Manitowoc (MTW) Misses Q4 EPS by 7c
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The Manitowoc Company Reports Fourth-Quarter 2016 Financial Results and Full Year 2017 Guidance
February 1, 2017 4:06 PM ESTCompany improves liquidity position through disciplined working capital management; financial results in line with guidance
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) (Manitowoc) today reported fourth-quarter 2016 net sales of $378.2 million versus $543.1 million in the comparable period in 2015.
On a GAAP basis, the Company reported a net loss of ($33.4) million, or ($0.24) per diluted share, in the fourth-quarter 2016 versus net income of $43.5 million, or $0.32 per diluted share, in the fourth-quarter 2015. The Companys loss from continuing operations in the fourth-quarter 2016 and 2015 was ($32.0) million and ($12.9) million, respectively.
Non-GAAP adjusted net... More
