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

EARNINGS REPORT by CSIMarket

EPS $0.27, but on the slower pace


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Manitowoc Co Inc announced second quarter 2018 operating income of $24.1 millions, revenue expected to reach $3,770 millions, for the Year



Surge in Sales and strong Foodservice equipment segment results could not lift company's earnings, in the second quarter 2018 eps at $0.27 per share, Sales jumped by 25.52 % to $495 millions from the same quarter a year ago.

Sequentially EPS turn positive from $-0.28 per share and Sales improved by 28.28 % from $386 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. Earnings grew 1840 % to $10 millions for the second quarter 2018, compare to break-even in the same quarter a year before. Manitowoc Co Inc also emphasized it's improving profit margins, where net margin rose to 1.96% in second quarter 2018, and operating margin edged up to 4.87%. 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 October 29, 2018.
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Manitowoc Co Inc reported first quarter 2018 earnings

Manitowoc Co Inc reported forth quarter 2017 earnings

Manitowoc Co Inc reported third quarter 2017 earnings

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