Manitowoc posts strong Q3 2026 results and lifts full‑year adjusted EBITDA and EPS guidance
The Manitowoc Company reported third‑quarter 2026 net sales of $613.8 million, up 10.9% year‑over‑year, and orders of $676.4 million, up 37.6% YoY. Net income rose 120% to $11.0 million and adjusted EBITDA increased 39% to $47.4 million. The firm raised its full‑year 2026 adjusted EBITDA guidance to $160 million‑$175 million and adjusted diluted EPS guidance to $0.90‑$1.25, citing strong global crane demand and an expanding backlog of $1.1 billion.
Why it matters
Manitowoc says the higher adjusted EBITDA and EPS outlook reflects continued order momentum and should support a stronger valuation. Analysts note the earnings beat and raised guidance as a positive catalyst for the stock.
Key facts
- 1Orders were $676.4 million, up 37.6% YoY. stocktitan.net
- 2Net sales were $613.8 million, up 10.9% YoY. stocktitan.net
- 3Net income was $11.0 million, up 120% YoY. stocktitan.net
- 4Adjusted EBITDA was $47.4 million, up 39.0% YoY. stocktitan.net
- 5Backlog at quarter end was $1,110.9 million. stocktitan.net
- 6Full‑year 2026 adjusted EBITDA guidance was raised to $160 million‑$175 million (previous $150 million‑$170 million). sec.gov
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.