Business
The Manitowoc Company Reports First-Quarter 2026 Financial Results; Maintains Full Year 2026 Guidance
MILWAUKEE, May 05, 2026--The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported a first-quarter net loss of $6.0 million, or $(0.17) per diluted share. First-quarter adjusted net loss(1) was $4.6 million or ($0.13) per diluted share.
About this update from Manitowoc Company, Inc. (the)
[{"type":"text","content":"First-Quarter 2026 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Orders of $645.7 million, up 5.8% year-over-year. Ending backlog of $939.9 million","length":82,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net sales of $494.6 million, up 5.0% year-over-year","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-new machine sales of $165.7 million, up 3.2% year-over-year","length":63,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net cash provided by operating activities of $27.4 million, free cash flows of $19.2 million","length":92,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":288,"olType":false},{"type":"text","content":"MILWAUKEE, May 05, 2026--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported a first-quarter net loss of $6.0 million, or $(0.17) per diluted share. First-quarter adjusted net loss(1) was $4.6 million or ($0.13) per diluted share.","length":301,"tagName":"p"},{"type":"text","content":"Orders in the first quarter were $645.7 million, a 5.8% increase from the prior year, resulting in backlog of $939.9 million.","length":125,"tagName":"p"},{"type":"text","content":"Net sales in the first quarter were $494.6 million, an increase of 5.0% from the prior year. Non-new machine sales were $165.7 million, an increase of 3.2% year-over-year. Adjusted EBITDA(1) was $19.6 million, a decrease of 9.7% from the prior year.","length":249,"tagName":"p"},{"type":"text","content":""The Manitowoc team delivered first quarter results in line with expectations. Backlog reached $940 million, our highest level in two years, reflecting strong demand for our products. Under our CRANES+50 strategy, non‑new machine sales rose 8% on a trailing twelve‑month basis to a record $696 million. In addition, customer feedback to our new products and aftermarket offerings at the ConExpo trade show was outstanding," commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company.","length":529,"tagName":"p"},{"type":"text","content":""Backlog remains strong, orders are healthy, and customer sentiment continues to improve. In addition, our CRANES+50 strategy is driving more stable, higher‑margin ...