MNGN Manitowoc Co.

The Manitowoc Company Clarifies Defense Logistics Agency (DLA) Contract Announcement

MANITOWOC, Wis.--(BUSINESS WIRE)--

The Manitowoc Company, Inc. (NYSE: MTW) commented today that the Company was awarded a fixed-price with economic price adjustment contract SPE8EC-17-D-0008 from DLA with a maximum estimated value of $121.9 million for procurement of commercial type cranes. This contract does not require the agency to order cranes from Manitowoc. The contract is a multiple award schedule-type contract that allows the services (i.e. Army, Navy, Air Force, Marine Corps and several federal civilian agencies) that use these cranes to place future delivery orders under the contract. The contract is active through August 10, 2022.

This award is not to be confused with the US Army Type II Heavy Crane award announced on June 18, 2015.

About The Manitowoc Company, Inc.

Founded in 1902, The Manitowoc Company, Inc. is a leading global manufacturer of cranes and lifting solutions with manufacturing, distribution, and service facilities in 20 countries. Manitowoc is recognized as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading aftermarket product support services. In 2016, Manitowoc’s net sales totaled $1.6 billion, with over half generated outside the United States.

EN
11/08/2017

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Reports on Manitowoc Co.

 PRESS RELEASE
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MNGN MANITOWOC CO.

The Manitowoc Company Reports First-Quarter 2018 Financial Results

MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today reported first-quarter net sales of $386.1 million and diluted EPS (“DEPS”) on a GAAP basis of $(0.28) and $(0.12) on an adjusted basis. First-quarter orders of $536.0 million were up 10% from the comparable period in 2017. Backlog totaled $756.6 million at March 31, 2018, up 49% from the first-quarter 2017. First-quarter 2018 net sales were $386.1 million versus $305.8 million ...

May 7, 2018 1 EN
 PRESS RELEASE
Free
MNGN MANITOWOC CO.

The Manitowoc Company Schedules First-quarter 2018 Earnings Announceme...

MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its first-quarter 2018 financial results on Monday, May 7, after the close of market. The company will discuss its first-quarter 2018 results during a live conference call for security analysts and institutional investors, at 10:00 a.m. U.S. Eastern Time on Tuesday, May 8. Investors, media, and the general public may listen to a live Internet webcast of the conference call in the “Events & Presentation” section at http://...

April 23, 2018 1 EN
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Valens Credit Weekly Insights - 2018 02 21

Valens Credit Research Team highlighted ideas for FND, GOGO, and MTW. They have also provided recent analyses for DOOR and HL, while CYH topped the quantitative outlier report for the week.

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Valens Research
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MNGN MANITOWOC CO.

MTW - Valens Credit Report - 2018 02 13

 The Manitowoc Company, Inc. (MTW:USA) currently trades at recent averages relative to UAFRS-based (Uniform) Assets, with a 1.8x Uniform P/B, implying somewhat bullish expectations for the firm. However, management has concerns about demand, international markets, and suppliers  Specifically, management is confident that their U.S. operations have seen low activity for large infrastructure projects. Additionally, they may be concerned about continued weakness in international markets, part...

02/13/18 February 13, 2018 8 EN
 PRESS RELEASE
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MNGN MANITOWOC CO.

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2017 Financ...

MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today reported fourth-quarter net sales of $481.5 million, diluted earnings per share (“DEPS”) on a GAAP basis of $0.97 and a loss of $(0.15) on an adjusted basis. Fourth-quarter orders of $620.2 million increased 78% from the comparable period in 2016. Backlog totaled $606.6 million at December 31, 2017, an increase of 87%, from the prior year ending backlog of $323.8 million. ...

February 8, 2018 1 EN

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