Filing Flows › Manitowoc (MTW) › Q1 2026
Manitowoc (MTW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Manitowoc (MTW) reported revenue of $495M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -27% from the quarter before. Operating margin was 0.6%, net loss $6.0M (1.2% of revenue).
Manitowoc, Q1 2026: revenue $495M (+5% year over year), operating margin 0.6%, net loss $6.0M, operating cash flow $27.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $495M | -27% | +5% |
| Operating profit | $3.1M | -85% | -42% |
| Net earnings | −$6.0M | -186% | — |
| Operating cash flow | $27.4M | -70% | +112% |
| Free cash flow | $19.2M | — | +814% |
What changed
Revenue was $494.6M in Q1 2026, up 5% year over year and down 27% from the previous quarter. New Machine Sales was the largest line at 66% of revenue. New Machine Sales added $18.6M year over year (up 6%), 78% of the total change.
Gross margin was 19.3%, up 0.2 points from Q1 2025. Operating profit was $3.1M, a 0.6% margin (down 0.5 points year over year). Operating profit fell $2.2M even though revenue rose $23.7M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 5%. The quarter ended with a net loss of $6.0M, after a profit of $7.0M the previous quarter. Net interest and other expense of $12.4M was the main reason.
Operating cash flow was $27.4M (up 112% year over year). Non-cash charges added back $15.0M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $15.6M. After capital expenditures ($8.2M), free cash flows as the company reports it was $19.2M.
Questions
What was Manitowoc's revenue in the first quarter 2026?
Manitowoc (MTW) reported revenue of $495M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -27% from the quarter before.
Was Manitowoc profitable in the first quarter 2026?
Operating profit was $3.1M (0.6% of revenue) and net loss $6.0M.
Source: Manitowoc 10-Q on SEC EDGAR.