The Manitowoc Company, Inc. (MTW) SEC Filings & Earnings Calls

Tariff refunds included in guidance; inflation/tariff risks remain.

“Adjusted EBITDA includes $16 million net benefit from tariff refunds”

Tariff and trade policy uncertainty

“Our business is subject to risks related to tariffs and trade policies, and changes in the interpretation, administration, or enforcement of such measures could materially adversely affect us.” · word for word

Customs prior disclosure exposure

“On May 1, 2026, the Company voluntarily submitted a prior disclosure to U.S. Customs and Border Protection related to potential errors in the methodology used to calculate tariffs on the Company’s imports of steel and steel derivative products between April 29, 2021 and April 29, 2026.” · word for word

Americas segment weakness

“Americas segment net sales decreased 6.6% for the three months ended June 30, 2026 to $301.9 million from $323.2 million for the same period in 2025.” · word for word

Macroeconomic risks including inflation, elevated interest rates, and tariffs.

“Forward-looking statements reference macroeconomic conditions, including inflation, elevated interest rates, and tariffs.”

Tariff Exposure and Potential Penalties

“The Company has paid approximately $18.0 million of Section 232 tariffs... submitted a tariff recovery claim... seeking a refund of tariffs paid pursuant to IEEPA... estimates it paid approximately $25.0 million in IEEPA-related tariffs.” · word for word

Geopolitical Risk in MEAP

“MEAP segment net sales decreased 10.9%... due to lower shipments into the Middle East as a result of the Iran war.” · word for word

Americas Margin Pressure

“Americas segment operating income decreased $5.5 million... primarily attributable to unfavorable product mix and incremental tariff costs.” · word for word

Adjusted EBITDA declined 9.7% YoY despite revenue growth, indicating margin pressure from cost inflation or mix.

“Adjusted EBITDA was $19.6 million, a decrease of 9.7% from the prior year.”

Macroeconomic risks including tariffs, supply chain constraints, and elevated interest rates could impact future performance.

“Forward-looking statements cite macroeconomic conditions, inflation, elevated interest rates, and tariffs.”

Management restructuring risk; potential for operational changes.

“Role expansion without further details.”

Loss of senior HR executive; but orderly transition mitigates risk.

“Transition period and separation agreement in place.”

Tariff Input Cost Pressure

“The U.S. government imposed 50% tariffs on new steel and aluminum derivative products which include certain of our crane components and models.” · word for word

Cyclical Demand Sensitivity

“Historically, sales of products that we manufacture and sell have been subject to cyclical variations caused by changes in general economic conditions and other factors.” · word for word

Leverage Risk

“As of December 31, 2025, our total consolidated debt was $460.8 million compared to $390.2 million as of December 31, 2024.” · word for word

Raw Material Cost Volatility

“We use large amounts of steel, among other items, in the manufacture of our products. Occasionally, market prices of some of our key raw materials increase significantly, including as a result of tariffs, other trade barriers, macroeconomic conditions, or geopolitical events, resulting in increases in the cost of our products or shortages.” · word for word

International Operations Risk

“For the years ended December 31, 2025, 2024, and 2023, approximately 49%, 51%, and 53%, respectively, of our net sales were attributable to products sold outside of the United States.” · word for word

Cyclical demand recovery may not materialize as expected; aging fleet replacement could be delayed.

“Crane demand is poised for recovery from multi-year secular and cyclical tailwinds” · word for word

Inflation and tariff pressures could impact costs and margins.

“Inflation / Tariffs” · word for word

Macroeconomic conditions including inflation, elevated interest rates, and tariffs could impact backlog conversion and financial results.

“macroeconomic conditions, including inflation, elevated interest rates, and tariffs as well as prior supply chain, labor and logistics constraints, have had, and may continue to have, a negative impact on Manitowoc’s ability to convert backlog into revenue” · word for word

Geopolitical events and trade policy uncertainty pose risks to operations.

“geopolitical events, including the ongoing conflicts in Ukraine and in the Middle East, tariffs, other political and economic conditions and risks” · word for word

Tariff and Trade Policy Risk

“The U.S. government imposed 50% tariffs on new steel and aluminum derivative products which include certain of the Company's crane models. ... Approximately 50% of the Company’s total net sales are generated in the United States.” · word for word

Geopolitical and Macroeconomic Risk

“Geopolitical events, including the ongoing conflicts in Ukraine and in the Middle East, tariffs, other political and economic conditions and risks and other geographic factors, have had and may continue to lead to market disruptions.” · word for word

Liquidity and Cash Flow Risk

“Net cash used for operating activities $ (68.9 ) million for the nine months ended September 30, 2025 ... primarily driven by a $43.2 million payment to settle a legal matter with the EPA.” · word for word

Tariff pressures in Americas crane demand; macroeconomic risks including inflation and interest rates.

“Softness in crane demand in the Americas caused by ongoing U.S. tariff pressures; macroeconomic conditions including inflation, elevated interest rates, and tariffs.” · word for word