Manitowoc (MTW) Tops Q2 EPS by 51c

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Go back to Manitowoc (MTW) Tops Q2 EPS by 51c

The Manitowoc Company Reports Second-Quarter 2021 Results

August 5, 2021 4:05 PM EDT

Orders of $537.2 million Net income of $17.9 million, or $0.50 per diluted share Adjusted EBITDA(1) of $40.7 million, or 8.8% of net sales

MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), (the Company or Manitowoc) a leading global manufacturer of cranes and lifting solutions, today reported second-quarter net income of $17.9 million, or $0.50 per diluted share. Second-quarter adjusted net income(1) was $21.2 million, or $0.60 per diluted share.

Net sales in the second-quarter increased 41% year-over-year to $463.6 million and were favorably impacted by $21.3 million from changes in foreign currency exchange rates. Adjusted... More