Manitowoc: This Has Legs To Run Much Further
Manitowoc reported rapid revenue and margin expansion in Q2, driven by surging demand from data center and European construction projects. The company posted double-digit top-line growth and an 85.9% year-over-year jump in adjusted EBITDA, with European segment revenues rising 30.7% and EBIT losses narrowing sharply.
Why it matters — MTW watchers would care because the strong revenue and margin growth, particularly from data center demand and improving European profitability, signals the company's expansion is gaining momentum.