The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -56.90%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.14, delivering a surprise of -26.32%. Over the last four quarter ...

Exhibit 99.1 The Manitowoc Company Reports Second-Quarter 2024 Financial Results; Updates Full-Year 2024 Guidance Second-Quarter 2024 Highlights • Net sales of $562.1 million, down 6.8% year-over-year • Adjusted EBITDA (1) of $36.0 million, margin percentage of 6.4% • Adjusted return on invested capital (1) of 7.1% MILWAUKEE, Wis. - The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported secondquarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjust ...

Zacks Investment Research Image Source: Zacks Investment Research Downward Revision Activity in Estimates: The earnings estimates for the current year have been revised downward by 3% over the past 30 days. The Zacks Consensus Estimate for 2024 earnings is currently pegged at $1.25, which indicates year-over-year growth of 17.8%. The company has also reported year-over-year declines in adjusted gross profit and adjusted operating profit in the past two quarters. The decline is primarily attributable to decr ...

Have you assessed how the international operations of The Manitowoc Company, Inc. (MTW) performed in the quarter ended March 2024? For this company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For inv ...

The Manitowoc Company, Inc. (MTW) reported $495.1 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.6%. EPS of $0.14 for the same period compares to $0.46 a year ago.The reported revenue represents a surprise of +1.15% over the Zacks Consensus Estimate of $489.48 million. With the consensus EPS estimate being $0.19, the EPS surprise was -26.32%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...

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 March 31, 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 | | --- | --- | ...

The Manitowoc Company, Inc. (MTW) reported adjusted earnings per share (EPS) of 14 cents in first-quarter 2024, missing the Zacks Consensus Estimate of 19 cents. The bottom line marked a decline from earnings of 46 cents in the year-ago quarter.Including one-time items, the company reported an EPS of 12 cents in the quarter compared with the prior-year quarter’s 46 cents.Manitowoc’s revenues fell 2.6% year over year to $495 million in the quarter under review. The top line beat the Zacks Consensus Estimate ...

The Manitowoc Company, Inc. (NYSE:MTW) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Ion Warner - SVP, Marketing and IR Aaron Ravenscroft - President and CEO Brian Regan - EVP and CFO Conference Call Participants Clay Nelson - Goldman Sachs Mircea Dobre - Baird Stephen Volkmann - Jefferies Tami Zakaria - JPMorgan Clifford Ransom - Ransom Research Operator Good morning, ladies and gentlemen. My name is Abby and I will be your conference operator today. At this time I would lik ...

May 8, 2024 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, and are subject to uncertainty and changes in circumstances. Non-GAAP Measures First-Quarter 2024 Earnings Conference Call Safe Harbor Statement There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking ...

The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -26.32%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.09, delivering a surprise of -52.63%.Over the last four quarters, ...