Manitowoc Co Stock Price, News & Analysis

The Manitowoc Company (NYSE: MTW) will have its President and CEO, Aaron H. Ravenscroft, along with CFO David J. Antoniuk, presenting at the Goldman Sachs Virtual Industrials & Materials Conference on May 12, 2021. The presentation is set for 8:50 to 9:25 a.m. ET, with a live audio webcast accessible via Manitowoc’s Investor Relations website. The company, established in 1902, is renowned for its high-quality lifting solutions, offering mobile telescopic cranes, tower cranes, and more under various brand names.

The Manitowoc Company (NYSE: MTW) reported a first-quarter net loss of ($3.1) million, equating to ($0.09) per diluted share, contrasting with an adjusted net loss of ($2.2) million or ($0.06) per share. However, net sales increased by 7.6% year-over-year, totaling $354.3 million, bolstered by favorable currency exchange impacts. Orders surged by 26.3% to $473.6 million, with backlog increasing to $662.5 million, a 27.2% annual rise. Despite positive crane demand trends, the company acknowledged ongoing inflationary and supply chain challenges affecting future results. 2021 adjusted EBITDA guidance is set between $90 million and $105 million.

The Manitowoc Company (NYSE: MTW) plans to release its first-quarter 2021 results on May 5, 2021, after market close. A conference call will follow on May 6, 2021, at 10:00 a.m. EDT, where the company will discuss its results and future outlook. The call will be accessible via webcast on Manitowoc's website, with a replay option available afterward.

Manitowoc is recognized for delivering high-quality lifting solutions through its brands, including Grove and Potain, and has a robust history dating back to 1902.

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.