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Manitowoc Co Inc  (MTW)
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    Sector  Capital Goods    Industry Construction & Mining Machinery
 
 

EARNINGS REPORT by CSIMarket

Deficit Bigger Than a Year Ago, Topline Tumbles


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Manitowoc Co Inc announced forth quarter 2016 operating loss of $-27.6 millions, revenue expected to reach $3,770 millions, for the Year



Manitowoc Co Inc reported disastrous forth quarter 2016, where Sales faded by -60.94 % to $365 millions and loss per share has widen to $-0.19, from the same quarter a year ago.

from preceding quarter from $-1.01 per share, Sales increased by 4.37 % from $350 millions.
Sales fell at Cranes or related products -23.01%, while revenue growth was achieved at Foodservice equipment +1.97%.
For the forth quarter 2016 Manitowoc Co Inc logged net loss of $-27 million, instead of net income of $44 millions achieved in the same quarter a year before.Company provided revenue outlook in the range between, $3,692 millions and $3,848 millions.

Beside announcing a net loss in the forth quarter 2016, Construction & Mining Machinery company, also faced declines in Crane segment backlog -11.82 %.
Manitowoc Co Inc reported net loss of $-376 millions and Sales of $1.60 billions for the fiscal year 2016.

Construction & Mining Machinery company said its eps were at $-2.73 compare to $0.46 in the previous fiscal year, while Sales Tumbled by -53.43 % from $3.44 billions a year ago.

Manitowoc Co Inc is expected to report next financial results on April 28, 2017.
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Manitowoc Co Inc reported third quarter 2016 earnings

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Manitowoc Co Inc reported first quarter 2016 earnings

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