Manitowoc stock slides as net sales decline
The company's net sales decline 4% YoY in Q2
The Manitowoc Co.‘s stock declined today following the company’s earnings release due to a year-over-year decline in net sales and expectations of the company landing at the low end of its guidance due to tariff concerns.
Manitowoc reported second-quarter 2025 net income of $1.5 million, or 4 cents per diluted share, on net sales of $539.5 million, down 4% from a year earlier, according to Manitowoc’s August 7 earnings release. Orders rose 6% year over year to $453.9 million, lifting backlog to $729.3 million, while non-new machine sales climbed 9.7% to $161.6 million. Adjusted EBITDA fell 26.9% to $26.3 million.
The company said order growth was driven by its MGX distribution business and continued strength in the European tower crane market, though U.S. demand faces near-term headwinds from tariffs, according to the release. Manitowoc adjusted build schedules for the second half and expects to finish the year at the low end of its guidance.
Management pointed to improving conditions in Europe, active markets in the Middle East, early signs of recovery in Asia Pacific, and steady U.S. rental activity with contracting dealer inventories as positive indicators for the crane industry once trade conditions stabilize, according to the release. Fellow material handling OEM Terex also saw its share price decline following its earnings release, as the material handling sector navigates global tariffs.
MARKET REACTION: Shares of The Manitowoc Company, Inc. (NYSE: MTW) were down 16.47% from market open to $10.45 as of market close today. Manitowoc has a market capitalization of $441.98 million.
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