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.
Manitowoc Co Inc (MTW) delivers engineered lifting solutions through its innovative crane systems, serving construction, energy, and industrial sectors worldwide. This page provides timely updates on corporate developments, financial performance, and operational milestones.
Access official press releases, earnings reports, and strategic announcements in one centralized location. Investors and industry professionals will find updates on product innovations, market expansions, and leadership decisions that shape Manitowoc's position in heavy machinery markets.
Key content includes quarterly financial results, new product launches like Potain tower cranes, operational updates across Americas, EMEA, and Asia-Pacific regions. Bookmark this page to stay informed about Manitowoc's advancements in lifting technology and global infrastructure projects.
The Manitowoc Company (NYSE: MTW) has announced the schedule for its second-quarter 2024 earnings release and conference call. The company will release its Q2 2024 results on Wednesday, August 7, 2024, after the market closes. A conference call to discuss the results and outlook will be held on Thursday, August 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT). Investors and interested parties can access the webcast of the conference call on the Manitowoc website at http://ir.manitowoc.com in the 'Events & Presentations' section. A replay of the call will also be available on the same webpage for those unable to attend the live event.
Moody's Ratings has upgraded Manitowoc's credit rating to B1 from B2, reflecting the company's solid operating performance. This upgrade is attributed to Manitowoc's strategic efforts to reduce cyclicality exposure through its CRANES+50 strategy, which focuses on growing higher margin and more stable aftermarket parts and services, as well as other non-new machine businesses. The improved rating demonstrates Manitowoc's successful implementation of its business strategy and financial stability.
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.
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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