Results were in line with prior guidance. The maintained outlook and growing backlog suggest operational stability, but declining EBITDA and ongoing losses call for caution. Watch Q2 order conversion and any tariff-related margin pressure.
Price Chart
Executive Summary
Manitowoc reported Q1 2026 net sales of $494.6M, up 5.0% YoY, but posted a GAAP net loss of $6.0M ($0.17 per share). Adjusted EBITDA fell 9.7% to $19.6M. Full-year 2026 guidance was maintained, with revenue expected between $2.25B and $2.35B. Backlog rose to $939.9M, the highest in two years, offering some visibility.
Key Financial Metrics
Key Facts
- Q1 2026 net sales $494.6M (+5.0% YoY)
- GAAP net loss of $6.0M vs $6.3M loss in Q1 2025
- Adjusted EBITDA $19.6M (-9.7% YoY)
- Backlog $939.9M, highest in two years
- Full-year 2026 guidance maintained: revenue $2.25B-$2.35B, adjusted EPS $0.45-$0.90
- Free cash flow $19.2M vs $2.1M in prior year quarter
Financial Impact
Revenue grew 5% YoY but net loss continued at $6M; adjusted EBITDA declined ~10%
Risk Factors
- Sustained net losses despite revenue growth
- Adjusted EBITDA margin compression (4.0% vs 4.6% a year ago)
- Macroeconomic headwinds from tariffs and cyclical crane demand
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-206492 |
| Document: mtw-20260505.htm | 0001193125-26-206492 |
| Document: 0001193125-26-206492-index-headers.html | 0001193125-26-206492 |
| Document: 0001193125-26-206492-index.html | 0001193125-26-206492 |
| Document: 0001193125-26-206492.txt | 0001193125-26-206492 |
| 8-K Data (Synthetic) | 0001193125-26-206492 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 12, 2026 16w ago | Institutional Cluster | $12.46 $20.99 | ▼ −68.46% | ▼ −65.20% | $23.22 (−86.36%) |
May 6, 2026 21w ago | 8-K | $13.62 $14.31 | ▲ +5.07% | ▲ +1.23% | $23.22 (+70.48%) |
May 5, 2026 21w ago | 8-K | $13.28 $13.85 | ▲ +4.29% | ▲ +2.23% | $23.22 (+74.85%) |
Mar 20, 2026 28w ago | DEFA14A | $11.76 $12.71 | ▲ +8.08% | ▼ −4.98% | $23.22 (+97.45%) |
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