Management is executing a CRANES+50 strategy with over $690 million in non-new machine sales, focusing on recurring aftermarket revenue streams. European operations show strong momentum with new crane orders up 64% and mobile crane orders up 39% year-over-year. The company implemented a restructuring plan in January 2026 expected to save $10 million.
Cyborg Score Rationale
Q4 2025 revenue grew 13.6% year-over-year to $677.1 million, and orders jumped 55.8% to $803.4 million, showing strong demand. However, analysts have issued an average "Strong Sell" recommendation with three sell ratings and two hold ratings, indicating concerns about valuation or near-term execution risks.
Top Insights
European market strength with 64% new crane order growth YoY
Aftermarket expansion achieved record non-new machine sales of $690 million, a company record
Safety performance milestone: first time recordable injury rate fell below 1.0 at 0.94
2026 guidance: $2.25B-$2.35B revenue with $125M-$150M adjusted EBITDA, driven by pricing, European tower crane market, and non-new machine growth
Named Competitors
Liebherr — Global crane and equipment manufacturer
Tadano — Mobile and tower crane manufacturer
Zoomlion — Chinese crane and construction equipment manufacturer
Recent Developments
(February 2026) Q4 orders surged 55.8% YoY to $803.4M with $793.5M year-end backlog
(February 2026) Issued 2026 guidance of $2.25B-$2.35B revenue and $125M-$150M adjusted EBITDA
(January 2026) Implemented restructuring plan targeting $10M in cost savings
(2025) Launched eleven new cranes including largest topless and lift-in tower cranes to date
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