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Mar 31, 2025
Manitowoc Q1 2025 Earnings Report
Reported first-quarter 2025 financial results
Key Takeaways
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.
Revenue by Segment
Forward Guidance
The company is maintaining its guidance despite the fluid tariff situation, citing mitigation efforts and signs of turnaround in key business areas.
Positive Outlook
- Maintaining full-year guidance despite challenges.
- Seeing signs of a turnaround in the Europe tower crane business.
- Non-new machine sales showing strong growth.
- Order growth in Europe tower cranes for the third consecutive quarter.
- Mitigation efforts in place to address tariff impacts.
Challenges Ahead
- Tariff situation remains fluid.
- Overall net sales decreased year-over-year.
- Adjusted EBITDA decreased year-over-year.
- Specific risks and uncertainties are detailed in SEC filings.
- No specific negative guidance points were provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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