MANITOWOC CO. overview

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 prior year. Backlog as of December 31, 2024 was $650.2 million. Net sales in the fourth quarter were relatively flat year-over-year at $596.0 million. Fourth-quarter adjusted EBITDA...

The Manitowoc Company, Inc. (NYSE: MTW) (“the Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that through its wholly- owned subsidiary, MGX Equipment Services, LLC, it has completed the acquisition of certain crane assets of Ring Power Corporation (“Ring Power”). This transaction expands Manitowoc’s direct-to-customer footprint in the territories with new and used crane sales, aftermarket parts, service, and remanufacturing...

The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its fourth-quarter 2024 and full-year 2024 results on Wednesday, February 12, 2025, after the close of market. The Company will host an earnings call to discuss its results and outlook on Thursday, February 13, 2025, at 10:00 a.m. ET (9:00 a.m. CT). The earnings call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. A replay of the call will...

The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ) regarding alleged violations of the Transition Program for Equipment Manufacturers (TPEM), a program under the U.S. Clean Air Act. Per the terms of the agreement, Manitowoc will pay a civil penalty of $42.6 million and complete an emissions mitigation project...

The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America’s Most Responsible Companies for the third consecutive year by Newsweek . This prestigious award is presented by Newsweek and Statista Inc., the statistics portal and industry-ranking provider. The awards list, announced on December 3, 2024, can be viewed on Newsweek's website . The Company made a...

The Manitowoc Company, Inc. (NYSE: MTW), (the “Company’ or “Manitowoc”) announced today that it was recognized as one of the 2024 “Best for Vets” Employers by Military Times . The 2024 recipients list can be viewed on Military Times website. Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc. said, “We are honored to be named by Military Times as one of the best employers for veterans in 2024. Our Veteran Employee Resource Group (VERG) and...

Strategic partnership to expand global access to Manitowoc's premier crane brands through Jeff Martin Auctioneers' innovative sales platforms. HATTIESBURG, MS / ACCESSWIRE / October 21, 2024 / Jeff Martin Auctioneers, INC of Hattiesburg, MS is pleased to announce a new partnership with The Manitowoc Company Incs ("Manitowoc"), one of the world's premier crane manufactures, to manage the sale of used assets. This strategic collaboration aims to support Manitowoc's ongoing sales efforts and...

The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $20.2 million, or $0.57 per diluted share. Second-quarter adjusted net income (1) was $26.6 million, or $0.75 per diluted share. Net sales increased 21.2% year-over-year to $602.8 million and were favorably impacted by $3.1 million from changes in foreign currency exchange rates. Adjusted EBITDA (1) was $60.4 million, an increase of $24.0 million or 65.9% from the prior...