CSIMarket
Company Name or Ticker Symbol
Search for other Categories
 
     
Manitowoc Co Inc  (MTW)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction & Mining Machinery
 
 

EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit


decrease font size NEWS BETA Increase font size

A $13 million tax benefit, helped Manitowoc Co Inc to post $0.07 eps in the third quarter 2017, revenue expected to reach $3,770 millions, for the Year



Manitowoc Co Inc announced earnings per share of $0.07 and Sales of $395 millions in the third quarter 2017, Company's earnings turn positive per share, versus $-1.01 eps, earned in the same quarter a year ago, although Manitowoc Co Inc saw it's Sales rise by 14.18 % in the same period.

From second quarter 2017, from $0.00 per share and Sales increased by 1.22 % from $395 millions.
Manitowoc Co Inc said it's sales growth was driven by Foodservice equipment segment up 1.97%, while sales in Cranes or related products segment fell -23.01%.
All of the company's earnings growth, was located in Foodservice equipment segment, while growth was cut back by -89.66% in Cranes or related products business. This made Company profitable again in the third quarter 2017, with $10 millions, an increase from net loss of $-140 millions in the third quarter 2017 a year ago.

The company's bottom-line growth was helped by $13 million tax benefit, without it, the third quarter 2017 results would be much more moderate. Manitowoc Co Inc also emphasized it's improving profit margins, where net margin rose to 2.4% in third quarter 2017, and operating margin edged up to 1.98%. Company provided revenue outlook in the range between, $3,692 millions and $3,848 millions.

The Construction & Mining Machinery company, also outlined contraction in Crane segment backlog -11.82 %.

Manitowoc Co Inc is expected to report next financial results on February 05, 2018.
Stocks
Economy
Industries
Other MTW's Earnings Reports

Manitowoc Co Inc reported second quarter 2017 earnings

Manitowoc Co Inc reported first quarter 2017 earnings

Manitowoc Co Inc reported forth quarter 2016 earnings

Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

FMBM's Profile

Stock Price

FMBM's Financials

FMBM's Expectations

Business Description

Fundamentals

Charts & Quotes

FMBM's News

Suppliers

FMBM's Competitors

Customers & Markets

Economic Indicators

FMBM's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Expectations

Management Effectivness

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us



CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.  Free Stock Market News Feeds
   Copyright © 2017 CSIMarket, Inc. All rights reserved. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)
Intraday Data provided by Barchart and subject to terms of use. To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Stock Price, historical and current end-of-day data provided by eoddata. Intraday data delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Barchart and Eoddata. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com