Manitowoc (MTW) Misses Q1 EPS by 1c

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Go back to Manitowoc (MTW) Misses Q1 EPS by 1c

The Manitowoc Company Reports First-Quarter 2022 Results

May 3, 2022 4:05 PM EDT

First-quarter 2022 Highlights

Net Sales of $459.0 million, up 29.6% year-over-year Diluted net income per share of $0.09, $0.03 on an adjusted basis(1) Adjusted EBITDA(1) of $31.2 million, up $10.1 million year-over-year

MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), (the Company or Manitowoc) a leading global manufacturer of cranes and lifting solutions, today reported first-quarter net income of $3.1 million, or $0.09 per diluted share. On an adjusted basis, first-quarter net income(1) was $1.0 million, or $0.03 per diluted share.

Net sales in the first-quarter increased 29.6% year-over-year to $459.0 million and... More