Manitowoc (MTW) Reports In-Line Q2 EPS, Offers FY16 Guidance

Manitowoc (NYSE: MTW) reported Q2 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $457.7 million versus the consensus estimate of $463.98 million.

2016 Guidance

For the full-year 2016, Manitowoc expects:

• Revenue – down approximately 10% to 12%;
• Adjusted operating income margins – approximately 1% to 2%;
• Depreciation – between $45 and $50 million;
• Amortization expense – between $3 and $4 million; and,
• Capital expenditures – approximately $45 to $50 million.

For earnings history and earnings-related data on Manitowoc (MTW) click here.

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