Manitowoc (MTW) Misses Q3 EPS by 5c

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Go back to Manitowoc (MTW) Misses Q3 EPS by 5c

The Manitowoc Company Reports Third-Quarter 2021 Results

November 3, 2021 4:05 PM EDT

Net Sales of $404.5 million, up 13.8% year-over-year Orders of $535.2 million, up 37.3% year-over-year Updates full-year guidance

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 third-quarter loss of $(0.2) million, or $(0.01) per diluted share. Third-quarter adjusted net income(1) was $2.2 million, or $0.06 per diluted share.

Net sales in the third-quarter increased 13.8% year-over-year to $404.5 million and were favorably impacted by $2.7 million from changes in foreign currency exchange rates. Adjusted EBITDA(1) was... More