Manitowoc Q2 Earnings Miss Estimates, Revenues Decline 4% Y/Y

Core Insights - Manitowoc Company, Inc. (MTW) reported adjusted earnings per share (EPS) of 8 cents for Q2 2025, missing the Zacks Consensus Estimate of 20 cents and down from 25 cents in the same quarter last year [1][7] - Revenues decreased by 4% year over year to $540 million, falling short of the Zacks Consensus Estimate of $570 million [1][7] - Orders increased by 6% year over year to $454 million, with a backlog of $729 million at the end of the quarter [2] Financial Performance - Cost of sales decreased by 4.7% year over year to $440.5 million, while gross profit fell by 0.7% to $99 million [3] - Gross margin improved to 18.4% from 17.7% in the prior-year quarter [3][7] - Adjusted operating income was $10.8 million, down from $20.6 million in the prior-year quarter, and adjusted EBITDA was $26 million compared to $36 million last year [4] Cash Flow and Debt - Cash and cash equivalents were reported at $33 million, down from $48 million at the end of 2024 [5] - Long-term debt increased to $460 million from $377 million at the end of 2024 [5] - The company used $68 million in cash for operating activities in Q2 2025, contrasting with a cash inflow of $11 million in the same quarter last year [5] Stock Performance - Over the past year, MTW shares have gained 12.3%, while the industry has grown by 24.1% [6]