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 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.

The Manitowoc Company, Inc. (MTW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in The Manitowoc Company, Inc. (MTW): Can Its 8.2% Jump Turn into More Strength?

Decline in order levels, escalating logistics and transportation costs, and supply-chain issues are hurting Manitowoc's (MTW) price performance.

Manitowoc (MTW) Stock Plunges 51% in 2022: Is Revival Likely?

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MILWAUKEE--( BUSINESS WIRE )--The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America's Most Responsible Companies by Newsweek. This prestigious award is presented by Newsweek and Statista Inc., the statistics portal and industry-ranking provider. The awards list was announced on December 7, 2022, and can be viewed on Newsweek's website.

Manitowoc named one of ‘America's Most Responsible Companies 2023' by Newsweek

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

Why Is The Manitowoc Company, Inc. (MTW) Up 4.5% Since Last Earnings Report?

Manitowoc (MTW) is well-positioned for growth due to product innovation and acquisitions.

Acquisitions to Aid Manitowoc (MTW) Amid Inflated Costs

The crane producer Manitowoc is a great trading proxy to buy once economic sentiment bottoms. Right now, the stock is once again below $10 as a result of economic demand headwinds, supply chain issues, high inflation, and the related problems that come with that.

Manitowoc: This Looks Like A Bottom!

The share price plunged during the past year as a consequence of current headwinds. The company's margins are suffering, but not so much considering the current macroeconomic situation.

The Manitowoc Company: A High Risk/High Reward Turnaround Play

The Manitowoc Company, Inc. (NYSE:MTW ) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Ion Warner - Vice President, Marketing and Investor Relations Aaron Ravenscroft - President and Chief Executive Officer Brian Regan - Executive Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Seth Weber - Wells Fargo Securities Stanley Elliott - Stifel Tami Zakaria - JPMorgan Operator Good day, everyone, and welcome to The Manitowoc Second (sic) [Third] Quarter 2022 Earnings Call. For your information, today's call is being recorded.

The Manitowoc Company, Inc. (MTW) Q3 2022 Earnings Call Transcript

Manitowoc's (MTW) earnings improve year over year in Q3. The company's backlog remains elevated which will aid results in 2022 despite supply-chain issues and high costs.

Manitowoc's (MTW) Earnings Beat Estimates in Q3, Sales Miss

The Manitowoc Company, Inc. (MTW) delivered earnings and revenue surprises of 25% and 8.38%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

The Manitowoc Company, Inc. (MTW) Tops Q3 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 third-quarter net income of $2.3 million, or $0.07 per diluted share.

The Manitowoc Company Reports Third-Quarter 2022 Results

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, announced that President and Chief Executive Officer, Aaron H.

The Manitowoc Company to present at the Baird 2022 Global Industrial Conference on Wednesday, November 9, 2022

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its third-quarter 2022 results on Monday, November 7, 2022, after the close of market.

The Manitowoc Company Schedules Third-quarter 2022 Earnings Announcement and Conference Call

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“the Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that through its wholly-owned subsidiary, MGX Equipment Services, LLC, it has completed the acquisition of certain assets of the crane rental fleet of Honnen Equipment Company (“Honnen”). Under the agreement Honnen ends its dealer agreement with Manitowoc in Colorado, Wyoming, and Nebraska. The transaction expands Mani

The Manitowoc Company Expands its Direct-to-Customer Footprint in Colorado, Wyoming, and Nebraska

The Manitowoc Company, Inc. (NYSE:MTW ) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Ion Warner - Vice President, Marketing and Investor Relations Aaron Ravenscroft - President and Chief Executive Officer Brian Regan - Executive Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Stephen Volkmann - Jefferies Tami Zakaria - JPMorgan Joe Grabowski - RW Baird Seth Weber - Wells Fargo Securities Steven Fisher - UBS Timothy Thein - Citigroup Larry DeMaria - William Blair Operator Good day, everyone and welcome to The Manitowoc Second Quarter 2022 Earnings Call. For your information, today's call is being recorded.

The Manitowoc Company, Inc. (MTW) CEO Aaron Ravenscroft on Q2 2022 Results - Earnings Call Transcript

Manitowoc's (MTW) earnings decline year over year in Q2, while its backlog remains elevated due to ongoing supply chain challenges.

Manitowoc's (MTW) Earnings & Revenues Miss Estimates in Q2

The Manitowoc Company, Inc. (MTW) delivered earnings and revenue surprises of -41.67% and 9.90%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

The Manitowoc Company, Inc. (MTW) Q2 Earnings and Revenues Miss 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 second-quarter net income of $15.1 million, or $0.42 per diluted share. Second-quarter adjusted net income(1) was $7.4 million, or $0.21 per diluted share. Net sales in the second-quarter increased 7.2% year-over-year to $497.2 million and were unfavorably impacted by $27.9 million from changes in foreign currency excha

The Manitowoc Company Reports Second-Quarter 2022 Results

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that James S. Cook, currently the Company's Senior Vice President, Health, Safety, Environment (HSE) and The Manitowoc Way, has been appointed Senior Vice President, Human Resources, and The Manitowoc Way effective immediately. “I am very pleased to have James take this critical role for Manitowoc. James' proven track

The Manitowoc Company Appoints James S. Cook as Senior Vice President, Human Resources, and The Manitowoc Way

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Jennifer L. Peterson, currently the Company's Interim General Counsel and Assistant Secretary, has been appointed Executive Vice President, General Counsel and Secretary effective immediately. “I am excited to have Jennifer take this key role for Manitowoc. I've worked closely with Jennifer for over four years, an

The Manitowoc Company Appoints Jennifer L. Peterson as Executive Vice President, General Counsel and Secretary

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) Q2 Earnings Expected to Decline

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its second quarter 2022 results on Thursday, August 4, 2022, after the close of market. The Company will host a conference call to discuss its results and outlook on Friday, August 5, 2022, 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 conferen

The Manitowoc Company Schedules Second-quarter 2022 Earnings Announcement and Conference Call

Manitowoc (MTW) invests in new products and aims to showcase its latest developments at the upcoming Bauma show.

Manitowoc (MTW) Withdraws From CONEXPO Citing Cost Issues

MILWAUKEE, Wis.--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today announced its withdrawal from the CONEXPO-CON/AGG 2023 trade show. “Over the last 18 months, Manitowoc has taken a multitude of actions to manage inflation. Due to the several price increases that we've passed on to our customers, we do not believe it's appropriate to invest in a second, large tradeshow at this time,” said

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