Manitowoc (MTW) Misses Q1 EPS by 15c
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The Manitowoc Company Reports First-Quarter 2020 Financial Results
May 7, 2020 4:29 PM EDTManitowoc reports Net Sales of $329.2 million; Adjusted EBITDA(1) of $16.3 million
MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), (the Company or Manitowoc) a leading global manufacturer of cranes and lifting solutions, today reported a first-quarter net loss of $7.8 million, or $0.22 per diluted share. First-quarter adjusted net loss(1) of $6.3 million, or $0.18 per diluted share, declined $9.0 million year-over-year. First-quarter adjusted net loss included $4.0 million of other expense net, or $0.11 per diluted share, primarily related to foreign currency losses. The Company also reported net sales of $329.2 million and adjusted EBITDA(1) of $16.3 million,... More
