Manitowoc (MTW) PT Up to $7 at Jefferies
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The Manitowoc Company Reports First-Quarter Financial Results
May 4, 2016 6:54 PM EDTCompany reiterates 2016 sales and operating margin guidance
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) today reported first-quarter 2016 sales of $427.4 million, a five percent increase versus the comparable period in 2015. The adjusted loss from continuing operations was $5.3 million, or $0.04 per diluted share, in the first quarter of 2016, versus adjusted loss from continuing operations of $28.6 million, or $0.21 per diluted share, in the first quarter of 2015.
On a GAAP basis, the company reported a net loss of $204.0 million, or $1.49 per diluted share, in the first-quarter 2016... More
