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Manitowoc Company (MTW)
NYSE:MTW
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Manitowoc Company
(NYSE:MTW)
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Rating:63Neutral
Price Target:
$10.50
▲(6.06% Upside)
Manitowoc Company's stock score is primarily influenced by its mixed financial performance and cautious earnings call sentiment. While the company shows potential in certain markets and cost mitigation strategies, challenges such as declining revenue, operational inefficiencies, and cash flow concerns weigh heavily. The technical analysis indicates a bearish trend, further impacting the score. The valuation suggests some upside potential, but the absence of a dividend yield limits its appeal.
Positive Factors
Technological Advancements
Manitowoc's focus on innovation and technology in crane manufacturing enhances its competitive edge, ensuring long-term client retention and market leadership.
European Market Growth
Sustained growth in the European market indicates robust demand and strengthens Manitowoc's position in a key region, supporting future revenue stability.
Aftermarket Services Growth
Growth in aftermarket services provides a steady income stream, enhancing revenue diversification and resilience against market fluctuations.
Negative Factors
Revenue Decline
A decline in revenue reflects challenges in maintaining sales momentum, potentially impacting long-term growth and profitability.
Cash Flow Concerns
Significant cash usage and increased leverage may strain financial flexibility, posing risks to future investment and operational stability.
North American Market Challenges
Tariff-related uncertainties in the North American market hinder demand, potentially affecting revenue and market share in a critical region.
Manitowoc Company (MTW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$353.88M
Dividend YieldN/A
Average Volume (3M)315.77K
Price to Earnings (P/E)7.9
Beta (1Y)1.74
Revenue Growth-1.96%
EPS Growth423.46%
CountryUS
Employees4,800
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.08
Shares Outstanding35,459,106
10 Day Avg. Volume310,475
30 Day Avg. Volume315,772
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap2.61
Enterprise Value/Revenue0.43
Enterprise Value/Gross Profit2.48
Enterprise Value/Ebitda9.55
Forecast
1Y Price Target
$10.75Price Target Upside8.59% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
Manitowoc Company Business Overview & Revenue Model
Company DescriptionThe Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services. Its crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.
How the Company Makes MoneyManitowoc generates revenue primarily through the sale of cranes and related equipment, which includes both new and used machinery. The company has a diversified revenue model, consisting of several key streams: equipment sales, aftermarket parts and services, and rental operations. The sales of new cranes constitute a significant portion of their revenue, while aftermarket services, including maintenance and repair parts, provide a steady income stream due to ongoing customer relationships. Additionally, Manitowoc has established partnerships with distributors and dealers to expand its market reach, which further contributes to its earnings. The company's emphasis on technological advancements and customer support also plays a vital role in attracting and retaining clients, ultimately impacting its financial performance.
Manitowoc Company Earnings Call Summary
Earnings Call Date:Aug 08, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mixed performance with notable achievements in cost mitigation, safety, and specific market segments such as the European tower crane market and Middle East growth. However, it was overshadowed by challenges including revenue decline, tariff-related uncertainties impacting the North American market, increased SG&A expenses, and concerns over cash flow and leverage. Despite some positive developments, the overall sentiment is cautious due to significant external and internal pressures.Q2-2025 Updates
Positive Updates
Improved Tariff Mitigation Strategy
Initially projected $60 million in incremental tariffs for the year with plans to mitigate 80% to 90% of these costs. The full-year gross impact of tariffs is now expected to be $35 million with a 90% mitigation rate.
Recordable Injury Rate Improvement
Achieved a recordable injury rate (RIR) of 0.67 in the first half of the year, a new safety record, showing continued progress towards a goal of zero injuries.
Strong Performance in European Tower Crane Market
New tower crane orders were up 104% year-over-year, marking the fourth consecutive quarter of year-over-year order improvements.
Middle East Market Growth
Significant infrastructure projects in Saudi Arabia and UAE with large capacity tower crane orders, including a 16-crane order for the Stargate UAE data center project.
Cranes+50 Strategy Success
Non-new machine sales were $162 million during the quarter, up 10% year-over-year, demonstrating momentum in the Cranes+50 strategy.
Negative Updates
Revenue and Adjusted EBITDA Decline
Q2 2025 net sales were $540 million, a decrease of 4% from a year ago. Adjusted EBITDA was $26 million, down $10 million year-over-year.
Challenges in North American Market
Uncertainty around tariffs leading to dealers and crane rental houses delaying purchasing decisions, impacting demand.
Increased SG&A Expenses
SG&A was $87 million in the quarter, up $4 million year-over-year, primarily driven by the Bauma trade show and other employee-related costs.
Cash Flow and Leverage Concerns
Used $68 million of cash in operating activities during the quarter, with net leverage ratio increasing to approximately 4x. Free cash flow expected at the low end of the $10 million to $15 million range.
Company Guidance
During the Manitowoc Company second quarter 2025 earnings call, the company reported $540 million in revenue and $26 million in adjusted EBITDA, with orders totaling $454 million and a backlog of $729 million. Non-new machine sales increased by 10% year-over-year to $162 million. The company revised its full-year gross impact of tariffs to $35 million, down from an earlier estimate of $60 million, and expects to mitigate 90% of these costs. Despite headwinds in the U.S. market due to tariff uncertainties, European and Middle Eastern markets showed signs of optimism, with notable growth in tower crane orders and infrastructure developments. The company achieved a recordable injury rate of 0.67 and continues to focus on its CRANES+50 strategy to strengthen the aftermarket business. For the full year, Manitowoc anticipates adjusted EBITDA at the low end of its guidance range of $120 million to $145 million, and a free cash flow of $10 million to $15 million, down from an original forecast of $45 million.Manitowoc Company Financial Statement Overview
Summary
Manitowoc Company shows moderate financial performance with strengths in cash flow generation and balance sheet stability. However, declining revenue and modest profitability margins indicate challenges in operational efficiency and growth.Income Statement
The income statement of Manitowoc Company shows a mixed performance. The TTM (Trailing-Twelve-Months) figures indicate a gross profit margin of 17.27% and a net profit margin of 2.09%. However, the revenue has declined from the previous year, reflecting a negative growth trend. The EBIT margin stands at 2.32%, indicating moderate operational efficiency. Despite the challenges, there is a positive EBITDA margin of 4.42%, showing some strength in earnings before interest, taxes, depreciation, and amortization.65
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.70, suggesting a balanced approach to leveraging. The return on equity (ROE) is modest at 6.91%, indicating moderate profitability for shareholders. The equity ratio is sound at 36.94%, showing a healthy proportion of equity financing. The company maintains a reasonable level of total assets relative to its liabilities.70
Positive
Cash Flow
The cash flow statement highlights a significant growth in free cash flow, increasing from $3.5 million to $48.4 million, indicating improved cash generation. The operating cash flow to net income ratio is 2.06, showing strong cash flow relative to net income. However, the free cash flow to net income ratio is 1.08, reflecting limited excess cash after capital expenditures. The company has managed to improve its cash generation capabilities.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.13B | 2.18B | 2.23B | 2.03B | 1.72B | 1.44B |
| Gross Profit | 371.60M | 375.00M | 425.20M | 364.50M | 307.20M | 254.70M |
| EBITDA | 96.60M | 114.30M | 139.20M | -23.50M | 94.40M | 66.10M |
| Net Income | 44.90M | 55.80M | 39.20M | -123.60M | 11.00M | -19.10M |
Balance Sheet | ||||||
| Total Assets | 1.88B | 1.66B | 1.71B | 1.62B | 1.78B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 32.90M | 48.00M | 34.40M | 64.40M | 75.40M | 128.70M |
| Total Debt | 524.60M | 437.20M | 432.30M | 431.50M | 448.70M | 349.80M |
| Total Liabilities | 1.20B | 1.02B | 1.10B | 1.08B | 1.11B | 960.00M |
| Stockholders Equity | 681.30M | 640.10M | 603.30M | 537.80M | 662.40M | 643.50M |
Cash Flow | ||||||
| Free Cash Flow | 52.10M | 3.50M | -14.40M | 15.10M | 35.80M | -61.40M |
| Operating Cash Flow | 14.00M | 49.20M | 63.00M | 76.90M | 76.20M | -35.10M |
| Investing Cash Flow | -48.30M | -40.40M | -71.80M | -58.00M | -226.30M | -25.80M |
| Financing Cash Flow | 28.00M | 6.70M | -21.40M | -29.90M | 100.90M | -14.80M |
Manitowoc Company Technical Analysis
Negative
9.90
Price Trends
10.70
Negative
11.12
Negative
10.16
Negative
Market Momentum
-0.15
Negative
43.52
Neutral
27.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTW, the sentiment is Negative. The current price of 9.9 is below the 20-day moving average (MA) of 10.04, below the 50-day MA of 10.70, and below the 200-day MA of 10.16, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 27.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTW.
Manitowoc Company Risk Analysis
Manitowoc Company disclosed 29 risk factors in its most recent earnings report. Manitowoc Company reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Manitowoc Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.40B | 19.32 | 9.11% | 1.31% | -0.35% | -63.44% | |
71 Outperform | $8.24B | 12.93 | 14.60% | 1.54% | 0.41% | -3.90% | |
71 Outperform | $1.09B | 23.91 | 6.80% | 1.09% | 1.17% | ― | |
63 Neutral | $353.88M | 7.94 | 7.05% | ― | -1.96% | 423.46% | |
61 Neutral | $658.19M | 29.81 | 4.08% | 3.82% | -7.11% | -87.41% | |
58 Neutral | $419.68M | -26.86 | -1.72% | 1.92% | -5.75% | -133.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
MTW
Manitowoc Company
9.90
0.28
2.91%
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Manitowoc Company Corporate Events
Business Operations and Strategy
Manitowoc Company to Present at IDEAS Conference
Neutral
Aug 26, 2025
The Manitowoc Company, Inc. announced its participation in the IDEAS Conference scheduled for August 27, 2025, where it will present at 8:15 AM ET. This event provides an opportunity for the company to engage with investors and stakeholders, potentially impacting its market visibility and investor relations.
The most recent analyst rating on (MTW) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Manitowoc Company stock, see the MTW Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.