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.
First-quarter orders increased by 10.1% to $610.3 million, driven by strong performance in European tower cranes and the Americas segment.
Net sales for the first quarter were $470.9 million, a 4.9% decrease year-over-year.
Non-new machine sales grew by 10.6% year-over-year to $160.6 million.
Adjusted EBITDA decreased by 30.7% to $21.7 million.
The company is maintaining its guidance despite the fluid tariff situation, citing mitigation efforts and signs of turnaround in key business areas.
Analyze how earnings announcements historically affect stock price performance