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 Q3 2023

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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.

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its first-quarter 2021 results on Wednesday, May 5, 2021, after the close of market. The company will host a conference call at 10:00 a.m. U.S. Eastern Time on Thursday, May 6, 2021 to discuss its results and outlook. The call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. In addition, the call will be recorded a

The Manitowoc Company Schedules First-quarter 2021 Earnings Announcement and Conference Call

After bearing the brunt of weak demand last year due to the COVID-19 pandemic, Manitowoc (MTW) is well-poised for growth on the back of its improving orders levels and product innovation.

Manitowoc (MTW) Up 55% YTD: Will the Rally Continue in 2021?

Better-than-expected fourth-quarter 2020 results and ongoing momentum in order levels are driving Manitowoc's (MTW) shares.

Manitowoc (MTW) Up 50% in 3 Months: What's Driving the Rally?

The Manitowoc Company, Inc. (MTW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

The Manitowoc Company, Inc. (MTW) Moves 12.1% Higher: Will This Strength Last?

Bringing innovative products to the market, higher backlog levels and focus on cost control will drive Manitowoc's (MTW) growth despite inflated material costs.

Manitowoc (MTW) Rides on Improving Orders Amid Cost Woes

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will present at the JP Morgan Industrials Virtual Conference on Tuesday, March 16, 2021. The presentation is scheduled from 1:10 to 1:50 p.m. ET. A link to the live audio webcast of the presentation and presentation materials can be accessed from Manitowoc's Investor Relations webs

The Manitowoc Company to present at JP Morgan Industrials Virtual Conference on Tuesday, March 16, 2021

The Manitowoc Company, Inc. (MTW) CEO Aaron Ravenscroft on Q4 2020 Results - Earnings Call Transcript

Manitowoc's (MTW) fourth-quarter earnings and revenues both decline from the prior-year quarter. However, the company has witnessed improving order and backlog levels.

Manitowoc (MTW) Q4 Earnings Beat Estimates, Revenues Lag

The Manitowoc Company, Inc. (MTW) delivered earnings and revenue surprises of 90.00% and -0.58%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

The Manitowoc Company, Inc. (MTW) Surpasses Q4 Earnings Estimates

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported fourth-quarter net income of $1.8 million, or $0.05 per diluted share. Fourth-quarter adjusted net income(1) was $6.7 million, or $0.19 per diluted share. Net sales in the fourth quarter decreased 7.1% year-over-year to $430.3 million and were favorably impacted by $14.6 million from changes in foreign currency exchange

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2020 Financial Results

Manitowoc Co (NYSE:MTW) unveils its next round of earnings this Tuesday, February 09. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings Outlook for Manitowoc Co

The Manitowoc Company, Inc. (MTW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: The Manitowoc Company, Inc. (MTW) Q4 Earnings Expected to Decline

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its fourth-quarter and full-year 2020 results on Tuesday, February 9, 2021, after the close of market. The company will host a conference call at 10:00 a.m. U.S. Eastern Time on Wednesday, February 10, 2021 to discuss its results and outlook. The call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. In addition, th

The Manitowoc Company Schedules Fourth-quarter and Full-year 2020 Earnings Announcement and Conference Call

The Manitowoc Company (MTW) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: The Manitowoc Company (MTW)

A US infrastructure package is on the horizon. MTW makes lifting equipment for infrastructure applications.

U.S. Infrastructure Rebuilding Supports A Rising Share Price For The Manitowoc Company

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will participate in a fireside chat at the Credit Suisse 8th Annual Virtual Industrials Conference on Thursday, December 3, 2020. The fireside chat is scheduled from 10:10 to 10:40 a.m. ET. A link to the live audio webcast of the presentation and presentation materials can be acces

The Manitowoc Company to Present at Credit Suisse 8th Annual Virtual Industrials Conference on Thursday, December 3, 2020

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will participate in a fireside chat at the Baird 2020 Virtual Global Industrial Conference on Wednesday, November 11, 2020. The fireside chat is scheduled from 4:20 to 4:50 p.m. ET. A link to the live audio webcast of the presentation and presentation materials can be accessed from

The Manitowoc Company to present at Baird 2020 Virtual Global Industrial Conference on Wednesday, November 11, 2020

The Manitowoc Company, Inc. (MTW) CEO Aaron Ravenscroft on Q3 2020 Results - Earnings Call Transcript

Manitowoc's (MTW) third-quarter earnings and revenues both decline from the prior-year quarter but beat the respective Zacks Consensus Estimate.

Manitowoc (MTW) Q3 Earnings and Revenues Beat Estimates

Shares of Manitowoc Co. rose more than 9% in the extended session Wednesday after the maker of construction cranes and other heavy machinery reported a narrower-than-expected third-quarter loss and sales that were above Wall Street expectations. Manitowoc said it lost $400,000, or a penny a share, in the quarter, contrasting with a profit of $18 million, or 51 cents a share, in the year-ago quarter.

Manitowoc stock rallies 9% on earnings beat, guidance

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported a third-quarter net loss of $(0.4) million, or $(0.01) per diluted share. Third-quarter adjusted net income(1) was $3.5 million, or $0.10 per diluted share. Net sales in the third quarter decreased 20.6% year-over-year to $355.6 million, favorably impacted by $7.4 million from changes in foreign currency exchange rates.

The Manitowoc Company Reports Third-Quarter 2020 Financial Results

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its third-quarter financial results on Wednesday, November 4, 2020, after the close of market. The company will host a conference call at 10:00 a.m. U.S. Eastern Daylight Time on Thursday, November 5, 2020, to discuss its results. The call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. In addition, the call will

The Manitowoc Company Schedules Third-quarter Financial Results Announcement and Conference Call

Bringing innovative products to the market, solid growth in aftermarket business and focus on cost control will drive Manitowoc's (MTW) growth.

Manitowoc Banks on Innovation & Cost Control Amid Weak Demand

Cautious customer spending owing to uncertainty created by the COVID-19 crisis has impacted Manitowoc's (MTW) order activity.

Manitowoc (MTW) Stock Down 46% YTD: Will It Bounce Back?

Manitowoc (MTW) expects to benefit from product innovation, solid growth in aftermarket business and focus on cost control.

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