Manitowoc Company Inc. reported its fourth-quarter (Q4) and full-year (FY) 2025 financial results. In Q4 2025, Manitowoc recorded net sales of USD 677.1 million, an increase of 13.6%. Orders for the quarter were USD 803.4 million, up 55.8%, resulting in a backlog of USD 793.5 million, up 22.0%. Non-new machine sales for Q4 were USD 190.9 million, increasing by 14.0%. Net income for the quarter was USD 7.0 million, or USD 0.19 per diluted share, while adjusted net income was USD 9.5 million, or USD 0.26 per diluted share. Adjusted EBITDA reached USD 39.6 million, up 13.5%. Net cash provided by operating activities amounted to USD 91.1 million, and free cash flow was USD 78.3 million. For the full year 2025, net sales totaled USD 2.24 billion, up 2.9%. Non-new machine sales were USD 690.5 million, rising 9.8%. Adjusted net income for the year was USD 11.6 million, or USD 0.32 per diluted share. Adjusted EBITDA for the year was USD 122 million. Manitowoc announced a restructuring plan expected to deliver USD 10 million in annualized savings in 2026. The company continues to execute its CRANES+50 strategy, emphasizing growth in non-new machine sales, which ended the year at over USD 690 million.

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