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

EARNINGS REPORT by CSIMarket

Recorded Loss, Sales Faded


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Manitowoc Co Inc announced first quarter 2017 operating loss of $-23.7 millions, revenue expected to reach $3,770 millions, for the Year



Declining demand caused increase in losses for the first quarter 2017, company's loss per share grew to $-0.26 from $-1.49 where Sales fell by -28.45 % to $306 millions from $427 millions a year ago.

In contrast to the forth quarter 2016 Sales fell by -16.24 % from $365 millions and increased losses from $-0.19 per share.
Sales fell at Cranes or related products -23.01%, while revenue growth was achieved at Foodservice equipment +1.97%.
In the first quarter 2017 Manitowoc Co Inc reported net loss of $-36 million, instead of deficit of $-204 millions in the same quarter a year ago.Company provided revenue outlook in the range between, $3,692 millions and $3,848 millions.

Beside announcing a net loss in the first quarter 2017, Construction & Mining Machinery company, also faced declines in Crane segment backlog -11.82 %.
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Other MTW's Earnings Reports

Manitowoc Co Inc reported forth quarter 2016 earnings

Manitowoc Co Inc reported third quarter 2016 earnings

Manitowoc Co Inc reported second quarter 2016 earnings



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