Manitowoc (MTW) Misses Q1 EPS by 3c

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Go back to Manitowoc (MTW) Misses Q1 EPS by 3c

The Manitowoc Company Reports First-Quarter Financial Results

April 29, 2015 5:03 PM EDT

Company reiterates previously updated 2015 guidance

MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) today reported first-quarter 2015 sales of $752.1 million, an 11.5 percent decrease from $850.0 million in the first quarter of 2014.

On a GAAP basis, the company reported a net loss of $8.4 million, or $0.06 per diluted share, in the first-quarter 2015 versus a net loss of $8.8 million, or $0.06 per diluted share, in the first quarter of 2014. First-quarter 2014 earnings were net of $25.3 million of costs associated with refinancing the companys credit agreement. Excluding special items, the adjusted loss from... More