Manitowoc Company Inc. (MNGN)
XDUS 
Summary
MNGN Chart
Manitowoc Targets $1B Aftermarket Business as Crane Demand Builds
Manitowoc NYSE: MTW is continuing to shift its business toward aftermarket products, service and lifting solutions as it seeks to reduce its exposure to the historically volatile new-crane cycle, CEO and President Aaron Ravenscroft said during a company presentation.
Manitowoc Q2 Earnings Call Highlights
Manitowoc NYSE: MTW reported higher second-quarter sales, orders and adjusted EBITDA, citing strong crane demand, improved operating execution and a net benefit from tariff-related items. The company raised its full-year outlook for sales, adjusted EBITDA, earnings per share and free cash flow.
The Manitowoc Company, Inc. (MTW) Q2 2026 Earnings Call Transcript
The Manitowoc Company, Inc. (MTW) Q2 2026 Earnings Call Transcript
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Manitowoc Company Inc. Profile
| Machinery Industry | Industrials Sector | Aaron H. Ravenscroft CEO | XDUS Exchange | US5635714059 ISIN |
| US Country | 4,700 Employees | 20 Nov 2017 Last Dividend | 4 Mar 2016 Last Split | 26 Mar 1990 IPO Date |
Overview
The Manitowoc Company, Inc., established in 1902 and headquartered in Milwaukee, Wisconsin, plays a crucial role in the engineered lifting solutions market globally. Operating across the Americas, Europe, Africa, the Middle East, and the Asia Pacific, the company boasts a rich heritage of innovation and quality in the design, manufacture, and distribution of various crane types. These include crawler-mounted lattice-boom cranes, mobile hydraulic cranes, and tower cranes, catering primarily to the energy, petrochemical, industrial, and construction sectors. Manitowoc's dedication to serving a wide range of customers — from dealers and rental companies to contractors and government entities — underscores its position as a leader in the lifting industry.
Products and Services
- Crawler-mounted lattice-boom cranes: Sold under the Manitowoc brand, these cranes are renowned for their durability and extensive reach, making them a staple in energy production and heavy construction projects.
- Top-slewing and self-erecting tower cranes: Marketed under the Potain brand, these cranes are pivotal in the construction of high-rise buildings, offering exceptional height and lifting capacity capabilities.
- Mobile hydraulic cranes: Available under the Grove, Shuttlelift, and National Crane brands, these versatile cranes are designed for a wide variety of lifting tasks in both industrial and commercial construction settings.
- Hydraulic boom trucks: Operating under the National Crane brand, these trucks provide flexible and efficient lifting solutions, particularly in projects that require quick setup and teardown times.
- Aftermarket services: Not limited to just crane sales, Manitowoc offers an extensive array of services including the sale of parts and accessories, routine maintenance, technical support, crane and component remanufacturing, erection, decommissioning services, training, and innovative telematics services. These services ensure the longevity and optimal performance of Manitowoc's products throughout their lifecycle.
