Demand UncertaintyA 33% year-over-year decline in new orders and lower backlog suggests a near-term inflection in crane cycle is not imminent, indicating demand for new cranes remains uncertain.
Guidance Below ExpectationsEBITDA midpoint for fiscal year 2024 is below consensus, pointing to a margin decline despite higher revenues.
Profitability ConcernsA negative new sales mix is expected to weigh on fiscal year 2024 margin, reflecting a potential decrease in profitability.