Manitowoc Company (MTW) Revenue by Segment

Breaks sales down across the company’s businesses so you can see which segments drive growth and which are lagging. For Manitowoc, this highlights exposure to cyclical new‑equipment markets versus steadier service and parts revenue, helping assess diversification, sensitivity to economic swings, and where future margins and cash flow will come from.

Manitowoc’s segment mix shows pronounced Q4 shipment spikes and predictable Q1 pullbacks; the strong Q4 2025 across Americas, Europe/Africa and MEAP lifted trailing revenue, but the March 2026 quarter retraced — a seasonal timing effect rather than demand collapse. Management’s stronger backlog and robust April orders, plus record TTM aftermarket sales and expanded field service capacity, signal underlying demand resilience and more recurring revenue, yet tariff costs, used-equipment weakness and inventory build remain near-term margin and cash‑flow risks that could blunt upside despite reaffirmed full‑year guidance.