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Manitowoc Co., Inc. - MTW STOCK NEWS

Welcome to our dedicated news page for Manitowoc Co. (Ticker: MTW), a resource for investors and traders seeking the latest updates and insights on Manitowoc Co..

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 Manitowoc Co.'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 Manitowoc Co.'s position in the market.

Rhea-AI Summary
The Manitowoc Company, Inc. (NYSE: MTW) announces John C. Pfeifer's decision not to seek reelection to the Board of Directors. His term will end at the May 7, 2024 annual meeting. Pfeifer, a board member since 2016, played a vital role in shaping Manitowoc's growth strategy and transition to a service-oriented company. Chairman Kenneth W. Krueger expressed gratitude for Pfeifer's contributions in operations, finance, acquisitions, and construction equipment expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
management
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Rhea-AI Summary
The Manitowoc Company, Inc. (NYSE: MTW) will participate in the JP Morgan High Yield and Leveraged Finance Conference on February 26, 2024. A slide presentation will be available on their website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
conferences
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Rhea-AI Summary
Manitowoc Company, Inc. (MTW) reports net sales of $595.8 million in Q4 2023 with an adjusted EBITDA of $36.5 million. Full-year 2023 sees net sales of $2,227.8 million and an adjusted EBITDA of $175.3 million. The company expects strong global demand for mobile cranes in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.19%
Tags
earnings
Rhea-AI Summary
The Manitowoc Company, Inc. (MTW) will release its Q4 2023 and full-year 2023 results on February 14, 2024, followed by a conference call on February 15, 2024. The webcast will be available on the company's website, with a replay also accessible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
Tags
earnings
-
Rhea-AI Summary
Manitowoc Company, Inc. (NYSE: MTW) has elected Ryan M. Gwillim to its board of directors and increased the size of the Board from nine to ten directors. Mr. Gwillim is a senior executive with over 20 years of experience in finance and law, currently serving as Executive Vice President and Chief Financial Officer at Brunswick Corporation. The Company anticipates that his strong financial skills and qualifications, along with his extensive background in international mergers and acquisitions, will contribute greatly to their efforts to increase shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
management
-
Rhea-AI Summary
The Manitowoc Company, Inc. (NYSE: MTW) has been named one of America’s Most Responsible Companies for the second consecutive year by Newsweek and Statista Inc. for its performance in the environmental, social, and corporate governance areas. The company's President and CEO, Aaron H. Ravenscroft, expressed his honor at the recognition and emphasized the company's mission to build the infrastructure of tomorrow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.92%
Tags
none
Rhea-AI Summary
The Manitowoc Company, Inc. (NYSE: MTW) will participate in three investor conferences: Baird 2023 Global Industrial Conference on November 7, Bank of America Leveraged Finance Conference on November 28-29, and UBS Industrials Summit on November 29-30. Fireside chats will be held during these conferences and will be available for webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
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Rhea-AI Summary
The Manitowoc Company, Inc. reported third-quarter net sales of $520.9 million, up 14.6% year-over-year. Net income increased by $8.1 million to reach $10.4 million. Non-new machine sales also saw a significant increase of 21.2% to $154.7 million. Adjusted EBITDA was $33.3 million, a 38.8% increase from the prior year. Orders increased by 12.5% to $531.2 million. The company updated its full-year guidance, expecting net sales of $2.175 billion to $2.225 billion and adjusted EBITDA of $160 million to $180 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
Tags
buyback earnings
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Rhea-AI Summary
The Manitowoc Company, Inc. (NYSE: MTW) will release its third-quarter 2023 results on November 1, 2023, and host a conference call on November 2, 2023, to discuss the results and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
earnings
Rhea-AI Summary
Manitowoc Company reports second-quarter net sales of $602.8 million, up 21.2% YoY, and adjusted EBITDA of $60.4 million, with a margin percentage of 10.0%. Non-new machine sales increased by 8.1% YoY to $150.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
earnings
Manitowoc Co., Inc.

NYSE:MTW

MTW Rankings

MTW Stock Data

497.48M
34.20M
3.24%
79.6%
1.84%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
Milwaukee

About MTW

manitowoc cranes potain india pvt ltd is a mechanical or industrial engineering company located in andhra pradesh, india.