Manitowoc Raises 2026 Profit Guidance Again

Manitowoc lifted its full-year 2026 adjusted EBITDA guidance to $160 million-$175 million, up from the prior $150 million-$170 million range, according to its third-quarter earnings release. Orders at the crane maker jumped 37.6% year-over-year to $676.4 million, pushing backlog to $1.1 billion. The upgrade marks the second straight quarter Manitowoc ($MTW) has raised its own forecast, a rare signal of strength in heavy machinery while most industrial peers still guide cautiously into 2027.