Home / Business and Economy / Manitowoc Shares Plunge 16.9% Despite Profit Beat
Manitowoc Shares Plunge 16.9% Despite Profit Beat
8 Aug
Summary
- Manitowoc's Q2 2025 earnings beat expectations, but revenue missed
- Order backlog declined 12.8% year-over-year
- Adjusted EBITDA missed estimates by over 30%
On August 8th, 2025, shares of crane and lifting equipment company Manitowoc (NYSE:MTW) plunged 16.9% in the morning trading session following the release of its second-quarter 2025 earnings report. While the company's adjusted earnings per share of $2.80 crushed analyst expectations, its revenue told a different story.
Manitowoc's net sales fell 4% year-over-year to $539.5 million, missing consensus estimates. Investors were also concerned by other signs of weakness, including a 12.8% year-over-year decline in the company's order backlog to $729.3 million. Furthermore, adjusted EBITDA missed estimates by over 30%, and free cash flow worsened significantly to a loss of $73.7 million.
These results suggested that despite the strong bottom-line number, Manitowoc is facing headwinds from slowing demand and operational challenges. The company remained focused on growing its non-new machine sales and expanding its aftermarket business, but the backlog weakness raised concerns about future growth momentum. Overall, it was a mixed quarter for the crane manufacturer, with some areas of strength but also notable blemishes.
