Manitowoc Company ( (MTW) ) has released its Q2 earnings. Here is a breakdown of the information Manitowoc Company presented to its investors.
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The Manitowoc Company, Inc., headquartered in Milwaukee, Wisconsin, is a leading global provider of engineered lifting products and services, specializing in mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes.
In its second-quarter 2025 earnings report, Manitowoc reported a mixed financial performance with a notable increase in orders but a decline in net sales. The company highlighted growth in its MGX distribution business and the European tower crane market.
Key financial metrics revealed that Manitowoc’s orders rose by 6% year-over-year to $453.9 million, while net sales decreased by 4% to $539.5 million. Non-new machine sales increased by 9.7% to $161.6 million. Despite these mixed results, the company maintained a backlog of $729.3 million. Adjusted EBITDA fell by 26.9% to $26.3 million, reflecting ongoing challenges such as tariffs and market adjustments.
Looking ahead, Manitowoc’s management anticipates a challenging environment for the remainder of 2025, particularly in the U.S. crane market. However, they remain optimistic about potential growth opportunities in Europe, the Middle East, and Asia Pacific, as well as improving conditions in the U.S. once the tariff situation stabilizes.