Senior Vice President of Marketing and Investor Relations - Ion Warner President and Chief Executive Officer - Aaron Ravenscroft Executive Vice President and Chief Financial Officer - Brian Regan Operator: Good day, and welcome to The Manitowoc Company Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Ion Warner, Senior Vice President of Marketing and Investor Relations. Ion Warner: Good morning, everyone, and welcome to our earnings call to review the company's second quarter 2026 financial performance and business update as outlined in last evening's press release.
Joining me this morning with prepared remarks are Aaron Ravenscroft, our President and Chief Executive Officer, and Brian Regan, our Executive Vice President and Chief Financial Officer. Earlier this morning, we posted our slide presentation to the Investor Relations section on our website www.manitowoc.com which you can use to follow along with our prepared remarks. Please note our safe harbor statement in the material provided for this call.
During this call, forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 are made based on the company's current assessment of its markets and other factors that affect its business. However, actual results could differ materially from any implied or actual projections due to one or more of the factors, among others, described in the company's latest SEC filings. The Manitowoc Company does not undertake any obligation to update or revise any forward-looking statement, whether the result of new information, future events, or other circumstances.
And I'll now turn the call over to Aaron. Aaron Ravenscroft: Thank you, Ion, and good morning, everyone. The Manitowoc team delivered great results in the second quarter.
Sales increased 10%, and adjusted EBITDA increased over 85% versus last year. I'd like to recognize the team's hard work and resilience in navigating what has been a challenging operating environment over the last few years. As Brian will discuss, our core financial performance was among the strongest quarters that we've achieved in recent years, and we are increasing our full-year guidance to reflect the strengthening Crane market.
The second quarter marked a number of wins. Number one, safety is the top priority at Manitowoc. Following a slower start of the year, our year-to-date recordable rate improved substantially to 0.79.
Extract — continue reading at the source.
