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

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

The Manitowoc Company Reports Second-Quarter Financial Results

August 8, 2016 4:15 PM EDT

Company realizes improving profitability driven by adoption of The Manitowoc Way

MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) today reported second-quarter 2016 sales of $457.7 million, a four percent decrease versus $477.7 million in the comparable period in 2015.

On a GAAP basis, the company reported a net loss of ($4.9) million, or ($0.04) per diluted share, in the second-quarter 2016 versus a net income of $23.3 million, or $0.17 per diluted share, in the second quarter of 2015. The companys loss from continuing operations in the second-quarter 2016 and 2015 was ($4.1) million and ($6.3) million, respectively.

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