Filing Flows › Manitowoc (MTW) › Q2 2025
Manitowoc (MTW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Manitowoc (MTW) reported revenue of $540M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +15% from the quarter before. Operating margin was 1.8%, net earnings $1.5M (0.3% of revenue).
Manitowoc, Q2 2025: revenue $540M (-4% year over year), operating margin 1.8%, net earnings $1.5M, operating cash flow −$67.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $540M | +15% | -4% |
| Gross profit | $99.0M | +10% | -0.7% |
| Operating profit | $9.8M | +85% | -24% |
| Net earnings | $1.5M | — | -6% |
| Operating cash flow | −$67.7M | -625% | — |
What changed
Revenue was $539.5M in Q2 2025, down 4% year over year and up 15% from the previous quarter. New Machine Sales was the largest line at 70% of revenue. New Machine Sales lost $36.9M year over year (down 9%), 163% of the total change.
Gross margin was 18.4%, up 0.6 points from a year earlier. Operating profit was $9.8M, a 1.8% margin (down 0.5 points year over year). Operating expenses grew 3% against a revenue fall of 4%. Net earnings were $1.5M, down 6% year over year. The effective tax rate was -15.4%.
Operating cash flow was −$67.7M. Non-cash charges added back $14.6M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $87.0M. Capital expenditures of $6.0M exceeded it, leaving free cash flow of −$73.7M.
Questions
What was Manitowoc's revenue in the second quarter 2025?
Manitowoc (MTW) reported revenue of $540M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +15% from the quarter before.
Was Manitowoc profitable in the second quarter 2025?
Operating profit was $9.8M (1.8% of revenue) and net earnings $1.5M.
Source: Manitowoc 10-Q on SEC EDGAR.