Manitowoc(US:MTW)2025-11-06 13:00Financial Performance - Net sales for the third quarter of 2025 were $553 million[14] - Non-new machine sales reached $177 million, up 5% year-over-year[14] - Adjusted EBITDA for the third quarter of 2025 was $34 million, representing a 6.2% adjusted EBITDA margin, up 120 bps year-over-year[14] - The company achieved a new trailing twelve-month (TTM) non-new machine sales record of $667 million[15] - Net income for the third quarter of 2025 was $5 million, compared to a loss of $7 million in the same period of 2024[54] - Adjusted EBITDA for the third quarter of 2025 was $34.1 million, compared to $26.2 million in the same period of 2024[56] Market Conditions and Strategy - The overall market environment is positive, but tariffs are creating near-term uncertainty in the U S[22, 23] - The company is focused on driving net leverage under 30x[29] - The company is driving value creation by servicing customers through initiatives like the CRANES+50 program[39] - The company is also driving value creation with new aftermarket products[49]