Manitowoc Reports Third-Quarter Results, Raises 2026 Guidance
Manitowoc reported third-quarter net income of $11.0 million, or $0.30 per diluted share, and net sales of $613.8 million, up 10.9% year over year. It raised its full-year 2026 guidance.
The Manitowoc Company, Inc. announced its third-quarter 2026 financial results on November 3, 2026, reporting net income of $11.0 million, or $0.30 per diluted share, with adjusted net income of $11.5 million, or $0.31 per diluted share. Net sales for the quarter reached $613.8 million, an 10.9% increase year-over-year, surpassing the FactSet consensus estimate of $577.0 million. The company also reported strong order growth of 37.6% to $676.4 million, resulting in a total backlog of $1,110.9 million.
Adjusted EBITDA rose 39.0% to $47.4 million compared to the prior year. Following these results, the company raised its full-year 2026 guidance.