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The Manitowoc Company Inc   (MTW)
Other Ticker:  
 
 
Price: $12.9300 $-0.09 -0.691%
Day's High: $13.2155 Week Perf: -1.97 %
Day's Low: $ 13.08 30 Day Perf: -11.44 %
Volume (M): 12 52 Wk High: $ 19.81
Volume (M$): $ 153 52 Wk Avg: $15.69
Open: $12.90 52 Wk Low: $12.20



 Market Capitalization (Millions $) 463
 Shares Outstanding (Millions) 36
 Employees 12,300
 Revenues (TTM) (Millions $) 2,253
 Net Income (TTM) (Millions $) -97
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) 90

The Manitowoc Company Inc
Founded in 1902, we are a diversified industrial manufacturer in three principal markets: Cranes and Related Products (Crane); Foodservice Equipment (Foodservice) and Marine. We have over a 100-year tradition of providing high-quality, customer-focused products and support services to our markets worldwide.

Our Crane business is a global provider of engineered lift solutions, offering one of the broadest lines of lifting equipment in our industry. We design, manufacture, market, and support a comprehensive line of crawler cranes, mobile telescopic cranes, tower cranes, and boom trucks. Our Crane products are marketed under the Manitowoc, Grove, Potain, National, and Crane CARE brand names and are used in a wide variety of applications, including energy, petrochemical and industrial projects, infrastructure development such as road, bridge and airport construction, commercial and high-rise residential construction, mining and dredging.

Our Foodservice business is a leading broad-line manufacturer of “cold side” commercial foodservice products. We design, manufacture and market full product lines of ice making machines, walk-in and reach-in refrigerators and freezers, fountain beverage delivery systems and other foodservice refrigeration products for the lodging, restaurant, healthcare, convenience store, soft-drink bottling, and institutional foodservice markets. Our Foodservice products are marketed under the Manitowoc, SerVend, Multiplex, Kolpak, Harford-Duracool, McCall, McCann’s, Koolaire, Flomatic, Kyees, RDI, and other brand names.

Our Marine segment provides new construction (commercial/government), ship repair and maintenance services for freshwater and saltwater vessels from three shipyards on the U.S. Great Lakes. Our Marine segment serves the Great Lakes maritime market consisting of U.S. and Canadian fleets, inland waterway operators, and ocean going vessels that transit the Great Lakes and St. Lawrence Seaways.

Our principal executive offices are located at 2400 South 44th Street, Manitowoc, Wisconsin 54220.

The primary raw materials that we use are structural and rolled steel, aluminum, and copper, which is purchased from various domestic and international sources. We also purchase engines and electrical equipment and other semi- and fully-processed materials. Our policy is to maintain, wherever possible, alternate sources of supply for our important materials and parts. We maintain inventories of steel and other purchased material. We have been successful in our goal to maintain alternative sources of raw materials and supplies, and therefore are not dependent on a single source for any particular raw material or supply.

Competition

We sell all of our products in highly competitive industries. We compete in each of our industries based on product design, quality of products and aftermarket support services, product performance, maintenance costs, and price. Our competitors may have greater financial, marketing, manufacturing or distribution resources than we do. We believe that we benefit from the following competitive advantages: a strong brand name, a reputation for quality products and aftermarket support services, an established network of global distributors, broad product line offerings in the markets we serve, and a commitment to engineering design and product innovation. However, we cannot be certain that our products and services will continue to compete successfully with our competitors or that we will be able to retain our customer base or improve or maintain our profit margins on sales to our customers.



   Company Address: 11270 West Park Place Milwaukee 53224 WI
   Company Phone Number: 760-4600   Stock Exchange / Ticker: NYSE MTW
   


Customers Net Income fell by MTW's Customers Net Profit Margin fell to

-54.64 %

1.15 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CAT        4.35% 
CMCO   -1.21%    
HDSN        0.69% 
TEX        1.41% 
BRKA        1.41% 
EMR        0.42% 
• View Complete Report
   



Management Changes

Manitowoc Company Appoints Ryan M. Gwillim to Board of Directors, Expanding Its Expertise in Finance and Law

Published Tue, Jan 16 2024 9:30 PM UTC


Introduction
The Manitowoc Company, Inc. (NYSE: MTW), a renowned global manufacturer of cranes and lifting solutions, has recently announced the appointment of Ryan M. Gwillim to its board of directors. With over 20 years of experience in finance and law, Gwillim is a highly accomplished senior executive. This article delves into the details of the press release and...

The Manitowoc Company Inc

The Manitowoc Company Inc Smashes Expectations with Stunning Revenue Surge in Q3 2023

The Manitowoc Company Inc, a leading Construction & Mining Machinery company, has recently reported its third-quarter financial results. The company announced a net income of $10.4 million, or $0.29 per diluted share, representing a significant increase in profit margins. Adjusted net income for the same period was $8.0 million, or $0.22 per diluted share. Net sales also experienced growth, with a 14.6% year-over-year increase to $520.9 million, boosted by favorable changes in foreign currency exchange rates. Non-new machine sales saw a significant rise of 21.2% compared to the previous year, reaching $154.7 million.
These positive financial results indicate that The Manitowoc Company Inc has outperformed other companies in the Construction & Mining Machinery sector during the third quarter of 2023. While the majority of its competitors experienced a business growth of 11.59% from the comparable quarter a year ago, The Manitowoc Company Inc achieved an impressive revenue increase of 14.537% to $520.80 million. This demonstrates the company's ability to seize opportunities and capitalize on the growing market trends within its sector.

The Manitowoc Company Inc

Surprising Financial Surge: The Manitowoc Company Inc Delivers Astounding 21.078% Revenue Gain Over Second Quarter of 2023



In an unexpected turn of events, The Manitowoc Company Inc announced astounding financial figures for the second quarter of 2023. The company reported a 21.078% increase in revenue, reaching $602.00 million, and a remarkable 35.71% surge in profit per share, now standing at $0.57 per share. These results not only outperformed the prior year's figures but also exceeded the preceding quarter, highlighting the company's upward trajectory. Let's delve deeper into the noteworthy facts unveiled by the second quarter's financial report.
Revenue and Profit:
Compared to the previous year, The Manitowoc Company Inc experienced a 23.91% growth in income per share, which rose from $0.46 to $0.57. Additionally, the revenue witnessed a significant 18.434% improvement, increasing from $508.30 million to $602.00 million. This consistent growth signifies the company's strength and resilience.

The Manitowoc Company Inc

The Manitowoc Company Inc's Fiscal Success: Experiencing Steady Revenue Growth Amidst Challenging Times

The Manitowoc Company Inc, a Wisconsin-based company that specializes in cranes and related products, has had a successful fiscal period that ended on March 31, 2023. The company reported a positive income of $0.46 per share, a significant improvement from the $-0.11 per share they reported the year before. Moreover, the Income per Share has more than doubled by 557.14% from the previous quarter, standing at $0.07 per share.
The company's revenue for this period has grown by 2.109%, making it $508.30 million as compared to the previous year's $497.80 million. Moreover, the sequentially advancing revenue has grown at a rate of 11.788% from $454.70 million. These figures indicate that the company has managed to maintain stable growth, despite the challenges posed by the ongoing pandemic.






 

The Manitowoc Inc's Segments
 
Cranes & related products
 Segment     of total Revenue
Foodservice equipment
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
The Manitowoc Inc announced annual revenue outlook on

Earnings Outlook
The Manitowoc Company Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Other North America
Europe
Asia
Middle East
Central & South America
Africa
South Pacific & Caribbean
Australia

The Manitowoc Inc's Operating Statistics Decrease / Increase
       
Crane segment backlog (millions $)   Crane segment backlog (millions $) Decline   




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