Manitowoc reports strong Q3 2026 results

Item 2.02 Results of Operations and Financial Conditions

On November 3, 2026, The Manitowoc Company, Inc. (the "Company") issued a press release announcing its earnings for the quarter ended September 30, 2026.¹ A copy of such press release is furnished as Exhibit 99.1 and is incorporated herein by reference.²

The information in this Item 2.02, including Exhibit 99.1, is not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section.³ This information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference in such a filing.⁴

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit

No.

Description

Furnished

Herewith

99.1⁵

Press release dated November 3, 2026, regarding the financial results of The Manitowoc Company, Inc. for the three months ended September 30, 2026.⁵

X⁵

104⁵

Cover Page Interactive Data File (embedded within the Inline XBRL document).⁵

X

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE MANITOWOC COMPANY, INC.

(Registrant)

DATE: November 3, 2026

/s/ Brian P. Regan

Brian P. Regan

Executive Vice President & Chief Financial Officer

3

The Manitowoc Company Reports Strong Third-Quarter 2026 Results; Raises Full Year Guidance

Third-Quarter 2026 Highlights

• Orders of $676.4 million, up 37.6% year-over-year. Backlog of $1,110.9 million

• Net sales of $613.8 million, up 10.9% year-over-year⁷

• Net income of $11.0 million, up 120% year-over-year

• Adjusted EBITDA (1) of $47.4 million, up 39.0% year-over-year⁸

MILWAUKEE, Wis. - The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported third-quarter net income of $11.0 million, or $0.30 per diluted share.^{6 6}Third-quarter adjusted net income (1) was $11.5 million or $0.31 per diluted share.⁶

Orders in the third quarter were $676.4 million, a 37.6% increase from the prior year, resulting in backlog of $1,110.9 million at the end of the quarter.⁹

Net sales in the third quarter were $613.8 million, an increase of 10.9% from the prior year. Non-new machine sales were $174.1 million, a decrease of 1.9% year-over-year.¹⁰ Adjusted EBITDA (1) was $47.4 million, an increase of 39.0% from the prior year.

"Manitowoc's third quarter results exceeded our expectations, highlighted by robust orders, double-digit sales growth, and a significant improvement in adjusted EBITDA. Backlog expanded over the last four consecutive quarters, reflecting continued strength in crane demand, particularly in the Americas, Middle East, and Asia Pacific, providing good visibility to the fourth quarter and into 2027. I am proud of the team's continued focus on serving our customers and executing our strategic priorities," commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc.

"For the remainder of the year, our priorities remain clear: execute against our backlog, improve working-capital efficiency, and continue to grow the aftermarket business through our CRANES+50 strategy. Given our strong momentum, we have raised our guidance for adjusted EBITDA and adjusted diluted earnings per share¹³," concluded Ravenscroft.

Updated Full-Year 2026 Guidance¹¹

The Company's updated guidance for adjusted EBITDA and adjusted diluted earnings per share, and a comparison to its prior guidance, is summarized in the table below.

Updated Guidance

Prior Guidance

Net sales

No change¹⁴

$2.3 to $2.4 billion¹⁴

Adjusted EBITDA

Depreciation and amortization

No change $60 million

Interest expense

No change

$35 to $38 million

Provision for income tax expense

No change $17 to $24 million, excluding one-time expenses

Adjusted diluted earnings per share

Capital expenditures

No change $45 to $50 million, $25 million related to the rental fleet

Free cash flows¹⁴

No change

$50 to $70 million¹⁴

The Company's guidance includes adjusted EBITDA, adjusted diluted earnings per share, and free cash flows, which are non-GAAP financial measures. The Company does not provide guidance for the most directly comparable U.S. GAAP measures because it is unable to predict, with reasonable certainty and without unreasonable effort, certain amounts that are excluded from these non-GAAP measures, including, but not limited to, restructuring expenses, other non-recurring items - net and other expense - net. These items are uncertain, depend on various factors and could have a material impact on the Company's results calculated in accordance with U.S. GAAP. Accordingly, the Company has not provided reconciliations of its 2026 guidance for adjusted EBITDA, adjusted diluted earnings per share, and free cash flows to the most directly comparable U.S. GAAP measures because it would be too difficult to prepare a reliable U.S. GAAP quantitative reconciliation without unreasonable effort. The

Company also believes that providing such reconciliations would imply a degree of precision that could be confusing or misleading to investors.

The guidance set forth above constitutes forward-looking information and is subject to the risks and uncertainties described under "Forward-Looking Statements" below and in the Company's filings with the Securities and Exchange Commission.

Investor Conference Call

The Manitowoc Company will host a conference call for security analysts and institutional investors to discuss its third-quarter 2026 earnings results on Wednesday, November 4, 2026, at 10:00 a.m. ET (9:00 a.m. CT). Shareholders and prospective investors are encouraged to submit questions in advance to ion.warner@manitowoc.com. A live audio webcast of the call, along with the related presentation, will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website.

About The Manitowoc Company, Inc.

The Manitowoc Company, Inc. ("Manitowoc" or the "Company") was founded in 1902, and is headquartered in Milwaukee, Wisconsin, United States. Manitowoc, through its wholly-owned subsidiaries, provides high quality, customer-focused lifting products and services world-wide through its Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Upfits by Aspen Equipment brands and its support-focused subsidiary MGX Equipment Services. For more information, visit www.manitowoc.com.

Footnote

(1) Adjusted n