Welcome to our dedicated page for The Manitowoc news (Ticker: MTW), a resource for investors and traders seeking the latest updates and insights on The Manitowoc stock.
The Manitowoc Company, Inc. reports developments tied to its global crane and engineered lifting-solutions business. The company designs, manufactures, markets, and supports mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under brands including Grove, Manitowoc, National Crane, Potain, Shuttlelift, Upfits by Aspen Equipment, and MGX Equipment Services.
Recurring news themes include quarterly financial results, orders and backlog, guidance, new products, aftermarket and non-new machine sales under the CRANES+50 strategy, direct-to-customer service expansion, dealer relationships, trade and regulatory matters affecting mobile cranes, and board or executive leadership changes.
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.