reports
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 ...
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://...
- Valens Research
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- Valens Research
MTW - Valens Credit Report - 2018 02 13
ï€ 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 ï€ 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...
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. ...
The Manitowoc Company Schedules Fourth-quarter 2017 Earnings Announcem...
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its fourth-quarter 2017 financial results and will issue its 2018 guidance on Thursday, February 8, after the close of market. The company will discuss its fourth-quarter 2017 results and 2018 guidance during a live conference call for security analysts and institutional investors, at 10:00 a.m. Eastern Time on Friday, February 9. Investors, media, and the general public may listen to a live Internet webcast of the ...
The Manitowoc Company to Relocate Corporate Headquarters to Northwest ...
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today announced it will relocate its corporate headquarters from Manitowoc, Wisconsin to Milwaukee, Wisconsin. Manitowoc will lease approximately 16,000-square feet in One Park Place in the Park Plaza office park. Manitowoc has already started to transition headquarters employees with the relocation expected to be completed by the end of the first quarter, 2018 pending completion of the bu...
U.S. District Court Rules In Manitowoc’s Favor In Trade Secret Misap...
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that on December 11, 2017, the Honorable William Griesbach of the U.S. District Court for the Eastern District of Wisconsin (“Judge Griesbach”) ruled in its favor in its trade secrets misappropriation lawsuit against Sany Heavy Industries and Sany America (collectively “Sany”) regarding Manitowoc’s Variable Position Counterweight (VPC) technology. Judge Griesbach ruled on Summary Judgment that Sany was liable for trade secret misappropr...
The Manitowoc Company, Inc. Announces 1-for-4 Reverse Stock Split
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that Manitowoc shareholders, at a special meeting of shareholders held earlier today, approved a 1-for-4 reverse stock split and reduction of the total number of shares of common stock Manitowoc is authorized to issue from 300,000,000 shares to 75,000,000 shares. Manitowoc common stock will begin trading on a split-adjusted basis when markets open on November 20, 2017. Manitowoc common stock will continue to trade on the New York Stock ...
The Manitowoc Company Reports Third-Quarter 2017 Financial Results
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today reported third-quarter net sales of $399.4 million, diluted EPS (“DEPS”) on a GAAP basis of $0.07 and $0.09 on an adjusted basis. Third-quarter orders of $376.1 million were up 21% from the comparable period in 2016. Backlog totaled $467.9 million at September 30, 2017, up 32%, from the third-quarter 2016 ending backlog of $353.6 million. Third-quarter 2017 net sales were $3...
The Manitowoc Company Schedules Third-quarter 2017 Earnings Announceme...
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its third-quarter 2017 financial results on Monday, November 6, after the close of market. The company will discuss its third-quarter earnings results and outlook during a live conference call for security analysts and institutional investors, at 9:00 a.m. Eastern Time on Tuesday, November 7th. A replay of the conference call will also be available on the company’s website shortly after the live webcast is completed. ...
The Manitowoc Company, Inc. Announces Plan for Reverse Stock Split
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, announced today that it plans to undertake a reverse stock split of Manitowoc’s common stock at a ratio of 1-for-4 and a reduction in the number of authorized shares of its common stock from 300,000,000 shares to 75,000,000 shares. The reverse stock split will reduce the number of shares of Manitowoc’s common stock outstanding and is expected to increase the per share trading price of the ...
- Please Change Name John C Forrey
Thanks to a better fundamental star rating, THE MANITOWOC CO.INCO. see...
The independent financial analyst theScreener just awarded an improved star rating to THE MANITOWOC CO.INCO. (US), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date August ...
The Manitowoc Company Clarifies Defense Logistics Agency (DLA) Contrac...
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 the...
The Manitowoc Company Announces Departure of Lawrence J. Weyers
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced that after more than 20 years of service to The Manitowoc Company (the “Company”), Lawrence J. Weyers provided notice to the Board of Directors of the Company (the “Board”) of his desire to leave the Company, effective August 31, 2017. Mr. Weyers currently serves as Executive Vice President, Tower Cranes, and has held various other executive management positions since joining the Company in 1998. “The Board and I thank Larry for his strong leadership ...
The Manitowoc Company Reports Second-Quarter 2017 Financial Results
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today reported second-quarter net sales of $394.6 million, diluted EPS on a GAAP basis of breakeven and $0.05 on an adjusted basis. Second-quarter orders of $379.5 million, which included the initial production order related to the U.S. Army contract, were up 9% from the comparable period in 2016. Backlog totaled $491.2 million at June 30, 2017, up 25%, from the second-quarter 2016 ending ...
The Manitowoc Company Reports First-Quarter 2017 Financial Results
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc”) today reported first-quarter 2017 net sales of $305.8 million versus $427.4 million in the comparable period in 2016. On a GAAP basis, the Company reported a net loss of ($36.0) million, or ($0.26) per diluted share, in the first-quarter 2017 versus a net loss of ($195.9) million, or ($1.43) per diluted share, in the first-quarter of 2016. The Company’s loss from continuing operations in the first-quarter 2017 and 2016 was ($36.0) million...
The Manitowoc Company Schedules First-quarter 2017 Earnings Announceme...
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its first-quarter 2017 financial results on Monday, May 8th, after the close of market. The company will discuss its first-quarter earnings results and outlook during a live conference call for security analysts and institutional investors, at 10:00 a.m. Eastern Time on Tuesday, May 9th. Investors, media, and the general public may listen to a live Internet webcast of the conference call at http://ir.manitowoc.com. ...
The Manitowoc Company Schedules Fourth-quarter 2016 Earnings Announcem...
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its fourth-quarter 2016 financial results and will issue its 2017 guidance on Wednesday, February 1st, after the close of market. The company will discuss its fourth-quarter 2016 results and 2017 guidance during a live conference call for security analysts and institutional investors, at 10:00 a.m. Eastern Time on Thursday, February 2nd. Investors, media, and the general public may listen to a live Internet w...
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