Manitowoc Company

The Manitowoc Co., Inc. provides engineered lifting solutions. The firm designs, manufactures, markets and supports product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, boom trucks and industrial cranes under the Grove, Potain, Manitowoc, National Crane, Shuttlelift and Manitowoc Crane Care brand names. It operates through the following segments: Americas, EURAF, and MEAP. The Americas segment includes the North America and South America continents. The EURAF segment includes the Europe and Africa continents, excluding the Middle East region. The MEAP segment includes the Asia and Australia continents and the Middle East region. The company was founded in 1902 and is headquartered in Milwaukee, WI.

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Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Manitowoc surpasses Q4 targets amidst market challenges and opportunities

Manitowoc's Q4 2022 performance exceeded targets with flat orders.
The company faces challenges from inflation, supply chain constraints, and market trends.
Opportunities lie in potential crane renaissance and expanding into new markets.
Strategic focus on ESG initiatives and non-new machine sales shows strength.

Manitowoc Company excels in Q1 2023, eyes growth opportunities

Manitowoc Company's Q1 2023 performance was strong, driven by revenue growth and margin improvement. While facing challenges from global market dynamics and interest rate sensitivity, the company remains focused on community impact and continuous improvement. Opportunities in the Middle East, Europe, and North America offer avenues for growth and expansion.

Manitowoc reports robust Q2 earnings, eyes Middle East opportunities

Manitowoc Company's Q2 2023 performance reflects strong sales and EBITDA growth, driven by strategic initiatives. While facing challenges in Europe, the company is optimistic about long-term prospects and focused on capital efficiency.

Manitowoc Company posts strong Q3 results, eyes global expansion

Manitowoc Company's Q3 performance reflects robust sales, EBITDA growth, and strategic expansion efforts, underpinned by strong order intake and backlog.
While facing challenges in Europe, the company's long-term aspirations, updated guidance, and focus on services and non-new machine sales signal a positive outlook.
By capitalizing on growth opportunities in new regions and pursuing M&A activities, Manitowoc Company aims to achieve its ambitious sales targets and drive sustainable growth.

Manitowoc Company reports strong 2023 performance amidst market challenges

Manitowoc Company's 2023 performance demonstrated growth in sales and adjusted EBITDA, driven by operational improvements. While facing challenges in the European market, the company remains focused on leveraging strengths and seizing opportunities in key regions for continued success in 2024.

Manitowoc reports mixed Q1 performance, focuses on aftermarket growth

Manitowoc Company's Q1 2024 performance reflects a mix of strengths and challenges across different markets. Financially, the company faced a decrease in net sales and EBITDA, but saw growth in orders. Management's focus on innovation, aftermarket growth, and inventory management indicates a proactive approach to navigating market conditions.
Despite facing challenges in the tower crane market and financial metrics, Manitowoc remains optimistic about opportunities in various regions. Analyst inquiries highlighted areas for improvement, which management acknowledged and aims to address. The company's emphasis on strategic priorities and guidance reaffirm its commitment to long-term growth.

Manitowoc Company (MTW) faces mixed market performance in Q3 2024

Manitowoc Company (MTW) navigates through a mixed market landscape in Q3 2024, with a focus on continuous improvement strategies and addressing short-term margin challenges. Opportunities exist in Europe for growth, while challenges persist in Asia Pacific.

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The Manitowoc Co., Inc. engages in engineered lifting solutions. The firm designs, manufactures, markets, and supports product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, boom trucks and industrial cranes under the Grove, Potain, Manitowoc, National Crane, Shuttlelift and Manitowoc Crane Care brand names. It operates through the following geographical segments: Americas, Europe and Africa, and Middle East and Asia Pacific. The Americas segment includes the North America and South America continents. The Europe and Africa segment refers to the Europe and Africa continents, excluding the Middle East region. The Middle East and Asia Pacific segment focuses on the Asia and Australia continents and the Middle East region. The company was founded in 1902 and is headquartered in Milwaukee, WI.

Explore how The Manitowoc Company's (MTW) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Don't Overlook The Manitowoc Company (MTW) International Revenue Trends While Assessing the Stock

While the top- and bottom-line numbers for The Manitowoc Company (MTW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The Manitowoc Company (MTW) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

The Manitowoc Company, Inc. (NYSE:MTW ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Ion Warner - SVP, Marketing & IR Aaron Ravenscroft - President & CEO Brian Regan - EVP & CFO Conference Call Participants Clay Williams - Goldman Sachs Joseph Grabowski - Baird Tami Zakaria - JPMorgan Steven Fisher - UBS Operator Good morning. My name is Sara and I will be your conference operator today.

The Manitowoc Company, Inc. (MTW) Q3 2024 Earnings Call Transcript

The Manitowoc Company, Inc. (MTW) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of $0.10. This compares to earnings of $0.22 per share a year ago.

The Manitowoc Company, Inc. (MTW) Reports Q3 Loss, Tops Revenue Estimates

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported a third-quarter net loss of $7.0 million, or $0.20 per diluted share. Third-quarter adjusted net loss(1) was $2.9 million, or $0.08 per diluted share. Orders in the third quarter were $424.7 million, a 20.0% decrease from the prior year, resulting in backlog at the end of the third quarter of $742.1 million. Net sales in the third quarter were flat year-over-year at $524.8 million,.

The Manitowoc Company Reports Third-Quarter 2024 Financial Results

The Manitowoc Company (MTW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Manitowoc Company, Inc. (MTW) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its third-quarter 2024 results on Wednesday, October 30, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, October 31, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. A replay of the co.

The Manitowoc Company Schedules Third-quarter 2024 Earnings Announcement and Conference Call

A. O. Smith

Deere & Company

AOS, DE and MTW have been added to the Zacks Rank #24 (Strong Sell) List on October 16, 2024.

New Strong Sell Stocks for October 16th

The Manitowoc Company (MTW) reported earnings 30 days ago. What's next for the stock?

Why Is The Manitowoc Company (MTW) Down 9.4% Since Last Earnings Report?

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc”) announced today that it has priced its previously announced private offering (the “Offering”) of $300 million aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”). The Notes will have an interest rate of 9.250% per annum and are being issued at a price equal to 100.000% of their face value. The Notes will be guaranteed on a senior secured second lien basis, jointly and severally, b.

The Manitowoc Company, Inc. Announces Pricing of $300 Million of Senior Secured Second Lien Notes due 2031

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc”) announced today that it has commenced a private offering (the “Offering”) of $300,000,000 aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”), subject to market and other conditions, including Manitowoc entering into an amendment to its existing asset-based revolving credit facility that will among other things increase the commitments by $50 million to $325 million (as amended, t.

The Manitowoc Company, Inc. Announces Proposed Offering of $300 Million of Senior Secured Second Lien Notes due 2031

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that President and Chief Executive Officer, Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer, Brian P. Regan will present and host 1x1 investor meetings at the Midwest IDEAS Conference in Chicago, Illinois, on Thursday, August 29, 2024. Manitowoc's presentation is scheduled at 10:15 a.m. ET and will be accessible through the conference webcast link at 2024 Midwest IDEAS Conference (w.

The Manitowoc Company to Present and Host 1x1 Investor Meetings at the Midwest IDEAS Conference on Thursday, August 29, 2024

Examine The Manitowoc Company's (MTW) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

Unlocking The Manitowoc Company (MTW) International Revenues: Trends, Surprises, and Prospects

Manitowoc (MTW) expects adjusted earnings per share of 45-90 cents compared with the previously stated 95 cents to $1.55.

Manitowoc (MTW) Q2 Earnings Miss Estimates, '24 View Down

The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.75 per share a year ago.

The Manitowoc Company, Inc. (MTW) Lags Q2 Earnings and Revenue Estimates

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjusted net income(1) was $8.8 million, or $0.25 per diluted share. Net sales in the second quarter decreased 6.8% year-over-year to $562.1 million and were unfavorably impacted by $2.7 million from changes in foreign currency exchange rates. Second quarter adjusted EBITDA(1) was $36.0 million, a.

The Manitowoc Company Reports Second-Quarter 2024 Financial Results; Updates Full-Year 2024 Guidance

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its second-quarter 2024 results on Wednesday, August 7, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, August 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. A replay of the confe.

The Manitowoc Company Schedules Second-quarter 2024 Earnings Announcement and Conference Call

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) is pleased to share that Moody's Ratings (Moody's) has upgraded the Company's credit rating to B1 from B2, reflecting the Company's solid operating performance. “This upgrade is a testament of Manitowoc's efforts to structurally reduce our exposure to cyclicality by deliberately targeting growth in the higher margin and more stable aftermarket parts and services and other non-new machine businesse.

Moody's Rating Upgrades Manitowoc to B1 from B2

Weak demand in Europe, supply-chain, labor and logistic constraints, and costs affect Manitowoc (MTW).

Manitowoc (MTW) Declines 35% YTD: What's Ailing the Stock?

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that its management will participate in two upcoming investor conferences: Stifel Cross Sector Insight Conference in Boston, MA on Wednesday, June 5, 2024 IDEAS Conference in New York, NY on Thursday, June 13, 2024 No presentations are planned at this time. About The Manitowoc Company, Inc. The Manitowoc Company was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused pro.

The Manitowoc Company to Participate in Investor Conferences

Examine the evolution of The Manitowoc Company's (MTW) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

International Markets and The Manitowoc Company (MTW): A Deep Dive for Investors

While the top- and bottom-line numbers for The Manitowoc Company (MTW) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, The Manitowoc Company (MTW) Q1 Earnings: A Look at Key Metrics

Manitowoc's (MTW) top and bottom lines fell year over year in the first quarter of 2024.

Manitowoc (MTW) Q1 Earnings Miss Estimates, Revenues Dip Y/Y

The Manitowoc Company, Inc. (NYSE:MTW ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Ion Warner - SVP, Marketing and IR Aaron Ravenscroft - President and CEO Brian Regan - EVP and CFO Conference Call Participants Clay Nelson - Goldman Sachs Mircea Dobre - Baird Stephen Volkmann - Jefferies Tami Zakaria - JPMorgan Clifford Ransom - Ransom Research Operator Good morning, ladies and gentlemen. My name is Abby and I will be your conference operator today.

The Manitowoc Company, Inc. (MTW) Q1 2024 Earnings Call Transcript

The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.46 per share a year ago.

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