MANITOWOC COMPANY INC (MTW) Stock News
NYSE:MTW - New York Stock Exchange, Inc. - US5635714059 - Common Stock - Currency: USD
MTW Latest News, Press Relases and Analysis
Why Is Manitowoc (MTW) Stock Rocketing Higher Today
Shares of crane and lifting equipment company Manitowoc (NYSE:MTW) jumped 21.9% in the morning session after the company reported strong fourth-quarter results that significantly exceeded analysts' EPS expectations, with EBITDA also outperforming Wall Street estimates by a wide margin. However, backlog declined notably, and revenue remained flat compared to the prior year, inline with expectations. Looking ahead, the company remains focused on growing its non-new machine sales and expanding its
Why Is Manitowoc (MTW) Stock Rocketing Higher Today
Shares of crane and lifting equipment company Manitowoc (NYSE:MTW) jumped 21.9% in the morning session after the company reported strong fourth-quarter results that significantly exceeded analysts' EPS expectations, with EBITDA also outperforming Wall Street estimates by a wide margin. However, backlog declined notably, and revenue remained flat compared to the prior year, inline with expectations. Looking ahead, the company remains focused on growing its non-new machine sales and expanding its aftermarket business, as highlighted by its recent distribution rights acquisition in the southeastern U.S. However, the backlog weakness raises concerns about future growth momentum. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.
Manitowoc (NYSE:MTW) Posts Q4 Sales In Line With Estimates
Crane and lifting equipment company Manitowoc (NYSE:MTW) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $596 million. Its non-GAAP profit of $3.70 per share was significantly above analysts’ consensus estimates.
Manitowoc (NYSE:MTW) Posts Q4 Sales In Line With Estimates
Crane and lifting equipment company Manitowoc (NYSE:MTW) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $596 million. Its non-GAAP profit of $3.70 per share was significantly above analysts’ consensus estimates.
The Manitowoc Company Reports Fourth-Quarter and Full-Year 2024 Financial Results; Provides Full-Year 2025 Guidance
The Manitowoc Company Expands its Direct-to-Customer Footprint in Georgia, North Carolina, and South Carolina
The Manitowoc Company Schedules Fourth-quarter 2024 and Full-year 2024 Earnings Announcement and Conference Call
The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process
Manitowoc Named One of ‘America’s Most Responsible Companies 2025’ for Third Consecutive Year
Manitowoc Recognized as One of 2024 “Best for Vets” Employers by Military Times
The Manitowoc Company Reports Third-Quarter 2024 Financial Results
The Manitowoc Company Schedules Third-quarter 2024 Earnings Announcement and Conference Call
The Manitowoc Company, Inc. Announces Pricing of $300 Million of Senior Secured Second Lien Notes due 2031
The Manitowoc Company, Inc. Announces Proposed Offering of $300 Million of Senior Secured Second Lien Notes due 2031
The Manitowoc Company to Present and Host 1x1 Investor Meetings at the Midwest IDEAS Conference on Thursday, August 29, 2024
The Manitowoc Company Reports Second-Quarter 2024 Financial Results; Updates Full-Year 2024 Guidance
The Manitowoc Company Schedules Second-quarter 2024 Earnings Announcement and Conference Call
