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The Manitowoc Company, Inc. - MTW STOCK NEWS

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.

The Manitowoc Company, Inc. (MTW) is a leading global provider of engineered lifting solutions. Headquartered in the United States, Manitowoc designs, manufactures, and distributes a diverse range of cranes and lifting equipment. The company's extensive product portfolio includes mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks, marketed under prominent brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care.

Manitowoc's engineered lifting solutions cater to a wide array of industries, serving dealers, rental companies, contractors, and government entities. Key sectors include energy production and distribution, petrochemical and industrial sectors, infrastructure projects, and commercial and residential construction. This broad industry application reinforces Manitowoc's significance in the global market.

Geographically, Manitowoc reports its operations under three major segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. Notably, the Americas segment contributes the majority of the company's revenue, highlighting its strong presence and market dominance in this region.

One of the company's significant subsidiaries, Potain India Pvt Ltd, operates as a mechanical or industrial engineering company located in Andhra Pradesh, India. This strategic location enhances Manitowoc's footprint in the Asia-Pacific market, providing localized support and innovative solutions to meet regional demands.

Recent achievements and ongoing projects underline Manitowoc's dedication to innovation and excellence in the lifting solutions domain. The company continuously invests in research and development to enhance product capabilities and efficiency, ensuring it meets the evolving needs of its diverse client base.

Financially, Manitowoc is committed to maintaining a robust fiscal condition through strategic initiatives and operational efficiency. The company's focus on delivering high-quality products and exceptional customer service is pivotal to its sustained success and market leadership.

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The Manitowoc Company (NYSE: MTW) has announced its participation in two upcoming investor conferences. The management will attend the Stifel Cross Sector Insight Conference in Boston, MA on June 5, 2024, and the IDEAS Conference in New York, NY on June 13, 2024. No formal presentations are scheduled for these events.

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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.

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The Manitowoc Company, Inc. (NYSE: MTW) is set to announce its first-quarter 2024 earnings results on May 7, 2024, with a conference call scheduled for May 8, 2024. Investors can access the call via webcast on the company's website.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What is the current stock price of The Manitowoc Company (MTW)?

The current stock price of The Manitowoc Company (MTW) is $10.21 as of December 6, 2024.

What is the market cap of The Manitowoc Company (MTW)?

The market cap of The Manitowoc Company (MTW) is approximately 364.3M.

What does The Manitowoc Company, Inc. (MTW) specialize in?

The Manitowoc Company, Inc. specializes in designing, manufacturing, and distributing a wide range of cranes and lifting equipment, including mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks.

What are some of the brand names under which Manitowoc markets its products?

Manitowoc markets its products under several prominent brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care.

Which industries does Manitowoc serve?

Manitowoc serves various industries including energy production and distribution, petrochemical and industrial, infrastructure, and commercial and residential construction.

What are the key geographical segments for Manitowoc?

Manitowoc's key geographical segments are the Americas, Europe and Africa, and the Middle East and Asia-Pacific.

Does Manitowoc have operations in India?

Yes, Manitowoc operates in India through its subsidiary, Potain India Pvt Ltd, located in Andhra Pradesh.

What is the primary revenue-generating segment for Manitowoc?

The Americas segment is the primary revenue-generating segment for Manitowoc.

What recent achievements emphasize Manitowoc's commitment to innovation?

Manitowoc's recent achievements include continuous investments in research and development to enhance product capabilities and efficiency, reflecting its commitment to innovation.

What financial strategies does Manitowoc employ for business stability?

Manitowoc focuses on maintaining a robust fiscal condition through strategic initiatives and operational efficiency.

Who are Manitowoc's primary customers?

Manitowoc's primary customers include dealers, rental companies, contractors, and government entities.

What makes Manitowoc a significant player in the lifting solutions market?

Manitowoc's diverse product portfolio, strong market presence across multiple geographic segments, and dedication to innovation and customer service make it a significant player in the lifting solutions market.

The Manitowoc Company, Inc.

NYSE:MTW

MTW Rankings

MTW Stock Data

364.27M
33.97M
3.29%
78.74%
1.99%
Farm & Heavy Construction Machinery
Construction Machinery & Equip
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United States of America
MILWAUKEE