The Manitowoc Company, Inc. Q3 2026 Earnings Recap

The stock fell 2.5% after earnings, a roughly flat reaction. The quarter showed higher sales and adjusted EBITDA, while management noted that non-new machine sales for the quarter were lighter than hoped.

Key Takeaways

• Sales rose more than 10% year over year, and adjusted EBITDA increased almost 40%.
• Non-new machine sales grew 5% year over year on a trailing 12-month basis, but the quarterly result came in lighter than management had hoped.
• Americas order rates increased 60% year over year; management also cited high crane utilization, lean dealer inventories, and sold-out 2027 production schedules for large crawlers and large rough terrain cranes.
• European tower-crane business had rebounded to a “decent level,” according to management; the transcript excerpt does not provide further regional outlook detail.