MTW earnings / call / takeaways

MTW Q3 FY26 earnings call: key takeaways

What MTW said on its earnings call of November 4, 2026: results against expectations, what changed since last quarter, guidance and the questions analysts pressed on.

By Lician·November 4, 2026·AI-generated from the call transcript and Lician data

Revenue grew 11% to $614 million, led by North America and European tower cranes. (14:11)
Outlook: full-year adjusted EBITDA between $160 million and $175 million (17:29)

Results vs expectations

Metric	Consensus	Reported	Result
EPS	$0.20	–	–
Revenue	$577.1M	–	–

EPS basis: Provider EPS (EODHD), not yet checked against the SEC

What changed since last quarter

The company raised its adjusted EBITDA guidance for 2026 to between $160 million and $175 million. (17:29)
The company expects to generate approximately $90 million in free cash flow in the fourth quarter to meet its full-year guidance. (17:29)
The company highlighted the growth of non-new machine sales as a key strategic focus, with a 5% increase on a trailing 12-month basis. (15:49)

Guidance

Metric	This call	Previous call
EBITDA	Full-year adjusted EBITDA between $160 million and $175 million. (17:29)	not captured
Other	Adjusted DEPs between $0.90 and $1.25 per share. (17:29)	not captured
Free cash flow	Free cash flow target of $90 million in Q4 to hit full-year midpoint. (17:29)	not captured

What analysts pressed on

How will the Strait of Hormuz situation impact orders in the Middle East? (23:50)
What is the outlook for aftermarket sales given the flat performance in the third quarter? (25:29)
How will the company use its strong balance sheet to pursue acquisitions? (25:29)

In their words

The Manitowoc team has endured a lot over the last few years, and I'd like to recognize their sheer will to not just persevere, but to excel. Aaron (4:09)
Our customers only make money when their cranes are at work. (5:30)
We expect this project to continue into early 2028. (7:09)
The best is yet to come. (22:30)

Read the full transcript with the AI summary, or listen on the company's official webcast.

Every past call in full and transcript search come with Lician Pro.

Written by AI from the automatic transcript of the company's public webcast and Lician's earnings data. Each sentence cites the passage it comes from, and a sentence with a figure that is not in its sources was removed. Not investment advice.