Financial Data and Key Metrics Changes - For the full year 2024, the company reported sales of $2.2 billion and adjusted EBITDA of $128 million, with free cash flow of $100 million generated during the fourth quarter [10][30][34] - The adjusted EBITDA margin decreased by 200 basis points to 5.9%, primarily due to product mix and under-absorption of fixed costs [31][32] - The company achieved a GAAP diluted income per share of $1.59 and an adjusted diluted income per share of $0.41, reflecting a penny increase from the prior year [29][34] Business Line Data and Key Metrics Changes - Non-new machine sales reached a record high of $629 million, representing a 67% increase since 2020 [10][30][44] - The company grew its field service technician count by 7% to over 467 team members [9][44] - Adjusted EBITDA for the year was $128 million, a decrease of 27% year over year [31] Market Data and Key Metrics Changes - Orders in the fourth quarter totaled $516 million, an increase of 8% year over year, with a backlog of $650 million, down 29% from the previous year [16][27] - The Americas market showed signs of recovery post-election, while Europe faced a complicated situation with modest growth in certain regions [16][18] - Orders in the Middle East increased over 44% year over year, driven by ongoing projects related to major upcoming events [20][21] Company Strategy and Development Direction - The company continues to execute its Cranes Plus 50 strategy, focusing on growing the less cyclical, higher-margin aftermarket business [44][46] - New product introductions are aimed at staying competitive against Chinese exporters, particularly in the Middle East [42][46] - The company plans to expand service locations in the Americas and has recently acquired crane assets in several states [43][44] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, with expectations of slight improvements in the US and European markets, while Asia remains uncertain [37][41] - The company anticipates a challenging first quarter of 2025 due to reduced build schedules in 2024 [39][40] - Overall sentiment in the US market is improving, but uncertainties regarding interest rates and tariffs persist [37] Other Important Information - The company achieved a record low recordable incident rate of 1.19%, marking 2024 as one of the safest years in its history [11][12] - Environmental initiatives led to a 6% reduction in greenhouse gas intensity, resulting in approximately $100,000 in savings [14] Q&A Session Summary Question: Can you discuss regional sales expectations for 2025? - Management indicated that expectations are for marginal improvements in Europe and the US, while Asia remains uncertain, particularly in South Korea [54] Question: How have used crane values trended recently? - Management noted that used crane values have remained stable, with no significant changes observed [56][57]

Fourth-Quarter 2024 and Full-Year 2024 Earnings Conference Call February 13, 2025 Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made and are subject to uncertainty and changes in circumstances. The Company undertakes no obligation to update or revise forward-looking ...

The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced a loss of $0.08, delivering a surprise of -180%.Over the last four quarters, the ...

Exhibit 99.1 The Manitowoc Company Reports Fourth-Quarter and Full-Year 2024 Financial Results; Provides Full- Year 2025 Guidance Fourth-Quarter 2024 Highlights Full-Year 2024 Highlights MILWAUKEE, Wis. - The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported fourth- quarter net income of $56.7 million, or $1.59 per diluted share. Fourth-quarter adjusted net income (1) was $3.7 million or $0.10 per diluted share. Orders in the quarter were $515.6 million, an 8.4% increase from ...

The upcoming report from The Manitowoc Company, Inc. (MTW) is expected to reveal quarterly earnings of $0.14 per share, indicating an increase of 55.6% compared to the year-ago period. Analysts forecast revenues of $592.73 million, representing a decrease of 0.5% year over year.The current level reflects a downward revision of 37.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projection ...

Wall Street expects a year-over-year increase in earnings on lower revenues when The Manitowoc Company, Inc. (MTW) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numbers a ...

Dublin, Dec. 27, 2024 (GLOBE NEWSWIRE) -- The "Vehicle Mounted Crane Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.The global vehicle mounted crane market is expected to grow at a CAGR of 8.67% from 2023 to 2029. Technological advancements in the vehicle mounted crane market are reshaping product offerings and operational capabilities. Innovations such as telematics, GPS tracking, and remote operation are enhancing crane performance and efficiency, ...

Shares of The Manitowoc Company, Inc. (MTW) have lost 3% since it reported third-quarter 2024 adjusted loss per share of 8 cents on Oct. 30. MTW missed the Zacks Consensus Estimate of earnings of 10 cents per share. The company reported adjusted earnings per share of 22 cents in the year-ago quarter.Including one-time items, the company reported a loss of 20 cents per share against the prior-year quarter’s earnings of 29 cents per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ...

For the quarter ended September 2024, The Manitowoc Company, Inc. (MTW) reported revenue of $524.8 million, up 0.8% over the same period last year. EPS came in at -$0.08, compared to $0.22 in the year-ago quarter.The reported revenue represents a surprise of +0.73% over the Zacks Consensus Estimate of $520.98 million. With the consensus EPS estimate being $0.10, the EPS surprise was -180.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

os UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-11978 The Manitowoc Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-0448110 (State or ot ...