Manitowoc Q3 net income rises 120% to $11.0 million; raises 2026 EBITDA guidance
Manitowoc reported third-quarter 2026 net income of $11.0 million, or $0.30 per diluted share, up from $5.0 million a year earlier, on net sales of $613.8 million, up 10.9%. The company raised its full-year 2026 adjusted EBITDA and adjusted diluted earnings per share guidance, but free cash flows were negative $42.1 million in the quarter.
Key points
- Q3 net sales were $613.8 million, up 10.9%; net income was $11.0 million, or $0.30 per diluted share, versus $5.0 million, or $0.14, a year earlier.
- Orders were $676.4 million, up 37.6%, with backlog of $1,110.9 million at September 30, 2026.
- Adjusted EBITDA guidance was raised to $160 to $175 million from $150 to $170 million; adjusted diluted EPS guidance was raised to $0.90 to $1.25 from $0.80 to $1.20.
- Free cash flows were negative $42.1 million in the quarter; full-year free cash flow guidance of $50 to $70 million was unchanged.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
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