Manitowoc (MTW) Tops Q4 EPS by 6c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus

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Go back to Manitowoc (MTW) Tops Q4 EPS by 6c, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2019 Financial Results; Full-Year 2020 Guidance

February 6, 2020 4:31 PM EST

Fourth-quarter 2019 Highlights

Net sales of $463.4 million Adjusted EBITDA(1) of $30.9 million Diluted earnings per share of $0.26, $0.35 on an adjusted basis(1) Cash flows from operating activities of $144.6 million

Full-year 2019 Highlights

Net sales of $1,834.1 million Adjusted EBITDA(1) of $156.6 million Diluted earnings per share of $1.31, $1.89 on an adjusted basis(1) Adjusted operating cash flows(1) of $148.0 million, a 220% conversion rate to adjusted net income

MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), (the Company or Manitowoc) a leading global manufacturer... More