The Manitowoc Company, Inc. MTW reported adjusted earnings per share (EPS) of 8 cents in second-quarter 2025, missing the Zacks Consensus Estimate of 20 cents. The company reported an EPS of 25 cents in the year-ago quarter. Including one-time items, the company reported an EPS of 4 cents in the quarter, flat year over year. Manitowoc’s revenues moved down 4% year over year to $540 million in the quarter under review, missing the Zacks Consensus Estimate of $570 million. Orders in the reported quarter increased 6% year over year to $454 million. The backlog at the end of the quarter was $729 million. MTW’s Q2 Gross Margin Rises Y/Y: Cost of sales moved down 4.7% year over year to $440.5 million in the reported quarter. The gross profit was down 0.7% year over year to $99 million. The gross margin was 18.4% in the reported quarter compared with 17.7% in the prior-year quarter. Engineering, selling and administrative expenses increased 4.4% year over year to $87 million. Total operating costs and expenses were $89 million in the quarter compared with the $87 million reported last year. Adjusted operating income was $10.8 million in the quarter, down from $20.6 million in the prior-year quarter. Adjusted EBITDA in the reported quarter was $26 million compared with $36 million in the prior-year quarter. The adjusted EBITDA margin fell to 4.9% from the year-ago quarter’s 6.4%. Manitowoc reported cash and cash equivalents of $33 million at the end of the second quarter of 2025, down from $48 million at 2024 end. The long-term debt was $460 million at the end of the quarter under review, up from $377 million at the 2024 end. The company used $68 million of cash in operating activities in the second quarter of 2025 against a cash inflow of $11 million in the last-year quarter. In the past year, MTW shares have gained 12.3% compared with the industry’s growth of 24.1%. Manitowoc currently carries a Zacks Rank #4 (Sell). Terex Corporation TEX posted adjusted earnings of $1.49 per share for the second quarter of 2025, marking a 31% year-over-year decline. However, the figure beat the Zacks Consensus Estimate of $1.44. Terex’s revenues for the quarter totaled $1.487 billion, up 7.6% from the year-ago period and exceeding the Zacks Consensus Estimate of $1.455 billion. Terex expects revenues of $5.3–$5.5 billion in 2025, and earnings per share between $4.70 and $5.10. Komatsu KMTUY reported adjusted earnings per share of 69 cents, an 8% year-over-year decline. Komatsu reported revenues of $6.3 billion, 2.3% higher than the year-ago quarter. Komatsu expects 2025 sales of $27.7 billion, whereas it reported $26.95 billion in 2024. Caterpillar Inc. CAT registered adjusted earnings per share of $4.72 for the second quarter of 2025, which missed the Zacks Consensus Estimate of $4.88 by 3.3%. The bottom-line figure was down 21% year over year due to lower revenues and elevated costs owing to tariffs. Caterpillar reported revenues of $16.57 billion, which beat the Zacks Consensus Estimate of $16.35 billion by a margin of 1.3%. The top line dipped 1% year over year as unfavorable price realization of $414 million offset higher sales volume of $237 million. Higher sales volume was mainly driven by increased sales of equipment to end users.

Manitowoc Q2 Earnings Miss Estimates, Revenues Decline 4% Y/Y

The Manitowoc Company reported adjusted earnings per share of 8 cents in Q2 2025, missing the Zacks estimate of 20 cents, with revenues declining 4% year over year to $540 million. Orders increased 6% year over year to $454 million, and backlog stood at $729 million. Gross margin improved to 18.4% from 17.7% year over year, but adjusted operating income and EBITDA declined. The company used $68 million in cash during the quarter, and long-term debt rose to $460 million. Terex posted adjusted earnings of $1.49 per share, a 31% year-over-year decline but above the estimate of $1.44, with revenues up 7.6% to $1.487 billion. Komatsu reported adjusted EPS of 69 cents, down 8% year over year, with revenues up 2.3% to $6.3 billion. Caterpillar reported adjusted EPS of $4.72, missing the estimate of $4.88 by 3.3%, with revenues of $16.57 billion, up 1% year over year despite lower price realization due to tariffs.