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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $677.10 mln | $636.70 mln (1 Analyst) |
Q4 EPS | $0.19 | ||
Q4 Adjusted Net Income | Miss | $9.50 mln | $12.40 mln (1 Analyst) |
Q4 Net Income | $7 mln | ||
Q4 Adjusted EBITDA | Miss | $39.60 mln | $44.60 mln (1 Analyst) |
Q4 Gross Profit | $113.30 mln | ||
Q4 Orders | $803.40 mln |
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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)