Welcome to our dedicated page for Manitowoc Co news (Ticker: MTW), a resource for investors and traders seeking the latest updates and insights on Manitowoc Co stock.
The Manitowoc Company, Inc. (NYSE: MTW) is a Milwaukee, Wisconsin-based manufacturer of engineered lifting products and services, with a focus on mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes. Its brands include Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, Shuttlelift, and Upfits by Aspen Equipment. This news page aggregates company announcements, earnings updates, and other disclosures that help investors and industry followers understand developments at Manitowoc.
Readers can expect frequent earnings releases and financial updates, where Manitowoc reports quarterly net sales, orders, backlog, net income, and non-new machine sales, along with commentary on trends in its Americas, Europe and Africa, and Middle East and Asia-Pacific segments. These communications often discuss factors such as tariffs, macroeconomic conditions, and regional crane demand, as well as the performance of the company’s MGX distribution business and aftermarket offerings.
The news flow also includes investor relations events, such as participation in conferences where Manitowoc’s leadership presents and hosts one-on-one investor meetings. Announcements about scheduled earnings calls and webcasts provide access points for analysts and shareholders to hear management’s views on results and outlook.
In addition, Manitowoc issues news related to regulatory, trade, and cybersecurity developments. Examples include its support for European Commission anti-dumping investigations into mobile crane imports from China and its disclosure that subsidiary Grove US LLC achieved Cybersecurity Maturity Model Certification (CMMC) Level 2 from the U.S. Department of Defense. For anyone tracking MTW, this page offers a centralized view of the company’s official news and public statements.
The Manitowoc Company (NYSE: MTW) announced that CEO Aaron H. Ravenscroft and CFO David J. Antoniuk will present at the JP Morgan Industrials Virtual Conference on March 16, 2021, from 1:10 to 1:50 p.m. ET. The live audio webcast and materials will be available on Manitowoc’s Investor Relations website ahead of the event, with replay options to follow. Manitowoc, founded in 1902, is a leading provider of engineered lifting solutions, manufacturing mobile telescopic cranes, tower cranes, and more under various brand names.
The Manitowoc Company (NYSE: MTW) reported a fourth-quarter net income of $1.8 million, equivalent to $0.05 per diluted share. Adjusted net income for the quarter stood at $6.7 million, or $0.19 per diluted share. Net sales decreased by 7.1% year-over-year to $430.3 million, although positively impacted by foreign currency exchange changes. The fourth-quarter orders reached $508.6 million, up 7.8% from the previous year. However, the full-year net loss was $19.1 million. The company is not providing financial guidance for 2021 amidst market uncertainties.
The Manitowoc Company (NYSE: MTW) will release its fourth-quarter and full-year 2020 results on February 9, 2021, after market close. A conference call to discuss the results and future outlook is scheduled for February 10, 2021 at 10:00 a.m. ET. The call will be accessible via a webcast on Manitowoc's website, and a recording will be available for later access.
The Manitowoc Company (NYSE: MTW) announced that CEO Aaron H. Ravenscroft and CFO David J. Antoniuk will participate in a fireside chat at the Credit Suisse 8th Annual Virtual Industrials Conference on December 3, 2020. The session is scheduled from 10:10 to 10:40 a.m. ET. Investors can access the live audio webcast and presentation materials via Manitowoc's Investor Relations website. Founded in 1902, Manitowoc specializes in engineered lifting solutions, posting approximately $1.83 billion in net sales in 2019.
The Manitowoc Company (NYSE: MTW) announced that CEO Aaron H. Ravenscroft and CFO David J. Antoniuk will participate in a fireside chat at the Baird 2020 Virtual Global Industrial Conference on November 11, 2020, from 4:20 to 4:50 p.m. ET.
A live audio webcast and presentation materials will be available on Manitowoc's Investor Relations website prior to the event. The company, founded in 1902, reported net sales of approximately $1.83 billion in 2019 and is a leading provider of engineered lifting solutions.
The Manitowoc Company (NYSE: MTW) reported a third-quarter net loss of $(0.4) million, translating to $(0.01) per diluted share. Adjusted net income stood at $3.5 million, or $0.10 per diluted share. Net sales experienced a 20.6% decrease year-over-year, totaling $355.6 million, although positively influenced by $7.4 million from foreign currency exchange. Adjusted EBITDA dropped to $24.8 million, down $18.0 million from the previous year. Orders rose by 10.5% to $389.9 million, with a backlog of $464.8 million. The fourth-quarter revenue forecast is set between $425.0 million and $450.0 million.
The Manitowoc Company (NYSE: MTW) will release its third-quarter financial results on November 4, 2020, after market close. A conference call to discuss these results is scheduled for 10:00 a.m. EDT on November 5, 2020. Interested parties can access the call via webcast, with a replay available afterwards. Manitowoc, a leader in engineered lifting solutions, has a tradition of over 117 years in providing high-quality products and support.