Manitowoc Company ( (MTW) ) has released its Q1 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 provider of engineered lifting products and services, specializing in mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under various brand names.
In its first-quarter 2025 earnings report, Manitowoc reported a notable increase in orders, particularly in its European tower crane business, despite a slight decline in net sales compared to the previous year. The company maintained its full-year guidance, signaling confidence in its strategic direction.
Key financial highlights include a 10.1% increase in orders to $610.3 million, driven by significant growth in new machine orders in Europe and the Americas. However, net sales decreased by 4.9% to $470.9 million. The company reported a decrease in adjusted EBITDA by 30.7% to $21.7 million, while net cash provided by operating activities increased significantly to $12.9 million.
Despite challenges such as tariffs and macroeconomic conditions, Manitowoc’s management remains optimistic about future growth, particularly in its European segment. The company continues to focus on mitigating external impacts and capitalizing on strategic opportunities.
Looking ahead, Manitowoc’s management is committed to maintaining its guidance for 2025, emphasizing the company’s resilience and adaptability in navigating market challenges and leveraging growth opportunities in its core segments.