Filing Flows › Manitowoc (MTW) › Q3 2026
Manitowoc (MTW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Manitowoc (MTW) reported revenue of $614M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +3% from the quarter before. Operating margin was 5.2%, net earnings $11.0M (1.8% of revenue).
Manitowoc, Q3 2026: revenue $614M (+11% year over year), operating margin 5.2%, net earnings $11.0M, operating cash flow −$33.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $614M | +3% | +11% |
| Gross profit | $122M | -1% | +19% |
| Operating profit | $31.8M | +2% | +72% |
| Net earnings | $11.0M | -23% | +120% |
| Operating cash flow | −$33.2M | -515% | — |
What changed
Revenue was $613.8M in Q3 2026, up 11% year over year and up 3% from the previous quarter. New Machine Sales was the largest line at 72% of revenue. New Machine Sales added $63.7M year over year (up 17%), 105% of the total change. Non New Machine Sales declined 2%.
Gross margin was 19.8%, up 1.3 points from Q3 2025. Operating profit was $31.8M, a 5.2% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 22% reached operating profit, above the 3% margin then. Operating expenses grew 7% against revenue growth of 11%. Net earnings were $11.0M, up 120% year over year. The effective tax rate was 41.5%.
Operating cash flow was −$33.2M. Non-cash charges added back $14.8M of depreciation and amortization and $500K of share-based compensation. Working capital and other items used $59.5M. Capital expenditures of $8.9M exceeded it, leaving free cash flow of −$42.1M.
Questions
What was Manitowoc's revenue in the third quarter 2026?
Manitowoc (MTW) reported revenue of $614M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +3% from the quarter before.
Was Manitowoc profitable in the third quarter 2026?
Operating profit was $31.8M (5.2% of revenue) and net earnings $11.0M.
Source: Manitowoc 10-Q on SEC EDGAR.