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Stock impact report

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2024 Financial Results; Provides Full-Year 2025 Guidance

Manitowoc Company, Inc. (The) (MTW) 
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm Check Earnings Report
Company Research Source: Business Wire
Fourth-Quarter 2024 HighlightsNet sales of $596.0 millionNet income of $56.7 million; Adjusted EBITDA(1) of $34.9 millionNet cash provided by operating activities of $110.8 million, free cash flows(1) of $99.5 millionFull-Year 2024 HighlightsNet sales of $2,178.0 millionNon-new machine sales of $629.1 million, an increase of $16.5 million year-over-yearNet income of $55.8 million; Adjusted EBITDA(1) of $128.4 million MILWAUKEE--(BUSINESS WIRE)--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(1) was $34.9 million, a decrease of 4.4% year-over-year. Show less Read more
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