Manitowoc's Q1: Strong Results Amid Market Headwinds

Manitowoc Company kicked off the year with solid first quarter results, despite market headwinds. Orders hit $646 million, almost flat from last year but backed by a strong $940 million backlog. Theyre sticking to their full-year guidance of $2.25 to $2.35 billion in sales and $125 to $150 million in adjusted EBITDA. The company highlighted their Cranes plus fifty strategy, pushing non-new machine sales up 3% in the quarter and 8% over twelve months to a record $696 million. Theyre expanding service locations and boosting field techs to 567, streamlining repairs with tech like ServiceMax. Customers and teams are buzzing over innovations, from ditching hammers at plants to cut safety risks and fresh products like an 80-ton boom truck and 800-ton crane. Financials stayed on track, with sales at $495 million flat on a currency-neutral basis and adjusted EBITDA at $20 million, hit lightly by tariffs. Free cash flow improved to $19 million, liquidity sits at $316 million, and S&P bumped their rating to B plus. April orders look strong at $225 to $250 million. Regions like Europe, Asia-Pacific, and the US show rebound signs, setting Manitowoc up strong for the crane cycles next rise. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/01924b3311677835