MTW - Earnings announcements

First-Quarter 2026 Highlights Orders of $645.7 million, up 5.8% year-over-year. Ending backlog of $939.9 million Net sales of $494.6 million, up 5.0% year-over-year Non-new machine sales of $165.7 million, up 3.2% year-over-year Net cash provided by operating activities of $27.4 million, free cash flows of $19.2 million The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported a first-quarter net loss of $6.0 million, or $(0.17) per diluted share. First-quarter adjusted net loss(1) was $4.6 million or ($0.13) per diluted share. Orders in the first quarter were $645.7 million, a 5.8% increase from the prior year, resulting in backlog of $939.9 mill

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first-quarter 2026 results on Tuesday, May 5, 2026, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 6, 2026, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. ("Manitowoc" or the "Company") was founded in 1902, and is headquartered in Milwaukee, Wisconsin, Unit

Fourth-Quarter 2025 Highlights Orders of $803.4 million, up 55.8% year-over-year Net sales of $677.1 million, up 13.6% year-over-year Non-new machine sales of $190.9 million, up 14.0% year-over-year Net cash provided by operating activities of $91.1 million, free cash flow of $78.3 million Full-Year 2025 Highlights Net sales of $2,240.9 million, up 2.9% year-over-year Non-new machine sales of $690.5 million, up 9.8% year-over-year Backlog of $793.5 million, up 22.0% year-over-year The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported fourth-quarter net income of $7.0 million, or $0.19 per diluted share. Fourth-quarter adjusted net in

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its fourth-quarter 2025 and full-year 2025 results on Monday, February 9, 2026, after the close of market. The Company will host a conference call to discuss its results and outlook on Tuesday, February 10, 2026, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-qu

Third-Quarter 2025 Highlights Orders of $491.4 million, up 15.7% year-over-year Net sales of $553.4 million, up 5.4% year-over-year Net income of $5.0 million, up $12.0 million year-over-year Non-new machine sales of $177.4 million, up 4.9% year-over-year The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported third-quarter net income of $5.0 million, or $0.14 per diluted share. Orders in the third quarter were $491.4 million, a 15.7% increase from the prior year, resulting in backlog of $666.5 million. Net sales in the third quarter were $553.4 million, an increase of 5.4% from the prior year, and included non-new machine sales of $177.4 million, a

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its third-quarter 2025 results on Wednesday, November 5, 2025, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, November 6, 2025, at 8:00 a.m. ET (7:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-fo

Second-Quarter 2025 Highlights Orders of $453.9 million, up 6.0% year-over-year Net sales of $539.5 million, down 4.0% year-over-year Non-new machine sales of $161.6 million, up 9.7% year-over-year The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported second-quarter net income of $1.5 million, or $0.04 per diluted share. Second-quarter adjusted net income(1) was $2.8 million, or $0.08 per diluted share. Orders in the second quarter were $453.9 million, a 6.0% increase from the prior year, resulting in backlog of $729.3 million. Net sales in the second quarter were $539.5 million a decrease of 4.0% from the prior year and included non-new machin

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its second-quarter 2025 results on Thursday, August 7, 2025, after the close of market. The Company will host a conference call to discuss its results and outlook on Friday, August 8, 2025, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused

First-Quarter 2025 Highlights Orders of $610.3 million, up 10.1% year-over-year Net sales of $470.9 million, down 4.9% year-over-year Non-new machine sales of $160.6 million, $644.5 million on a trailing twelve-month basis Net cash provided by operating activities of $12.9 million; free cash flows(1) of $2.1 million The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported first-quarter orders of $610.3 million, a 10.1% increase from the prior year driven by a 68.3% increase in new machine orders in the Company's European tower crane business and a 23.8% increase in the Company's Americas segment. The Company ended the quarter with a backlog of $797.8 mi

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first-quarter 2025 results on Tuesday, May 6, 2025, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 7, 2025, at 11:00 a.m. ET (10:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused produc

Fourth-Quarter 2024 Highlights Net sales of $596.0 million Net income of $56.7 million; Adjusted EBITDA(1) of $34.9 million Net cash provided by operating activities of $110.8 million, free cash flows(1) of $99.5 million Full-Year 2024 Highlights Net sales of $2,178.0 million Non-new machine sales of $629.1 million, an increase of $16.5 million year-over-year Net income of $55.8 million; Adjusted EBITDA(1) of $128.4 million The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported fourth-quarter net income of $56.7 million, or $1.59 per diluted share. Fourth-quarter adjusted net income(1) was $3.7 million or $0.10 per diluted share. Order

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its fourth-quarter 2024 and full-year 2024 results on Wednesday, February 12, 2025, after the close of market. The Company will host an earnings call to discuss its results and outlook on Thursday, February 13, 2025, at 10:00 a.m. ET (9:00 a.m. CT). The earnings call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, cu

The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported a third-quarter net loss of $7.0 million, or $0.20 per diluted share. Third-quarter adjusted net loss(1) was $2.9 million, or $0.08 per diluted share. Orders in the third quarter were $424.7 million, a 20.0% decrease from the prior year, resulting in backlog at the end of the third quarter of $742.1 million. Net sales in the third quarter were flat year-over-year at $524.8 million, and adjusted EBITDA(1) was $26.2 million, a decrease of 21.3% from the prior year. "During the quarter, we made good progress on our CRANES+50 strategy; non-new machine sales reached a new high of $617.5 million for the trailin

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its third-quarter 2024 results on Wednesday, October 30, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, October 31, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focu

Second-Quarter 2024 Highlights Net sales of $562.1 million, down 6.8% year-over-year Adjusted EBITDA(1) of $36.0 million, margin percentage of 6.4% Adjusted return on invested capital(1) of 7.1% The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported second-quarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjusted net income(1) was $8.8 million, or $0.25 per diluted share. Net sales in the second quarter decreased 6.8% year-over-year to $562.1 million and were unfavorably impacted by $2.7 million from changes in foreign currency exchange rates. Second quarter adjusted EBITDA(1) was $36.0 million, a decrease of $24.4 mi

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its second-quarter 2024 results on Wednesday, August 7, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, August 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focu

First-Quarter 2024 Highlights Net sales of $495.1 million, down 2.6% year-over-year Diluted net income per share of $0.12, $0.14 on an adjusted basis(1) Adjusted EBITDA(1) of $31.3 million, margin percentage of 6.3% Adjusted return on invested capital(1) of 9.5% The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported first-quarter net income of $4.5 million, or $0.12 per diluted share. First-quarter adjusted net income(1) was $5.1 million, or $0.14 per diluted share. Net sales in the first quarter decreased 2.6% year-over-year to $495.1 million. First-quarter adjusted EBITDA(1) was $31.3 million, a decrease of $13.8 million or 30.6% from the pri

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first-quarter 2024 results on Tuesday, May 7, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused prod

Fourth-Quarter 2023 Highlights Net sales of $595.8 million Adjusted EBITDA(1) of $36.5 million, margin percentage of 6.1% Net cash provided by operating activities of $39.8 million, free cash flows(1) of $22.3 million Full-Year 2023 Highlights Net sales of $2,227.8 million Adjusted EBITDA(1) of $175.3 million, margin percentage of 7.9% Diluted net income per share of $1.09, $1.52 on an adjusted basis(1) Adjusted return on invested capital(1) of 11.2% The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported a fourth-quarter net loss of $7.9 million, or $0.23 per diluted share. Fourth-quarter adjusted net income(1) was $3.4 million or $0.

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its fourth-quarter 2023 and full-year 2023 results on Wednesday, February 14, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, February 15, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing hi

Third-Quarter 2023 Highlights Net sales of $520.9 million, up 14.6% year-over-year Net income of $10.4 million, an increase of $8.1 million year-over-year Adjusted EBITDA(1) of $33.3 million, margin percentage of 6.4% Non-new machine sales of $154.7 million, up 21.2% year-over-year The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported third-quarter net income of $10.4 million, or $0.29 per diluted share. Third-quarter adjusted net income(1) was $8.0 million, or $0.22 per diluted share. Net sales increased 14.6% year-over-year to $520.9 million and were favorably impacted by $14.5 million from changes in foreign currency exchange rates. Non-new

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its third-quarter 2023 results on Wednesday, November 1, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, November 2, 2023, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-f

Second-Quarter 2023 Highlights Net sales of $602.8 million, up 21.2% year-over-year Adjusted EBITDA(1) of $60.4 million, margin percentage of 10.0% Non-new machine sales of $150.4 million, up 8.1% year-over-year The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported second-quarter net income of $20.2 million, or $0.57 per diluted share. Second-quarter adjusted net income(1) was $26.6 million, or $0.75 per diluted share. Net sales increased 21.2% year-over-year to $602.8 million and were favorably impacted by $3.1 million from changes in foreign currency exchange rates. Adjusted EBITDA(1) was $60.4 million, an increase of $24.0 million or 65.9% fro

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its second-quarter 2023 results on Monday, August 7, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Tuesday, August 8, 2023, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused

First-Quarter 2023 Highlights Net sales of $508.3 million, up 10.7% year-over-year Diluted net income per share of $0.46, up $0.37 year-over-year Adjusted EBITDA(1) of $45.1 million, margin percentage of 8.9% Non-new machine sales of $151.0 million, up 16.7% year-over-year The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported net income of $16.5 million, or $0.46 per diluted share. Net sales increased 10.7% year-over-year to $508.3 million and were unfavorably impacted by $11.2 million from changes in foreign currency exchange rates. Adjusted EBITDA(1) was $45.1 million, an increase of $13.9 million or 44.6% from the prior year. Orders were

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first-quarter 2023 results on Tuesday, May 2, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 3, 2023, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused prod

Fourth-Quarter 2022 Highlights Net sales of $621.6 million, up 24.9% year-over-year Adjusted EBITDA(1) of $51.5 million, up 50.6% year-over-year Diluted loss per share of $(4.10) which includes a non-cash impairment charge of $(4.89), $0.74 on an adjusted basis(1) Net cash provided by operating activities of $80.2 million, free cash flows(1) of $50.2 million Full-Year 2022 Highlights Net sales of $2,032.5 million, up 18.2% year-over-year Adjusted EBITDA(1) of $143.1 million, up 23.4% year-over-year Diluted net loss per share of $(3.51), $1.06 on an adjusted basis(1) The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc") today reported a fourth-quarter net lo

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its fourth-quarter 2022 and full-year 2022 results on Monday, February 20, 2023, at approximately 5:00 p.m. ET. The Company will host a conference call to discuss its results and outlook on Tuesday, February 21, 2023, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-

Third-Quarter 2022 Highlights Net sales of $454.7 million, up 12.4% year-over-year Net income of $2.3 million, $3.4 million on an adjusted basis Backlog of $943.4 million, up 5.9% year-over-year The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported third-quarter net income of $2.3 million, or $0.07 per diluted share. Third-quarter adjusted net income(1) was $3.4 million, or $0.10 per diluted share. Net sales in the third-quarter increased 12.4% year-over-year to $454.7 million and were unfavorably impacted by $31.6 million from changes in foreign currency exchange rates. Adjusted EBITDA(1

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its third-quarter 2022 results on Monday, November 7, 2022, after the close of market. The Company will host a conference call to discuss its results and outlook on Tuesday, November 8, 2022, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused

Second-quarter 2022 Highlights Net sales of $497.2 million, up 7.2% year-over-year Adjusted EBITDA(1) margin of 7.3% Backlog of $947.8 million, up 28.8% year-over-year The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported second-quarter net income of $15.1 million, or $0.42 per diluted share. Second-quarter adjusted net income(1) was $7.4 million, or $0.21 per diluted share. Net sales in the second-quarter increased 7.2% year-over-year to $497.2 million and were unfavorably impacted by $27.9 million from changes in foreign currency exchange rates. Adjusted EBITDA(1) was $36.4 million, a d

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its second quarter 2022 results on Thursday, August 4, 2022, after the close of market. The Company will host a conference call to discuss its results and outlook on Friday, August 5, 2022, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused pr

First-quarter 2022 Highlights Net Sales of $459.0 million, up 29.6% year-over-year Diluted net income per share of $0.09, $0.03 on an adjusted basis(1) Adjusted EBITDA(1) of $31.2 million, up $10.1 million year-over-year The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported first-quarter net income of $3.1 million, or $0.09 per diluted share. On an adjusted basis, first-quarter net income(1) was $1.0 million, or $0.03 per diluted share. Net sales in the first-quarter increased 29.6% year-over-year to $459.0 million and were unfavorably impacted by $15.8 million from changes in foreign cur

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its first quarter 2022 results on Tuesday, May 3, 2022, after the close of market. The company will host a conference call to discuss its results and outlook on Wednesday, May 4, 2022, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 119-year tradition of providing high-quality, customer-focused product

Fourth-quarter 2021 Highlights Net sales of $497.8 million Adjusted EBITDA(1) of $34.2 million Diluted net income (loss) per share of $(0.10), $0.27 on an adjusted basis(1) Full-year 2021 Highlights Net sales of $1,720.2 million Adjusted EBITDA(1) of $116.0 million Diluted net income per share of $0.31, $0.86 on an adjusted basis(1) Free cash flow of $35.8 million The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported a fourth-quarter net loss of $(3.6) million, or $(0.10) per diluted share. The results were unfavorably impacted by a $13.9 million charge due to a legal matter with

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its fourth-quarter 2021 and full-year 2021 results on Monday, February 21, 2021, at approximately 5:00 p.m. ET. The company will host a conference call to discuss its results and outlook on Tuesday, February 22, 2022, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 118-year tradition of providing high-

Net Sales of $404.5 million, up 13.8% year-over-year Orders of $535.2 million, up 37.3% year-over-year Updates full-year guidance The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported a third-quarter loss of $(0.2) million, or $(0.01) per diluted share. Third-quarter adjusted net income(1) was $2.2 million, or $0.06 per diluted share. Net sales in the third-quarter increased 13.8% year-over-year to $404.5 million and were favorably impacted by $2.7 million from changes in foreign currency exchange rates. Adjusted EBITDA(1) was $20.0 million, a decrease of $4.8 million from the prior year d

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its third-quarter 2021 results on Wednesday, November 3, 2021, after the close of market. The company will host a conference call on Thursday, November 4, 2021, at 10:00 a.m. ET (9:00 a.m. CT) to discuss its results and outlook. The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 118-year tradition of providing high-quality, customer-focu

Orders of $537.2 million Net income of $17.9 million, or $0.50 per diluted share Adjusted EBITDA(1) of $40.7 million, or 8.8% of net sales The Manitowoc Company, Inc. (NYSE:MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported second-quarter net income of $17.9 million, or $0.50 per diluted share. Second-quarter adjusted net income(1) was $21.2 million, or $0.60 per diluted share. Net sales in the second-quarter increased 41% year-over-year to $463.6 million and were favorably impacted by $21.3 million from changes in foreign currency exchange rates. Adjusted EBITDA(1) of $40.7 million, or 8.8% of net sales, increased $32.

The Manitowoc Company, Inc. (NYSE:MTW) announced today that it will release its second-quarter 2021 results on Thursday, August 5, 2021, after the close of market. The company will host a conference call on Friday, August 6, 2021, at 10:00 a.m. ET (9:00 a.m. CT) to discuss its results and outlook. The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. A replay of the conference call will also be available at the same location on the website. About The Manitowoc Company, Inc. The Manitowoc Company, Inc. was founded in 1902 and has over a 118-year tradition of providing high-quality, customer-focused pr

Accelerates Manitowoc's Growth Strategy in Key U.S. Markets The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc"), a leading global manufacturer of cranes and lifting solutions, announced today that it has entered into a definitive agreement to acquire the crane business of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES), one of the largest rental equipment companies in the U.S. Under the terms of the agreement, Manitowoc is expected to pay approximately $130 million funded by a combination of cash on hand and existing debt availability. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions and regulatory approv

Transaction supports H&E's transformation to a pure-play equipment rental company Will promote H&E's strategic focus on geographic expansion and fleet investment H&E to host conference call to discuss transaction H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") today announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. (NYSE:MTW), a leading global manufacturer of cranes and lifting solutions, for $130 million in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Act. "Th