Manitowoc delivered its Grove GMK6450‑1 all‑terrain crane to Bizim Vinç in Turkey on April 14, 2026, marking the first time the model has entered the Turkish market.
The crane will lift formwork for a viaduct on the Sazlı Bosna highway project for Rönesans near Istanbul, and Bizim Vinç plans to use it for hangar installation at Istanbul Airport and for upgrades at a Limak Holding cement plant. The unit features a variable outrigger positioning system, MAXbase, and MegaWingLift, giving it high flexibility for complex lifts.
The delivery represents a new customer win for Manitowoc’s Grove line in a key emerging market, expanding the company’s geographic footprint and opening a new revenue stream from rental and service contracts in Turkey. The event is a major operational milestone that signals Manitowoc’s growing presence outside North America.
Manitowoc’s recent financial results provide context for the significance of the delivery. In Q4 2025 the company generated $677.1 million in revenue, beating consensus estimates of $637 million, and reported an EPS of $0.26 versus an estimate of $0.27. The miss was largely attributable to a $4 million tariff impact and a one‑off loss that reduced net income to $7 million. The company’s trailing net margin fell to 0.3% from 2.6% in the prior year, reflecting the cost pressure.
Management highlighted the delivery as part of its broader strategy. President and CEO Aaron H. Ravenscroft said the company was proud of a strong finish to a challenging year, citing strong orders and the execution of its CRANES+50 strategy. He also noted that tariffs had negatively impacted results by $4 million in Q4 2025. Owner Mahmut Efek of Bizim Vinç praised the crane’s compact design and advanced technology, stating that it would enhance the company’s reputation and visibility among customers.
For FY 2026, Manitowoc is guiding for revenue of $2.25 billion to $2.35 billion, slightly below analyst consensus of $2.35 billion, and EPS of $0.45 to $0.90 versus consensus of $0.79. The guidance reflects management’s cautious outlook amid tariff headwinds and the need to maintain profitability while expanding into new markets.
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