Manitowoc (MTW) Misses Q1 EPS by 1c

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Go back to Manitowoc (MTW) Misses Q1 EPS by 1c

The Manitowoc Company Reports First-Quarter 2017 Financial Results

May 8, 2017 4:39 PM EDT

New product innovation drives first-quarter orders of $488 million, an increase of 17% over prior year; financial results in line with expectations; disciplined cash management drives stable liquidity position at March 31, 2017

MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) (Manitowoc) today reported first-quarter 2017 net sales of $305.8 million versus $427.4 million in the comparable period in 2016.

On a GAAP basis, the Company reported a net loss of ($36.0) million, or ($0.26) per diluted share, in the first-quarter 2017 versus a net loss of ($195.9) million, or ($1.43) per diluted share, in the first-quarter of 2016. The Companys... More