Manitowoc Q4 Earnings Report Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy MTW?
Source: seekingalpha
- Earnings Performance: Manitowoc reported a Q4 non-GAAP EPS of $0.26, missing expectations by $0.01, while revenue reached $677.1 million, a 13.6% year-over-year increase, exceeding forecasts by $40.1 million, indicating resilience in the market.
- 2026 Financial Guidance: The company projects net sales for 2026 to be between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, reflecting a cautiously optimistic outlook for future growth despite market challenges.
- Capital Expenditure Plans: Anticipated capital expenditures for 2026 are set at $45 million to $50 million, with approximately $25 million allocated for the rental fleet, which will enhance operational capabilities and support future business expansion.
- Restructuring Plan Impact: Manitowoc's restructuring plan is expected to deliver $10 million in annualized savings by 2026, which will help improve the company's financial health and profitability, although short-term challenges may persist.
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Analyst Views on MTW
Wall Street analysts forecast MTW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTW is 9.50 USD with a low forecast of 9.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
0 Hold
2 Sell
Moderate Sell
Current: 15.030
Low
9.00
Averages
9.50
High
10.00
Current: 15.030
Low
9.00
Averages
9.50
High
10.00
About MTW
The Manitowoc Company, Inc. is a provider of engineered lifting solutions. The Company, through its wholly owned subsidiaries, designs, manufactures, markets, distributes, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names. Its segments include Americas segment, Europe and Africa (EURAF) segment and Middle East and Asia Pacific (MEAP) segment. The Americas segment includes the North America and South America continents. The EURAF segment includes the Europe and Africa continents, excluding the Middle East region. The MEAP segment includes the Asia and Australia continents and the Middle East region. The Company’s crane products are used in a variety of applications throughout the world, including energy production/distribution and utility, petrochemical and industrial, and infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Manitowoc Scheduled to Announce Q4 Earnings on February 9
- Earnings Announcement Date: Manitowoc is set to release its Q4 earnings on February 9 after market close, with consensus EPS estimate at $0.27 and revenue estimate at $637 million, reflecting a 6.9% year-over-year growth.
- Historical Performance Review: Over the past two years, Manitowoc has only beaten EPS estimates 13% of the time and revenue estimates 38% of the time, indicating significant performance volatility.
- Recent Forecast Changes: In the last three months, there have been no upward revisions to EPS estimates, with one downward revision, suggesting a cautious market outlook regarding the company's future performance.
- Market Analyst Perspective: Although there are signs of recovery in Q3, analysts believe Manitowoc is not yet a buy, urging investors to carefully assess the company's financial health before making investment decisions.
See More
Manitowoc Q4 Earnings Report Analysis
- Earnings Performance: Manitowoc reported a Q4 non-GAAP EPS of $0.26, missing expectations by $0.01, while revenue reached $677.1 million, a 13.6% year-over-year increase, exceeding forecasts by $40.1 million, indicating resilience in the market.
- 2026 Financial Guidance: The company projects net sales for 2026 to be between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, reflecting a cautiously optimistic outlook for future growth despite market challenges.
- Capital Expenditure Plans: Anticipated capital expenditures for 2026 are set at $45 million to $50 million, with approximately $25 million allocated for the rental fleet, which will enhance operational capabilities and support future business expansion.
- Restructuring Plan Impact: Manitowoc's restructuring plan is expected to deliver $10 million in annualized savings by 2026, which will help improve the company's financial health and profitability, although short-term challenges may persist.
See More
Manitowoc's MGX Equipment Services Partners with Hiab for U.S. Distribution
- Dealer Agreement Signed: Manitowoc's wholly-owned subsidiary, MGX Equipment Services, has entered into a dealer agreement with Hiab to distribute HIAB loader cranes and provide aftermarket parts and services, marking a significant step in the company's market expansion.
- Expanded Coverage Area: Under the agreement, MGX will serve customers in 13 states, including Colorado, Delaware, and Iowa, which not only enhances Manitowoc's direct customer engagement in the U.S. but also strengthens its competitive position in the market.
- Strategic Market Adjustment: By partnering with Hiab, Manitowoc can more effectively meet customer demands for high-quality lifting equipment, thereby driving sales growth and enhancing brand influence, further solidifying its position in the industry.
- Market Reaction: Manitowoc's stock price dipped slightly to $15.03 in pre-market trading; although the market remains optimistic about its Q3 recovery, investors should cautiously assess its long-term investment value.
See More
Manitowoc Completes Strategic Dealer Agreement with Hiab
- Strategic Partnership: Manitowoc's wholly-owned subsidiary MGX has completed a strategic dealer agreement with Hiab, expanding MGX's direct-to-customer footprint in the U.S. by adding distribution of HIAB loader cranes and aftermarket support, enhancing market competitiveness.
- Market Expansion: MGX will now serve Hiab customers across 13 states, including Colorado and Delaware, which will drive growth in the U.S. market through improved service capabilities and deeper customer engagement.
- Growth Potential: This agreement not only accelerates the growth of MGX and Manitowoc in the U.S. but also creates new opportunities for both companies to meet diverse customer needs with a broader range of lifting solutions.
- Enhanced Industry Influence: Hiab executives noted that the partnership with MGX significantly enhances their coverage in the U.S. market, providing premium sales and service support, indicating strong growth prospects ahead.
See More
Manitowoc: EU Initiates Investigation into Chinese Mobile Crane Imports for Anti-Dumping Practices
Investigation Initiation: The European Commission has launched an anti-dumping investigation into mobile crane imports from China, prompted by a complaint from European manufacturers represented by the VDMA Materials Handling and Intralogistics Association.
Concerns Over Competition: The investigation aims to address concerns regarding unfair competition due to low-priced Chinese cranes, which are believed to threaten over 7,000 jobs in Europe and impact the broader supply chain.
Evidence of Injury: VDMA members, including major companies like Liebherr and Manitowoc, have provided evidence of material injury caused by predatory pricing and advantages enjoyed by Chinese exporters, such as government subsidies and favorable financing.
Importance of European Cranes: European-made mobile cranes are vital for infrastructure, renewable energy, and defense projects, highlighting the industry's commitment to safety, performance, and compliance with EU standards.
See More
Manitowoc Supports EU Anti-Dumping Investigation into Chinese Mobile Cranes
- Anti-Dumping Investigation Launched: The European Commission has initiated an anti-dumping investigation into mobile cranes from China, following a complaint from leading European manufacturers, focusing on self-propelled cranes with a lifting capacity of at least 30 tons, crucial for ensuring Europe's strategic independence in infrastructure, defense, and energy sectors.
- Industry Support: Manitowoc's CEO Aaron H. Ravenscroft expressed strong support for the investigation to ensure fair competition and protect European innovation, manufacturing, and jobs, urging the European Commission to act swiftly to restore a level playing field.
- Industry Impact: The complaint involves major companies including Manitowoc, Liebherr, Sennebogen, and Tadano, which represent a significant majority of the EU mobile crane industry, highlighting the industry's keen interest in anti-dumping measures.
- Market Context: The VDMA Materials Handling and Intralogistics Association represents over 250 European companies, underscoring the mechanical and plant engineering sector's economic significance in the EU, with an estimated turnover of €870 billion and impacting around 3 million jobs.
See More
Manitowoc Scheduled to Announce Q4 Earnings on February 9
- Earnings Announcement Date: Manitowoc is set to release its Q4 earnings on February 9 after market close, with consensus EPS estimate at $0.27 and revenue estimate at $637 million, reflecting a 6.9% year-over-year growth.
- Historical Performance Review: Over the past two years, Manitowoc has only beaten EPS estimates 13% of the time and revenue estimates 38% of the time, indicating significant performance volatility.
- Recent Forecast Changes: In the last three months, there have been no upward revisions to EPS estimates, with one downward revision, suggesting a cautious market outlook regarding the company's future performance.
- Market Analyst Perspective: Although there are signs of recovery in Q3, analysts believe Manitowoc is not yet a buy, urging investors to carefully assess the company's financial health before making investment decisions.
See More
Manitowoc Q4 Earnings Report Analysis
- Earnings Performance: Manitowoc reported a Q4 non-GAAP EPS of $0.26, missing expectations by $0.01, while revenue reached $677.1 million, a 13.6% year-over-year increase, exceeding forecasts by $40.1 million, indicating resilience in the market.
- 2026 Financial Guidance: The company projects net sales for 2026 to be between $2.25 billion and $2.35 billion, with adjusted EBITDA expected to range from $125 million to $150 million, reflecting a cautiously optimistic outlook for future growth despite market challenges.
- Capital Expenditure Plans: Anticipated capital expenditures for 2026 are set at $45 million to $50 million, with approximately $25 million allocated for the rental fleet, which will enhance operational capabilities and support future business expansion.
- Restructuring Plan Impact: Manitowoc's restructuring plan is expected to deliver $10 million in annualized savings by 2026, which will help improve the company's financial health and profitability, although short-term challenges may persist.
See More
Manitowoc's MGX Equipment Services Partners with Hiab for U.S. Distribution
- Dealer Agreement Signed: Manitowoc's wholly-owned subsidiary, MGX Equipment Services, has entered into a dealer agreement with Hiab to distribute HIAB loader cranes and provide aftermarket parts and services, marking a significant step in the company's market expansion.
- Expanded Coverage Area: Under the agreement, MGX will serve customers in 13 states, including Colorado, Delaware, and Iowa, which not only enhances Manitowoc's direct customer engagement in the U.S. but also strengthens its competitive position in the market.
- Strategic Market Adjustment: By partnering with Hiab, Manitowoc can more effectively meet customer demands for high-quality lifting equipment, thereby driving sales growth and enhancing brand influence, further solidifying its position in the industry.
- Market Reaction: Manitowoc's stock price dipped slightly to $15.03 in pre-market trading; although the market remains optimistic about its Q3 recovery, investors should cautiously assess its long-term investment value.
See More
Manitowoc Completes Strategic Dealer Agreement with Hiab
- Strategic Partnership: Manitowoc's wholly-owned subsidiary MGX has completed a strategic dealer agreement with Hiab, expanding MGX's direct-to-customer footprint in the U.S. by adding distribution of HIAB loader cranes and aftermarket support, enhancing market competitiveness.
- Market Expansion: MGX will now serve Hiab customers across 13 states, including Colorado and Delaware, which will drive growth in the U.S. market through improved service capabilities and deeper customer engagement.
- Growth Potential: This agreement not only accelerates the growth of MGX and Manitowoc in the U.S. but also creates new opportunities for both companies to meet diverse customer needs with a broader range of lifting solutions.
- Enhanced Industry Influence: Hiab executives noted that the partnership with MGX significantly enhances their coverage in the U.S. market, providing premium sales and service support, indicating strong growth prospects ahead.
See More
Manitowoc: EU Initiates Investigation into Chinese Mobile Crane Imports for Anti-Dumping Practices
Investigation Initiation: The European Commission has launched an anti-dumping investigation into mobile crane imports from China, prompted by a complaint from European manufacturers represented by the VDMA Materials Handling and Intralogistics Association.
Concerns Over Competition: The investigation aims to address concerns regarding unfair competition due to low-priced Chinese cranes, which are believed to threaten over 7,000 jobs in Europe and impact the broader supply chain.
Evidence of Injury: VDMA members, including major companies like Liebherr and Manitowoc, have provided evidence of material injury caused by predatory pricing and advantages enjoyed by Chinese exporters, such as government subsidies and favorable financing.
Importance of European Cranes: European-made mobile cranes are vital for infrastructure, renewable energy, and defense projects, highlighting the industry's commitment to safety, performance, and compliance with EU standards.
See More
Manitowoc Supports EU Anti-Dumping Investigation into Chinese Mobile Cranes
- Anti-Dumping Investigation Launched: The European Commission has initiated an anti-dumping investigation into mobile cranes from China, following a complaint from leading European manufacturers, focusing on self-propelled cranes with a lifting capacity of at least 30 tons, crucial for ensuring Europe's strategic independence in infrastructure, defense, and energy sectors.
- Industry Support: Manitowoc's CEO Aaron H. Ravenscroft expressed strong support for the investigation to ensure fair competition and protect European innovation, manufacturing, and jobs, urging the European Commission to act swiftly to restore a level playing field.
- Industry Impact: The complaint involves major companies including Manitowoc, Liebherr, Sennebogen, and Tadano, which represent a significant majority of the EU mobile crane industry, highlighting the industry's keen interest in anti-dumping measures.
- Market Context: The VDMA Materials Handling and Intralogistics Association represents over 250 European companies, underscoring the mechanical and plant engineering sector's economic significance in the EU, with an estimated turnover of €870 billion and impacting around 3 million jobs.
See More
