Manitowoc Co Stock Price, News & Analysis

Manitowoc (NYSE:MTW) announced that its subsidiary Grove US LLC has achieved Level 2 Cybersecurity Maturity Model Certification (CMMC) from the U.S. Department of Defense with a perfect score of 110. This certification, which became mandatory for DoD contractors on December 16, 2024, demonstrates the company's ability to protect Controlled Unclassified Information (CUI) throughout the Defense Industrial Base (DIB).

Manitowoc is among a select group of companies that have achieved compliance with the new, more stringent CMMC requirements, positioning it favorably for future Department of Defense contracts.

Manitowoc (NYSE:MTW) has scheduled its second-quarter 2025 earnings announcement and conference call. The company will release its Q2 2025 financial results on Thursday, August 7, 2025, after market close.

A conference call to discuss the results and outlook will be held on Friday, August 8, 2025, at 10:00 a.m. ET. Investors can access the webcast through Manitowoc's website at http://ir.manitowoc.com in the "Events & Presentations" section, where a replay will also be available.

Manitowoc (NYSE:MTW), a leading global manufacturer of cranes and lifting solutions, has been recognized as one of America's Best Midsize Companies by TIME magazine for the second consecutive year. The company demonstrated excellence in three key areas: employee satisfaction, revenue growth, and sustainability transparency, as evaluated by TIME and Statista Inc.

The recognition applies to U.S.-based companies with revenues between $100 million and $10 billion in 2023 and 2024. Notably, Manitowoc improved its ranking significantly, advancing 170 positions to reach the 190th place in the latest listing.

Manitowoc (NYSE: MTW) reported mixed Q1 2025 results with notable growth in orders despite lower sales. Orders increased 10.1% year-over-year to $610.3 million, driven by significant growth in European tower crane business (+68.3%) and Americas segment (+23.8%). However, net sales declined 4.9% to $470.9 million.

The company's non-new machine sales grew 10.6% to $160.6 million, reaching $644.5 million on a trailing twelve-month basis. Adjusted EBITDA decreased 30.7% to $21.7 million. Net cash from operations improved significantly to $12.9 million, up $43.5 million from the previous year. The company maintained its full-year 2025 guidance despite ongoing tariff challenges.

The Manitowoc Company (NYSE: MTW) has scheduled its first-quarter 2025 earnings announcement for Tuesday, May 6, 2025, after market close. The company will hold a conference call to discuss results and outlook on Wednesday, May 7, 2025, at 11:00 a.m. ET (10:00 a.m. CT).

Investors can access the webcast through Manitowoc's investor relations website in the 'Events & Presentations' section, where a replay will also be available.

Manitowoc (NYSE: MTW), a global manufacturer of cranes and lifting solutions, has filed an anti-dumping petition with the U.S. International Trade Commission and U.S. Department of Commerce. The petition alleges predatory dumping practices by Japanese manufacturers of lattice-boom crawler cranes, specifically targeting Kobelco.

CEO Aaron H. Ravenscroft stated that Kobelco's actions have negatively impacted Manitowoc's U.S. lattice-boom crawler crane operations. The company is seeking government intervention to establish fair market conditions to protect its U.S. workforce.

Manitowoc (MTW) reported Q4 2024 financial results with net sales of $596.0 million and net income of $56.7 million. Q4 adjusted EBITDA was $34.9 million, down 4.4% year-over-year, while orders increased 8.4% to $515.6 million. The company's backlog stood at $650.2 million as of December 31, 2024.

For full-year 2024, net sales decreased 2.2% to $2,178.0 million, while non-new machine sales grew to $629.1 million, up $16.5 million year-over-year. The company's adjusted net income for 2024 was $14.7 million ($0.41 per diluted share), down $39.8 million from 2023.

Looking ahead, Manitowoc provided 2025 guidance with projected net sales of $2.175-2.275 billion and adjusted EBITDA of $120-145 million. The company recently expanded its aftermarket footprint by acquiring distribution rights for the Carolinas and Georgia.

Manitowoc Company (NYSE: MTW), a global manufacturer of cranes and lifting solutions, has announced the completion of an acquisition of certain crane assets from Ring Power through its subsidiary MGX Equipment Services, The strategic move expands Manitowoc's direct-to-customer presence in Georgia, North Carolina, and South Carolina.

Through this acquisition, MGX will provide new and used crane sales, aftermarket parts, service, and remanufacturing support to various end market customers in these territories. Ring Power will maintain its facilities in these states for utility and vocational truck operations while continuing to operate its crane business in Florida, representing Grove, Manitowoc, and National Crane products.

The Manitowoc Company (NYSE: MTW) has announced its schedule for the release of fourth-quarter 2024 and full-year 2024 financial results. The company will disclose its earnings report on Wednesday, February 12, 2025, after market close. A conference call to discuss the results and future outlook is scheduled for Thursday, February 13, 2025, at 10:00 a.m. ET (9:00 a.m. CT). Investors can access the earnings call via webcast on Manitowoc's investor relations website, where a replay will also be available afterward.