Manitowoc Company

The Manitowoc Co., Inc. provides engineered lifting solutions. The firm designs, manufactures, markets and supports product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, boom trucks and industrial cranes under the Grove, Potain, Manitowoc, National Crane, Shuttlelift and Manitowoc Crane Care brand names. It operates through the following segments: Americas, EURAF, and MEAP. The Americas segment includes the North America and South America continents. The EURAF segment includes the Europe and Africa continents, excluding the Middle East region. The MEAP segment includes the Asia and Australia continents and the Middle East region. The company was founded in 1902 and is headquartered in Milwaukee, WI.

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Manitowoc surpasses Q4 targets amidst market challenges and opportunities

Manitowoc's Q4 2022 performance exceeded targets with flat orders.
The company faces challenges from inflation, supply chain constraints, and market trends.
Opportunities lie in potential crane renaissance and expanding into new markets.
Strategic focus on ESG initiatives and non-new machine sales shows strength.

Manitowoc Company excels in Q1 2023, eyes growth opportunities

Manitowoc Company's Q1 2023 performance was strong, driven by revenue growth and margin improvement. While facing challenges from global market dynamics and interest rate sensitivity, the company remains focused on community impact and continuous improvement. Opportunities in the Middle East, Europe, and North America offer avenues for growth and expansion.

Manitowoc reports robust Q2 earnings, eyes Middle East opportunities

Manitowoc Company's Q2 2023 performance reflects strong sales and EBITDA growth, driven by strategic initiatives. While facing challenges in Europe, the company is optimistic about long-term prospects and focused on capital efficiency.

Manitowoc Company posts strong Q3 results, eyes global expansion

Manitowoc Company's Q3 performance reflects robust sales, EBITDA growth, and strategic expansion efforts, underpinned by strong order intake and backlog.
While facing challenges in Europe, the company's long-term aspirations, updated guidance, and focus on services and non-new machine sales signal a positive outlook.
By capitalizing on growth opportunities in new regions and pursuing M&A activities, Manitowoc Company aims to achieve its ambitious sales targets and drive sustainable growth.

Manitowoc Company reports strong 2023 performance amidst market challenges

Manitowoc Company's 2023 performance demonstrated growth in sales and adjusted EBITDA, driven by operational improvements. While facing challenges in the European market, the company remains focused on leveraging strengths and seizing opportunities in key regions for continued success in 2024.

Manitowoc reports mixed Q1 performance, focuses on aftermarket growth

Manitowoc Company's Q1 2024 performance reflects a mix of strengths and challenges across different markets. Financially, the company faced a decrease in net sales and EBITDA, but saw growth in orders. Management's focus on innovation, aftermarket growth, and inventory management indicates a proactive approach to navigating market conditions.
Despite facing challenges in the tower crane market and financial metrics, Manitowoc remains optimistic about opportunities in various regions. Analyst inquiries highlighted areas for improvement, which management acknowledged and aims to address. The company's emphasis on strategic priorities and guidance reaffirm its commitment to long-term growth.

Manitowoc Company (MTW) faces mixed market performance in Q3 2024

Manitowoc Company (MTW) navigates through a mixed market landscape in Q3 2024, with a focus on continuous improvement strategies and addressing short-term margin challenges. Opportunities exist in Europe for growth, while challenges persist in Asia Pacific.

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The Manitowoc Co., Inc. engages in engineered lifting solutions. The firm designs, manufactures, markets, and supports product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, boom trucks and industrial cranes under the Grove, Potain, Manitowoc, National Crane, Shuttlelift and Manitowoc Crane Care brand names. It operates through the following geographical segments: Americas, Europe and Africa, and Middle East and Asia Pacific. The Americas segment includes the North America and South America continents. The Europe and Africa segment refers to the Europe and Africa continents, excluding the Middle East region. The Middle East and Asia Pacific segment focuses on the Asia and Australia continents and the Middle East region. The company was founded in 1902 and is headquartered in Milwaukee, WI.

Manitowoc's (MTW) latest deal will expand its direct-to-customer footprint in the United States and provide aftermarket business services to a diversified end market.

Manitowoc (MTW) Wraps Up Aspen Acquisition for $51 Million

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that it has completed the acquisition of substantially all the assets of Aspen Equipment Company (“Aspen”), a diversified crane dealer and a leading final-stage, purpose-built work truck upfitter for approximately $51 million. “We are pleased to welcome the Aspen team to the Manitowoc family. Our combined businesses pr

Manitowoc Completes Acquisition of Aspen Equipment

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Manitowoc's (MTW) latest deal helps expand its direct-to-customer footprint in the United States.

Manitowoc (MTW) to Buy Aspen, Expand Aftermarket Services

MILWAUKEE--(BUSINESS WIRE)--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 substantially all the assets of Aspen Equipment, Co. (“Aspen”), a diversified crane dealer and a leading final-stage, purpose-built work truck upfitter for approximately $51 million. The transaction is expected to close in September 2021 and is subject to custo

Manitowoc Agrees to Acquire Aspen Equipment

Manitowoc (MTW) is well-poised for growth on the back of its improving order levels and product innovation.

Manitowoc (MTW) Soars 99% YTD: Will the Rally Continue?

The Manitowoc Company's (MTW) CEO Aaron Ravenscroft on Q2 2021 Results - Earnings Call Transcript

Manitowoc (MTW) reports solid second-quarter 2021 on improved demand. While this momentum will continue in 2021, it will likely be negated by higher input costs, supply chain shortages, and skilled labor constraints.

Manitowoc (MTW) Q2 Earnings Beat Estimates on Solid Demand

The Manitowoc Company, Inc. (MTW) delivered earnings and revenue surprises of 566.67% and 24.04%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

The Manitowoc Company, Inc. (MTW) Q2 Earnings and Revenues Beat Estimates

MILWAUKEE--(BUSINESS WIRE)--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 exchang

The Manitowoc Company Reports Second-Quarter 2021 Results

Manitowoc Cranes recently announced the acquisition of crane assets from H&E Equipment. The acquisition adds less cyclical, higher-margin revenue streams, which should further de-risk the business.

Manitowoc: H&E Equipment Acquisition Is A Positive Step

The Manitowoc Company, Inc. (MTW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Manitowoc Company, Inc. (MTW) Earnings Expected to Grow: Should You Buy?

MILWAUKEE--(BUSINESS WIRE)--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 conferen

The Manitowoc Company Schedules Second-quarter 2021 Earnings Announcement and Conference Call

The stock price of Manitowoc Company Inc (NYSE: MTW) increased 9.3% today. This is why it happened.

MTW Stock Increased 9.3%: Why It Happened

H&E Equipment Services

H&E Equipment Services, Inc. (NASDAQ: HEES) agreed to sell its crane business to a wholly-owned subsidiary of Manitowoc Company Inc (NYSE: MTW) for $130 million in cash. H&E's crane business operates with eleven full-service branch locations.

H&E Equipment Divests Crane Business To Manitowoc For $130M

MILWAUKEE--(BUSINESS WIRE)--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 cas

Manitowoc to Acquire the Crane Business of H&E Equipment Services

BATON ROUGE, La.--(BUSINESS WIRE)---- $HEES--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 th

H&E Equipment Services Announces Sale of Crane Business to The Manitowoc Company for $130 Million

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Manitowoc Co. said late Wednesday that its network has been been hobbled by what it calls a "cybersecurity incident."

Manitowoc computer systems hobbled by ‘cybersecurity incident'

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that the Company experienced a cybersecurity incident, resulting in a systems outage. Upon identifying the issue, the Company promptly engaged an industry-leading third-party information technology firm and forensics specialist and legal counsel to assist in the investigation. Federal law enforcement has been notified,

Manitowoc Identifies a Cybersecurity Incident on its Network

The Manitowoc Company, Inc. (MTW) reported earnings 30 days ago. What's next for the stock?

The Manitowoc Company, Inc. (MTW) Up 9.6% Since Last Earnings Report: Can It Continue?

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will present at the Stifel Cross Sector Insight Conference on Thursday, June 10, 2021. The presentation is scheduled from 1:20 to 1:50 p.m. ET. A link to the live audio webcast of the presentation and presentation materials can be accessed from Manitowoc's Investor Relations websit

The Manitowoc Company to Present at Stifel Virtual Cross Sector Insight Conference on Thursday, June 10, 2021

Manitowoc's (MTW) reported a loss in first-quarter 2021. However, the company has witnessed improving order and backlog levels.

Manitowoc (MTW) Shares Up 6% Despite Reporting Q1 Loss

The Manitowoc Company's (MTW) CEO Aaron Ravenscroft on Q1 2021 Results - Earnings Call Transcript

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