Welcome to our dedicated page for The Manitowoc Company news (Ticker: $MTW), a resource for investors and traders seeking the latest updates and insights on The Manitowoc Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Manitowoc Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Manitowoc Company's position in the market.
The Manitowoc Company, Inc. (NYSE: MTW) reported first-quarter 2024 net sales of $495.1 million, down 2.6% year-over-year. Diluted net income per share was $0.12, $0.14 on an adjusted basis. Adjusted EBITDA was $31.3 million with a margin percentage of 6.3%. Adjusted return on invested capital was 9.5%. Despite facing challenges in the European tower crane market, first-quarter orders saw a 5.6% increase year-over-year, resulting in a strong backlog of $971.3 million.
