Manitowoc's fiscal year 2025 performance remains steady, with accelerated transformation in the after-sales market

K-LinePoet · 2026-02-19T03:24:20+00:00

Economics Observer Network Manitouvoak Fiscal Year 2025 Q4 Revenue is $677 million, a 22.5% increase quarter-over-quarter and a 13.61% increase year-over-year; full-year revenue reached $2.241 billion, a 2.89% increase year-over-year. Q4 gross profit margin was 16.61%, with a net profit of $7 million; full-year gross profit margin increased to 17.92%. Q4 operating cash flow reached $91.1 million.Performance and Operating SituationSteady Revenue Growth: For Fiscal Year 2025 Q4, as of December 31, 2025, revenue was $677 million, a 22.5% increase quarter-over-quarter and a 13.61% increase year-over-year; full-year revenue reached $2.241 billion, a 2.89% increase year-over-year. Improved Profitability: Q4 gross profit margin was 16.61%, operating profit was $23 million, and net profit was $7 million.

K-LinePoet

2026-02-19 03:24:20

China Business Network Manitou Walker Fiscal Year 2025 Q4 Revenue reaches $677 million, up 22.5% quarter-over-quarter and 13.61% year-over-year; full-year revenue totals $2.241 billion, up 2.89% year-over-year. Q4 gross profit margin is 16.61%, with a net profit of $7 million; full-year gross profit margin increases to 17.92%. Q4 operating cash flow from operating activities is $91.1 million.

Performance and Operating Conditions

Steady revenue growth: For Q4 FY2025 (ended December 31, 2025), revenue is $677 million, up 22.5% quarter-over-quarter and 13.61% year-over-year; full-year revenue reaches $2.241 billion, up 2.89% year-over-year. Improved profitability: Q4 gross profit margin is 16.61%, operating profit is $23 million, net profit is $7 million (basic EPS $0.20); full-year gross profit margin rises to 17.92%, operating profit is $58.7 million. Strong cash flow performance: Q4 operating cash flow is $91.1 million, free cash flow is $91.2 million; full-year operating cash flow is $22.2 million, but free cash flow is negative $15.3 million (mainly due to increased capital expenditures).

Strategic Advancement

Aftermarket transformation acceleration: Revenue from non-new machine sales (aftermarket) accounts for 28.88%, aiming to increase from the current $650 million to $1 billion; gross margin for this segment reaches 35%, significantly higher than traditional new machine sales. Regional market recovery: European tower crane business improves with residential and infrastructure demand rebound; US market benefits from data center and power infrastructure growth; Middle East driven by projects like Saudi Arabia’s Vision 2030. Cost optimization and leverage control: The company continues to improve costs through the “Manitou Walker Way,” aiming to reduce leverage from 4x to 3x, with priority on optimizing debt structure.

Business and Technology Development

Hybrid technology deployment: The company invests in hybrid crane technology, with models favored in European and Australian markets, though pure electric models are not yet widespread due to counterweight technology challenges. Management strategic focus: CEO Aaron Ravenscroft emphasized at the 2025 performance meeting that the company is shifting from a product-oriented approach to a customer-centric aftermarket service provider, with acquisitions (such as H&E Crane and Aspen Equipment) contributing over $35 million in EBITDA.

The above content is compiled from public information and does not constitute investment advice.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.