Key Points – Manitowoc delivered a strong second quarter: Sales rose 10% year over year to $595 million, while adjusted EBITDA nearly doubled to $49 million and margins expanded to above 8%. – Demand and backlog strengthened significantly: Orders jumped 56% to $709 million,…
cklog reached $1.05 billion, and July orders exceeded $200 million despite being seasonally slower. – The company raised its 2026 outlook for sales, adjusted EBITDA, earnings per share and free cash flow, with tariff refunds contributing to results and strong data-center and semiconductor demand expected to continue. – Caterpillar, Terex, Manitowoc Near Buy Points As Building Booms Manitowoc (NYSE:MTW) reported higher second-quarter sales, orders and adjusted EBITDA, citing strong crane demand, improved operating execution and a net benefit from tariff-related items. The company raised its full-year outlook for sales, adjusted EBITDA, earnings per share and free cash flow
Second-quarter net sales increased 10% from a year earlier to $595 million. Adjusted EBITDA nearly doubled to $49 million from $26 million in the prior-year period, while adjusted EBITDA margin expanded 330 basis points to more than 8% of sales. “The Manitowoc team delivered great results in the second quarter,” President and Chief Executive Officer Aaron Ravenscroft said. He said the company’s core financial performance was among its strongest quarterly performances in recent years.
Orders and Backlog Expand Orders totaled $709 million in the second quarter, up 56% from a year earlier, producing a book-to-bill ratio of 1.2. Backlog ended the quarter at $1.05 billion, increasing $110 million sequentially and $321 million from the prior year. The company expects approximately $750 million of backlog to ship during 2026.