Manitowoc sales and orders up in double digits

Net sales for crane manufacturer Manitowoc rose strongly in the latest quarter, up 10.3 per cent to US 594.9 million over the same period the year before.

At $708.7 million, orders were up 56.1 % on the second quarter of 2025, pushing the order backlog past the $1 billion mark. Sales of used cranes were $172.2 million, up 6.6 % on Q2 2025.

Manitowoc posted strong results for Q2 and H1 2026. Photo: Alex Dahm/KHL Group

Adjusted earnings before interest and taxes (EBITDA) in the second quarter were $48.9 million, up 85.9 % from a year earlier.

Beating expectations

Commenting on the news Aaron Ravenscroft, Manitowoc president and CEO, said, “Our second quarter results exceeded our expectations. Net sales increased 10 % year-over-year, and adjusted EBITDA grew 86 % year-over-year. Customer sentiment remained positive, as strong quoting activity translated into higher order intake across our business. I am extremely pleased with the team’s performance across the business and the continued momentum in non-new machine sales.”

In the first half of 2026 net sales increased to $1.0895 billion, up 7.8 % on the $1.0104 billion of 2025. Operating income more than doubled from $15.1 million to $34.2 million in the same period.

The company updated its guidance for the full year 2026, raising its forecast for net sales to $2.3 to $2.4 billion, up from $2.25 to $2.35 billion. Projected EBITDA is now $150 to $170 million. The new figure includes $16 million expected from tariff refunds. Previous guidance was for EBITDA to be between $125 and $150 million.