Manitowoc (MTW) Misses Q4 EPS by 14c, provides guidance

Manitowoc (NYSE: MTW) reported Q4 EPS of $0.09, $0.14 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $595.8 million versus the consensus estimate of $583.9 million.

GUIDANCE:

Manitowoc sees FY2024 EPS of $0.95-$1.55, versus the consensus of $1.53. Manitowoc sees FY2024 revenue of $2.275-2.375 billion, versus the consensus of $2.2 billion.

Adjusted EBITDA - $150 million to $180 million

Depreciation and amortization - $63 million to $67 million

Interest expense - $32 million to $34 million

Provision for income taxes - $18 million to $22 million

Capital expenditures - $60 million of which approximately $25 million is for rental fleet growth

Free cash flows - $30 million to $60 million

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

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