The Manitowoc Company Reports Third-Quarter 2024 Financial Results [Yahoo! Finance]
Manitowoc Company, Inc. (The) (MTW)
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm
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US:NYSE Investor Relations:
ir.manitowoc.com/investor-relations/events-and-presentations/events/default.aspx
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Source: Yahoo! Finance
Third-quarter adjusted net loss was $2.9 million, or $0.08 per diluted share. Orders in the third quarter were $424.7 million, a 20.0% decrease from the prior year, resulting in backlog at the end of the third quarter of $742.1 million. Net sales in the third quarter were flat year-over-year at $524.8 million, and adjusted EBITDA was $26.2 million, a decrease of 21.3% from the prior year. "During the quarter, we made good progress on our CRANES+50 strategy; non-new machine sales reached a new high of $617.5 million for the trailing twelve-months. Demand, however, for new cranes slowed as customers await the outcome of the U.S. election and further interest rate cuts. Given the soft results in the third quarter, we are expecting our full year adjusted EBITDA to be at the low end of our guidance. Strengthening our balance sheet with a focus on working capital remains our top financial priority," commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc C
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News
- The Manitowoc Company Reports Third-Quarter 2024 Financial ResultsBusiness Wire
- The Manitowoc Company Schedules Third-quarter 2024 Earnings Announcement and Conference CallBusiness Wire
- The Manitowoc Company, Inc. (NYSE: MTW) had its price target raised by analysts at JPMorgan Chase & Co. from $10.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
- Why Is The Manitowoc Company (MTW) Down 9.4% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- The Manitowoc Company, Inc. Announces Pricing of $300 Million of Senior Secured Second Lien Notes due 2031Business Wire
MTW
Earnings
- 10/30/24 - Miss
MTW
Sec Filings
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 9/19/24 - Form 8-K
- MTW's page on the SEC website