The Manitowoc Company, Inc. Q1 FY2026 earnings call

• Europe is on the rebound, with towers rebounding more aggressively than mobiles and need for residential housing and power generation.
• Middle East is optimistic to get back on track despite regional conflict.
• Asia's strongest markets are performing well even with weaker currencies.
• In LATAM, copper above $6 per pound and new governments likely to drive investments in brownfield and greenfield mining projects.
• In U.S., despite increasing fleet ages, customers making purchases, data centers expanding, and need for power generation and transmission infrastructure.
• Success of Cranes Plus 50 strategy helps weather economic cycle and positions for higher margin profile long term.

Not explicitly detailed with specific product segment absolute financials and revenue contribution % in the provided text

• First quarter results didn't change full year expectations.
• Affirming previously issued guidance of net sales of $2.25 billion to $2.35 billion and adjusted EBITDA of $125 million to $150 million.

• Uncertainty regarding Section 301 country by country tariffs and their effect.
• IEPA refund process with $25 million paid and waiting for outcome.
• Voluntary submission to customs regarding potential errors in calculating 232 steel and steel derivative tariffs, having paid approximately $18 million prior to April change in 232 tariffs.

Q: Question on changing tariff dynamics, bifurcating IEPA overturn and new Section 232 ruling.

A: Net go forward impact of current tariffs in line with expectations, uncertainty regarding Section 301 tariffs, filed refund through CAPE process for IEPA, voluntarily submitted disclosure to customs on 232 tariffs.

Q: How to think about 2Q performance vs normal seasonality and one-time impacts from 1Q.

A: Second half likely better due to tariff impact, Q2 better than Q1, second half better than first half, restructuring in plan affecting more favorably in second half