Manitowoc Company ( (MTW) ) has released its Q3 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 under various brand names.
In its third-quarter 2025 earnings report, Manitowoc Company reported a significant improvement in financial performance, highlighted by a 15.7% increase in orders to $491.4 million, and a 5.4% rise in net sales to $553.4 million compared to the previous year. The company also achieved a net income of $5.0 million, marking a $12.0 million year-over-year improvement.
Key financial metrics for the quarter included a 30.2% increase in adjusted EBITDA to $34.1 million, driven by a favorable product mix and strong execution by the MGX distribution business. Despite facing challenges in crane demand in the Americas due to U.S. tariff pressures, the company saw continued growth in non-new machine sales and a recovering European tower crane market.
Looking ahead, Manitowoc remains optimistic about its long-term prospects, with ongoing investments in new product development and expansion of aftermarket product offerings to enhance recurring, higher-margin sales. The company aims to finish the year at the lower end of its adjusted EBITDA guidance range, reflecting a cautious but positive outlook.