Manitowoc (MTW) Tops Q4 EPS Views; Offers FY16 Outlook

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Go back to Manitowoc (MTW) Tops Q4 EPS Views; Offers FY16 Outlook

The Manitowoc Company Reports Fourth-Quarter Results and Provides 2016 Guidance

January 28, 2016 5:11 PM EST

Positive momentum continues in Foodservice; Crane operations stabilizing;
Activities continue for planned business separation in Q1 2016

MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) today reported fourth-quarter 2015 sales of $934.8 million, a decrease of 9.9 percent, compared to sales of $1.0 billion in the fourth quarter of 2014. On a GAAP basis, the company reported net earnings of $43.8 million, or $0.32 per diluted share, in the fourth quarter versus net earnings of $33.6 million, or $0.25 per diluted share, in the fourth quarter of 2014. Both periods included special items. Excluding... More