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

EARNINGS REPORT by CSIMarket

Break-even, Sales Weak


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Manitowoc Co Inc announced second quarter 2017 operating income of $9.9 millions, revenue expected to reach $3,770 millions, for the Year



For the second quarter 2017 Manitowoc Co Inc reached break-even of $0.00 per share compare to $-0.04 a year ago and from $-0.26 per share from the previous quarter.

Sales declined in double digits by -13.79 % to $395 millions from $458 millions in the same quarter a year ago and sequentially Sales improved by 29.04 % from $306 millions.


Sales fell at Cranes or related products -23.01%, while revenue growth was achieved at Foodservice equipment +1.97%.
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 second quarter 2017, with $1 millions, an increase from net loss of $-5 millions in the second quarter 2017 a year ago. Manitowoc Co Inc also emphasized it's improving profit margins, where net margin rose to 0.13% in second quarter 2017, and operating margin edged up to 2.51%. 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 30, 2017.
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Manitowoc Co Inc reported first quarter 2017 earnings

Manitowoc Co Inc reported forth quarter 2016 earnings

Manitowoc Co Inc reported third quarter 2016 earnings

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