Manitowoc (MTW) PT Raised to $19 at Credit Suisse

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The Manitowoc Company Reports Fourth-Quarter and Full-Year 2018 Financial Results and Full-Year 2019 Guidance

February 7, 2019 4:15 PM EST

Fourth-Quarter 2018 Highlights

Q4 orders of $485.7 million and revenue of $515.3 million Adjusted EBITDA of $31.1 million Diluted earnings per share from continuing operations of $(2.20) which includes a non-cash goodwill impairment charge of $(2.31), $0.16 on an adjusted basis

Full-Year 2018 Highlights

Full-year orders of $1,910.7 million and revenue of $1,846.8 million Adjusted EBITDA of $116.2 million Diluted earnings per share from continuing operations of $(1.88), $0.64 on an adjusted basis Non-GAAP adjusted operating cash flow of $40.1 million

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