10-Q · May 6, 2026
Manitowoc's Q1 2026 10-Q report revealed a disappointing quarter, with revenues of $494.6 million and an EPS of -$0.13, falling short of consensus estimates. This marks a period of increased revenue compared to last…
Earnings analysis · 10-Q
MTW earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Manitowoc delivered a materially improved Q2 2026, with revenue of $594.9 million and diluted EPS of $0.46, both ahead of consensus and significantly above Q2 2025 levels of $540 million and $0.04, respectively. The…
Read full summary
Manitowoc delivered a materially improved Q2 2026, with revenue of $594.9 million and diluted EPS of $0.46, both ahead of consensus and significantly above Q2 2025 levels of $540 million and $0.04, respectively. The supplied filing text does not provide current gross margin, operating margin, free cash flow, segment results, or explicit numeric guidance, limiting the assessment of operating quality and forward visibility. The main incremental risk is tariff uncertainty, including a prior disclosure concerning potential tariff-calculation errors after approximately $18.0 million of Section 232 tariffs were paid over five years.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.46
What stood out
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Revenue Beat and Year-Over-Year Growth
Q2 2026 revenue was $594.9 million, up from $540 million in Q2 2025, an increase of approximately 10.2% year over year and above the $564.2 million consensus estimate.
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Strong EPS Recovery
Diluted EPS was $0.46 versus $0.04 in Q2 2025 and the $0.11 consensus estimate, indicating a substantial year-over-year earnings recovery and a $0.35 per-share beat.
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Effective Disclosure Controls
The company reported no material changes to disclosure controls during the period, and management concluded that controls were effective as of June 30, 2026.
What to watch
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Potential Tariff Liability
The company paid approximately $18.0 million of Section 232 tariffs over the five-year period from April 29, 2021 through April 29, 2026. A prior disclosure submitted on May 1, 2026 could result in incremental tariffs, refunds, credits, interest, or legal and administrative costs.
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Trade Policy and Supply-Chain Risk
Imported components and raw materials, including steel and steel derivatives, expose the business to changing U.S. trade policy. The filing identifies potential higher input costs, supply-chain disruption, pricing pressure, reduced demand, and volatility, with uncertainty around tariffs covering the period through April 29, 2026.
Management's outlook
No explicit quantitative revenue or EPS guidance was provided in the supplied 10-Q text; the filing states that market-risk disclosures were unchanged from the 2025 Form 10-K.
Earlier filings 4
10-K · February 18, 2026
Manitowoc presents a strategic shift to a customer-centric, aftermarket-driven business via its CRANES+50 strategy and The Manitowoc Way, while reporting modest top-line growth in 2025. The company launched ServiceMax…
10-K · February 21, 2025
Manitowoc’s 10-K centers strategy CRANES+50 — a push to grow non-new machine (aftermarket and rental) sales and shorten product development cycles — while reiterating long‑term aspirations including $3.0 billion in net…
10-Q · October 31, 2024
Manitowoc reported relatively flat quarter with consolidated net sales of $524.8 million, up 0.7% versus $520.9 million in Q3 2023, but gross profit fell to $87.6 million (16.7% of sales) from $96.8 million (18.6%).…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.