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

EARNINGS REPORT by CSIMarket

Despite Surge in Sales Profitability not Reached


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Manitowoc Co Inc announced first quarter 2018 operating income of $1.7 millions, revenue expected to reach $3,770 millions, for the Year



Manitowoc Co Inc announced in the first quarter 2018 surge in Sales by 26.26 % to $386 millions from the same quarter a year ago, but it has increased losses at $-0.28 per share.

Sequentially eps fell from $0.25 per share and Sales fell by -19.81 % from $482 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%.
In the first quarter 2018 Manitowoc Co Inc reported net loss of $-10 million, instead of deficit of $-36 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 2018, Construction & Mining Machinery company, also faced declines in Crane segment backlog -11.82 %.

Manitowoc Co Inc is expected to report next financial results on July 30, 2018.
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Manitowoc Co Inc reported forth quarter 2017 earnings

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