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The Manitowoc Company Inc.

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Manitowoc's full-year 2018 revenue guidance is at $1.80-$1.83 billion and adjusted EBITDA guidance is at $105-$115 million. The company continues to execute its strategy to cover cost inflation through pricing actions. The company remains focused on cost controls, reducing headcount and increasing productivity. Moreover, product innovation and order strength remain near-term tailwinds. The company has a positive record of earnings surprises in the last few quarters. However, Manitowoc’s results will also be impacted by input cost inflation due to the imposition of tariffs on steel and supply chain challenges. Further, weakness in rough terrain markets and the Middle East remain headwinds. Moreover, Manitowoc has underperformed the industry over the past year.

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