Manitowoc Q4 net sales rise

Overview

• Lifting products provider's Q4 net sales rose 13.6% yr/yr

• Adjusted net income and adjusted EBITDA missed analyst estimates

• Company announced restructuring plan expected to save $10 mln annually in 2026

Outlook

• Manitowoc expects 2026 net sales between $2.25 bln and $2.35 bln

• Company forecasts 2026 adjusted EBITDA between $125 mln and $150 mln

• Restructuring plan aims for $10 mln annual savings in 2026

Result Drivers

• ORDERS INCREASE - Orders rose 55.8% year-over-year, contributing to a strong backlog of $793.5 mln

• CRANES+50 STRATEGY - Non-new machine sales increased 14% yr/yr, supported by CRANES+50 strategy

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

• Wall Street's median 12-month price target for Manitowoc Company Inc is $10.00, about 33.5% below its February 6 closing price of $15.03

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBw42BgS6a

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