Manitowoc Q2 FY26 adjusted EBITDA rises 85.9% to $48.9 million; net sales increase 10.3% to $594.9 million

Reuters2026/08/06 20:07

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Manitowoc posted second-quarter 2026 net income of USD 14.2 million, or USD 0.39 per diluted share; adjusted net income was USD 16.8 million, or USD 0.46 per share.
Net sales rose 10.3% year-over-year to USD 594.9 million; orders more than doubled to USD 708.7 million, lifting backlog to USD 1.05 billion.
Adjusted EBITDA climbed 85.9% from a year earlier to USD 48.9 million; adjusted EBITDA margin widened 3.3 percentage points to 8.2%.
Operating cash flow turned positive at USD 8 million, up USD 75.7 million year-over-year; non-new machine sales increased 6.6% to USD 172.2 million.
CEO Aaron H. Ravenscroft cited strong quoting activity and positive customer sentiment; full-year net sales guidance increased to USD 2.3 billion-USD 2.4 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Manitowoc Company Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608061601BIZWIRE_USPR_____20260806_BW670348) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Manitowoc Q2 FY26 adjusted EBITDA rises 85.9% to $48.9 million; net sales increase 10.3% to $594.9 million

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