---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-039107"
form_type: "8-K"
ticker: "MTW"
cik: "0000061986"
company_name: "MANITOWOC CO INC"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:08:38.936121+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Manitowoc Q2 revenue up 21% to $603M; raises FY2023 adjusted EBITDA guidance to $150-180M

## Summary
- Net sales $602.8M (+21.2% YoY); adjusted EBITDA $60.4M (10.0% margin), up 65.9% YoY.
- Net income $20.2M ($0.57 diluted EPS); adjusted net income $26.6M ($0.75 diluted EPS).
- Orders $550.5M (+26.8% YoY); backlog $1,024.6M at June 30, 2023.
- Non-new machine sales $150.4M, up 8.1% YoY, contributing to CRANES+50 strategy.
- Raised FY2023 guidance: net sales $2.1-2.2B; adj. EBITDA $150-180M; adj. diluted EPS $1.10-1.70.

## SEC filing metadata
- accession: 0000950170-23-039107
- form_type: 8-K
- ticker: MTW
- cik: 0000061986
- company_name: MANITOWOC CO INC
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61986/000095017023039107/0000950170-23-039107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61986/000095017023039107/mtw-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-039107
- JSON: https://secwatch.observer/filing/0000950170-23-039107.json
- Plain text: https://secwatch.observer/filing/0000950170-23-039107.txt

## Key facts
- Earnings Releases
  MANITOWOC CO INC reported Full Year 2023 results: revenue $2.1 billion to $2.2 billion, EPS $1.10 to $1.70. Guidance raised.
  - Period: Full Year 2023
  - Revenue: $2.1 billion to $2.2 billion
  - EPS: $1.10 to $1.70
  - Guidance: raised
  - Result: guidance update
  source text: Updated Full-Year 2023 Guidance: • Net sales - $2.1 billion to $2.2 billion • Adjusted EBITDA - $150 million to $180 million • Depreciation and amortization - $58 million to $62 million • Interest expense - $33 million to $35 million • Provision for income taxes, excluding discrete items - $16 million to $20 million • Adjusted diluted earnings per share - $1.10 to $1.70
  evidence_url: https://www.sec.gov/Archives/edgar/data/61986/000095017023039107/0000950170-23-039107-index.htm
- Earnings Releases
  MANITOWOC CO INC reported Second Quarter 2023 results: revenue $602.8 million, net income $20.2 million, EPS $0.57 per diluted share.
  - Period: Second Quarter 2023
  - Revenue: $602.8 million
  - Net income: $20.2 million
  - EPS: $0.57 per diluted share
  - Result: reported results
  source text: MILWAUKEE, Wis. - The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $20.2 million, or $0.57 per diluted share. Second-quarter adjusted net income (1) was $26.6 million, or $0.75 per diluted share. Net sales increased 21.2% year-over-year to $602.8 million and were favorably impacted by $3.1 million from changes in foreign currency exchange rates. Adjusted EBITDA (1) was $60.4 million, an increase of $24.0 million or 65.9% from the prior year. Orders were $550.5 million, a 26.8% increase from the prior year. Orders were favorably impacted by $4.0 million from changes in foreign currency exchange rates. Backlog decreased $51.1 million to $1,024.6 million as of June 30, 2023 from $1,075.7 million as of March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61986/000095017023039107/0000950170-23-039107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.