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The Manitowoc Company
The Manitowoc Company (MTW) investor relations material
The Manitowoc Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary10 Feb, 2026
Executive summary
Achieved record non-new machine sales of $690.5 million in 2025, up nearly 10% year-over-year, with expanded aftermarket footprint and 11 new crane models launched.
Fourth-quarter 2025 orders rose 55.8% year-over-year to $803.4 million, with net sales up 13.6% to $677.1 million and adjusted EBITDA up 13.5% to $39.6 million.
Service technician headcount grew 12% year-over-year, supporting growth and customer service.
Improved safety metrics, reducing recordable injury rate below 1 for the first time and first-aid incidents by 10% year-over-year.
Launched Lean and AI initiatives to improve operational efficiency and customer experience.
Financial highlights
Full-year 2025 net sales were $2.24 billion, with adjusted EBITDA of $122 million (5.4% margin), and gross profit of $404.7 million.
Q4 2025 net sales reached $677.1 million, up 13.6% year-over-year, and Q4 orders and backlog both increased year-over-year.
Free cash flow for 2025 was negative $15.3 million, impacted by a $45 million EPA settlement payment.
Ended 2025 with $77.3 million cash and $298 million total liquidity; long-term debt was $447.1 million.
Adjusted diluted EPS for 2025 was $0.32, down $0.09 year-over-year.
Outlook and guidance
2026 net sales expected between $2.25–$2.35 billion; adjusted EBITDA guidance of $125–$150 million.
Adjusted diluted EPS projected at $0.45 to $0.90 for 2026.
Free cash flow guidance for 2026 is $40–$65 million, with $45–$50 million in capex, including $25 million for rental fleet.
Restructuring plan to save $10 million in 2026, offsetting inflation and FX headwinds.
Net leverage targeted below 3x by year-end 2026.
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Next The Manitowoc Company earnings date
Q1 20266 May, 2026
The Manitowoc Company
Next The Manitowoc Company earnings date
Q1 20266 May, 2026
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Frequently asked questions
The Manitowoc Company Inc designs, manufactures, and sells cranes and lifting equipment for construction and industrial applications. Its product lines include mobile telescopic cranes, tower cranes, and boom trucks. The company serves customers globally through dealers and direct sales. The company is headquartered in Milwaukee, Wisconsin, and its shares are listed on the NYSE.
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