Manitowoc delivered higher Q4 revenue and profitability year over year, supported by strong order growth, increased backlog, and solid cash generation.
The Manitowoc Company reported a net income of $1.5 million for the second quarter of 2025, or $0.04 per diluted share. While net sales decreased by 4.0% year-over-year to $539.5 million, orders saw a 6.0% increase to $453.9 million, driven by strong performance in the MGX distribution business and European tower crane market. Adjusted EBITDA decreased by 26.9% to $26.3 million.
Manitowoc reported a decrease in net sales but an increase in orders in the first quarter of 2025 compared to the prior year. Adjusted EBITDA decreased, while net cash provided by operating activities saw a significant increase.
The Manitowoc Company reported fourth-quarter net income of $56.7 million, or $1.59 per diluted share, with net sales remaining relatively flat year-over-year at $596.0 million. Orders increased by 8.4% from the prior year, reaching $515.6 million.
Manitowoc reported a third-quarter net loss of $7.0 million, or $0.20 per diluted share. Net sales were flat year-over-year at $524.8 million. The company's adjusted EBITDA decreased by 21.3% from the prior year.
Manitowoc reported a decrease in net sales by 6.8% year-over-year to $562.1 million. Adjusted EBITDA decreased by 40.4% to $36.0 million. Orders in the second quarter were $428.4 million, a 22.2% decrease from the prior year, resulting in backlog at the end of the second quarter of $836.3 million. The company updated its full-year guidance due to weaker demand.
Manitowoc reported a decrease in net sales by 2.6% year-over-year to $495.1 million. Diluted net income per share was $0.12, and adjusted diluted net income per share was $0.14. First-quarter orders increased by 5.6% year-over-year, resulting in a backlog of $971.3 million.
The Manitowoc Company reported fourth-quarter net sales of $595.8 million, a 4.2% decrease year-over-year. The company experienced a net loss of $7.9 million, or $0.23 per diluted share. Full-year 2023 net sales increased 9.6% year-over-year to $2,227.8 million.
Manitowoc reported a strong third quarter with a 14.6% increase in net sales to $520.9 million, a net income of $10.4 million, and an adjusted EBITDA of $33.3 million. The company updated its full-year guidance and announced a $35 million share repurchase program.
Manitowoc reported strong second-quarter results, exceeding expectations with double-digit adjusted EBITDA margin. Revenue increased by 21.2% year-over-year, driven by progress on CRANES+50 with an 8.1% increase in non-new machine sales. The company raised its full-year guidance due to the solid first half of the year and strong backlog.
Manitowoc reported a solid first quarter with net sales of $508.3 million, a 10.7% increase year-over-year. Adjusted EBITDA was $45.1 million, up 44.6% from the prior year. The company is confident about its guidance despite concerns about a slowdown in the European tower crane business and the potential impact of higher interest rates.
Manitowoc reported a 24.9% increase in net sales to $621.6 million for the fourth quarter of 2022. Adjusted EBITDA increased by 50.6% to $51.5 million. However, the company reported a net loss of $144.1 million, or $(4.10) per diluted share, which included non-cash asset impairment charges of $171.9 million.
Manitowoc reported a 12.4% year-over-year increase in net sales to $454.7 million for the third quarter of 2022. Net income was $2.3 million, or $0.07 per diluted share, with adjusted net income at $3.4 million, or $0.10 per diluted share. The company's backlog reached $943.4 million, a 5.9% increase year-over-year.
Manitowoc reported a 7.2% increase in net sales to $497.2 million in Q2 2022. Net income was $15.1 million, or $0.42 per diluted share. However, new orders decreased by 19.2% year-over-year to $434.0 million, and the company's backlog decreased sequentially by 8.3% to $947.8 million.
Manitowoc reported a strong first quarter with net sales up 29.6% year-over-year to $459.0 million. Diluted net income per share was $0.09, and adjusted EBITDA was $31.2 million, an increase of $10.1 million from the prior year.
Manitowoc reported a mixed Q4 2021, with increased net sales and orders but a net loss partially due to a legal matter. The company's backlog reached its highest level in over 10 years, and adjusted EBITDA was positive.
Manitowoc reported a third-quarter loss of $(0.2) million, or $(0.01) per diluted share. Adjusted net income was $2.2 million, or $0.06 per diluted share. Net sales increased 13.8% year-over-year to $404.5 million. Orders increased 37.3% over the prior year, and backlog totaled $890.6 million, up 91.6% year-over-year.
Manitowoc reported a strong second quarter, with net sales increasing 41% year-over-year to $463.6 million. The company's order intake was robust at $537.2 million, up 126% from the prior year. Despite facing challenges such as rising inflation and supply chain shortages, Manitowoc is updating its full-year 2021 guidance.
Manitowoc reported a first-quarter net loss of ($3.1) million, or ($0.09) per diluted share. Net sales in the first quarter increased 7.6% year-over-year to $354.3 million and Adjusted EBITDA of $21.1 million increased $4.8 million over the prior year.
Manitowoc reported a net income of $1.8 million, or $0.05 per diluted share, for the fourth quarter of 2020. Net sales decreased 7.1% year-over-year to $430.3 million, while adjusted EBITDA increased to $34.2 million. Order intake totaled $508.6 million, and backlog ended the year at $543.2 million.
Manitowoc reported a net loss of $(0.4) million, or $(0.01) per diluted share, but adjusted net income was $3.5 million, or $0.10 per diluted share. Net sales decreased 20.6% year-over-year to $355.6 million, while orders increased 10.5% from the prior year. The company ended the quarter with nearly $400 million of liquidity.
Manitowoc reported a second-quarter net loss of $12.7 million, or $0.37 per diluted share, with net sales decreasing 35% year-over-year to $328.3 million due to the COVID-19 pandemic and weak economic activity. Adjusted EBITDA was $7.8 million, or 2.4% of sales, and second-quarter orders declined 36.1% from the prior year.
Manitowoc reported a first-quarter net loss of $7.8 million, or $0.22 per diluted share. Net sales were $329.2 million and adjusted EBITDA was $16.3 million, or 5.0% of sales. First-quarter orders declined 15.0% from the prior year, totaling $375.0 million. The company had total liquidity of $382.0 million as of March 31, 2020.
Manitowoc reported fourth-quarter net income of $9.2 million, or $0.26 per diluted share. Adjusted net income improved 117% to $12.6 million, or $0.35 per diluted share. Adjusted EBITDA was $30.9 million, or 6.7% of sales. Adjusted operating cash flows increased $108.9 million from the comparable period in 2018, reaching $144.6 million. However, fourth-quarter orders decreased 2% from the prior year on a currency neutral basis, totaling $472.0 million.