Daniel Jones Investing Group Leader

Summary

The Manitowoc Company remains a buy, with shares still trading at a discount despite a 48.5% rally since late June.

MTW delivered strong Q2 results: revenue up 10.3% year-over-year, EBITDA nearly doubled, and backlog surged 44% to $1.05 billion.

Management raised 2026 guidance, now expecting $2.3–$2.4 billion in revenue and $150–$170 million in EBITDA, excluding $16 million in tariff refunds.

Long-term targets imply annualized upside of 18.3%–31.6%, with MTW still the cheapest among peers on EV/EBITDA and price-to-cash-flow metrics.

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Things have been going really good for shareholders of The Manitowoc Company (MTW) as of late. Back in late June of this year, I reaffirmed the business as a 'buy' candidate.…