86% yr/yr, with margin expansion
Company raised full-year guidance for net sales, adjusted EBITDA, and adjusted EPS

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

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

Company press release: ID:nBw5CcZwRa

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
 

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"
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 $10.50, about 26.3% below its August 5 closing price of $14.25
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 3 - Custom Truck One Source Q2 revenue up on utility transmission, distribution markets strength; raises FY outlook
Aug 4 - Hyster-Yale Q2 revenue falls 15% on lower shipments
Aug 5 - Regal Rexnord Q2 adjusted EPS beats on tariff refund benefit

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.)