The Manitowoc 2025 Q2 Earnings Misses Targets as Net Income Declines 6.3%

The Manitowoc (MTW) reported its fiscal 2025 Q2 earnings on Aug 07, 2025. The results reflect a challenging operating environment driven by ongoing trade uncertainties and market adjustment delays. The company's performance missed expectations, with both revenue and net income declining. It has also revised its 2025 guidance to the lower end of its previously issued range.

The Manitowoc reported a 4.0% year-over-year drop in total revenue to $539.50 million in 2025 Q2, compared to $562.10 million in the same period a year earlier. The decline in revenue was driven by broader market adjustment delays and trade-related uncertainties, particularly in the U.S. crane market.

Earnings per share (EPS) fell 20.0% year-over-year to $0.04 in 2025 Q2, down from $0.05 in 2024 Q2. Meanwhile, the company’s net income decreased to $1.50 million in Q2 2025, a 6.3% decline from the $1.60 million net income recorded in the prior-year period. The combination of these factors indicates a difficult earnings environment for the company.

Following the earnings report, Manitowoc shares have underperformed the broader market. A 30-day post-earnings buy-and-hold strategy produced a compound annual growth rate (CAGR) of 10.18%, underperforming the benchmark by 37.25%. The strategy exhibited minimal downside risk, with a maximum drawdown of 0.00% and a Sharpe ratio of 0.31, but lacked strong upside potential. The stock price of The Manitowoc has edged down 0.87% during the latest trading day, 1.88% for the week, and 3.99% month-to-date.

Aaron H. Ravenscroft, President and CEO, noted a 6% year-over-year increase in orders, driven by robust performance in the MGX distribution business and European tower crane markets. However, ongoing tariff challenges and a projected six-month stabilization period for U.S. crane markets remain key headwinds. Ravenscroft expressed cautious optimism about the long-term outlook, citing positive developments in Europe, the Middle East, and the Asia Pacific regions, as well as growing demand in the U.S. rental and dealer markets.

The company has adjusted its 2025 outlook to the lower end of its guidance range due to continued trade uncertainty and market adjustments. It expects the “Great Trade Reset” to continue through 2025, with stabilization in U.S. crane markets expected in the second half of the year. Improved conditions in Europe, the Middle East, and the Asia Pacific region, along with strong demand in U.S. crane rentals and reduced dealer inventory, are seen as positive indicators for the industry.

Additional News
Among the top non-earnings related news items within the three weeks leading up to Manitowoc’s earnings report, the most-discussed stories included Nigerian political developments, global geopolitical tensions, and environmental and economic initiatives. The Nigerian government announced the release of N1.3 billion to convert an orphanage into a drug reformatory institute in Kano State. Additionally, political tensions emerged as the Peoples Democratic Party (PDP) warned against members endorsing President Tinubu for re-election, calling the actions anti-party. On a global scale, Germany announced a suspension of arms exports to Israel over concerns regarding its Gaza control plan. In the U.S., gold futures hit a record high as tariffs were imposed on certain bullion bars, reflecting global economic uncertainty.