Manitowoc Q3 sales beat estimates

Manitowoc

05/11/2025 22:15

Overview

Manitowoc Q3 net sales rise 5.4% yr/yr, beating analyst expectations

Net income for Q3 improves by $12 mln yr/yr, reaching $5 mln

Adjusted EBITDA for Q3 increases 30.2% yr/yr, driven by favorable product mix

Outlook

Manitowoc expects to finish the year at the lower end of adjusted EBITDA guidance

Result Drivers

PRODUCT MIX - Favorable product mix contributed to improved financial results

MGX DISTRIBUTION - Strong execution by MGX distribution business supported Q3 results

NON-NEW MACHINE SALES - Continued growth in non-new machine sales bolstered revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$553.40 mln
$514 mln (1 Analyst)
Q3 EPS
$0.14
Q3 Net Income
$5 mln
Q3 Adjusted EBITDA
$34.10 mln
Q3 Gross Profit
$102.60 mln
Q3 Orders
$491.40 mln


Analyst Coverage

The one available analyst rating on the shares is "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 $10.00, about 3.1% below its November 5 closing price of $10.31

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw8Gp9HVa

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(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.)