MTW News & Events

Following Friday's broad-based gains, U.S. equity markets continued their rebound on Monday, with Basic Materials leading the charge but Technology - a sector responsible for much of the volatility last week - also extending its gains.  The Software Application group was still mixed, but Semiconductors and AI-related large-cap Software Infrastructure traded with greater conviction as Nvidiarose 2.5%, Microsoftrallied 3%, and Oracle- down 60% from September high as recently as last week - spiked 10%.  In the opening hour of the evening session, futures are in consolidation mode - S&P e-minis and Nasdaq 100 are both trading flat.Strength in commodities continues to drive in bid in Basic Materials and Energy - the top two sectors year-to-date.  In the evening session, WTI Crude Oil remains above $64 per barrel, with Gold and Silver at $5,060 and just shy of $82 per ounce respectively.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Ichorup 19.7&Credo Technologyup 14.6%AECOMup 3.2%Amkor Technologyup 2.5%ALSO HIGHER -RingCentralup 5.3% after entering S&P SmallCap 600DOWN AFTER EARNINGS -Upworkdown 24.2%Goodyear Tire & Rubberdown 11.0%Amentum Holdingsdown 10.8%ZoomInfodown 6.0%Principal Financial Groupdown 5.5%ON Semidown 5.0%Medpace Holdingsdown 4.8%Manitowoc Companydown 2.2%ALSO LOWER -REGENXBIOdown 17.1% after FDA issues CRL for BLA for RGX-121

Sees FY26 revenue $2.25B-$2.35B, one estimate $2.35B.

Reports Q4 revenue $677.1M, up 13.6% year-over-year. "I am really proud of the team's strong finish to a challenging year. We ended the fourth quarter with orders in excess of $800 million, $40 million in adjusted EBITDA, and free cash flow of $78 million. For the year, our adjusted EBITDA was $122 million, in line with our expectations. In addition, we continued to execute our CRANES+50 strategy, ending the year with over $690 million in non-new machine sales," said Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc.

The Manitowoc Company announced that its wholly-owned subsidiary, MGX Equipment Services has completed a strategic dealer agreement with Hiab. The agreement expands the MGX and Manitowoc direct-to-customer footprint by adding distribution of HIAB loader cranes with aftermarket parts and service support for a diverse range of end market customers. MGX will now serve Hiab customers in the following U.S. states: Colorado, Delaware, Iowa, Maryland, Minnesota, Montana, Nebraska, New Jersey, North Dakota, South Dakota, Virginia, Wyoming, and Utah.