Manitowoc

The Manitowoc Company Reports Third-Quarter 2023 Financial Results; Updates Full-Year 2023 Guidance; Announces $35 million Share Repurchase Program

Retrieved on: 
Wednesday, November 1, 2023

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.

Key Points: 
  • 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.
  • 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.
  • Adjusted EBITDA(1) was $33.3 million, an increase of $9.3 million or 38.8% from the prior year.
  • Backlog increased $3.5 million to $1,028.1 million as of September 30, 2023 from $1,024.6 million as of June 30, 2023.

The Manitowoc Company Schedules Third-quarter 2023 Earnings Announcement and Conference Call

Retrieved on: 
Wednesday, October 18, 2023

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.

Key Points: 
  • 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.
  • 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.

The Manitowoc Company Reports Second-Quarter 2023 Financial Results; Raises Full-Year 2023 Guidance

Retrieved on: 
Monday, August 7, 2023

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.

Key Points: 
  • 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.
  • 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.
  • Backlog decreased $51.1 million to $1,024.6 million as of June 30, 2023 from $1,075.7 million as of March 31, 2023.
  • The Manitowoc Company will host a conference call for security analysts and institutional investors to discuss its second-quarter 2023 earnings results on Tuesday, August 8, 2023, at 10:00 a.m.

The Manitowoc Company Schedules Second-Quarter 2023 Earnings Announcement and Conference Call

Retrieved on: 
Monday, July 24, 2023

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.

Key Points: 
  • 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.
  • 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.

The Manitowoc Company Schedules First-quarter 2023 Earnings Announcement and Conference Call

Retrieved on: 
Tuesday, April 18, 2023

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.

Key Points: 
  • 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.
  • 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.

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2022 Financial Results and Full-Year 2023 Guidance

Retrieved on: 
Monday, February 20, 2023

The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported a fourth-quarter net loss of $144.1 million, or $(4.10) per diluted share, which included non-cash asset impairment charges of $171.9 million.

Key Points: 
  • The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported a fourth-quarter net loss of $144.1 million, or $(4.10) per diluted share, which included non-cash asset impairment charges of $171.9 million.
  • Net sales in the fourth quarter increased 24.9% year-over-year to $621.6 million and were unfavorably impacted by $31.3 million from changes in foreign currency exchange rates.
  • Fourth-quarter adjusted EBITDA(1) was $51.5 million, an increase of $17.3 million or 50.6% from the prior year.
  • The Manitowoc team delivered fourth-quarter revenue of over $600 million, contributing to full-year adjusted EBITDA margin of 7.0%.

The Manitowoc Company Schedules Fourth-quarter 2022 and Full-year 2022 Earnings Announcement and Conference Call

Retrieved on: 
Monday, February 6, 2023

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.

Key Points: 
  • 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.
  • The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section.

AMMO, Inc. to Host Ribbon Cutting Ceremony for the Opening of State-of-the-Art Ammunition Manufacturing Plant in Manitowoc, WI

Retrieved on: 
Thursday, September 15, 2022

The ceremony is open to the public.

Key Points: 
  • The ceremony is open to the public.
  • When: Thursday, September 22 at 12:00 p.m. CDT.
  • Media: We will offer a limited number of facility tours to credentialed media members following the ceremony.
  • Please email Victoria Welch [email protected] by September 15th if you would like to participate in one of the limited tours.

AMMO, Inc. to Host Ribbon Cutting Ceremony for the Opening of State-of-the-Art Ammunition Manufacturing Plant in Manitowoc, WI

Retrieved on: 
Thursday, September 15, 2022

The ceremony is open to the public.

Key Points: 
  • The ceremony is open to the public.
  • When: Thursday, September 22 at 12:00 p.m. CDT.
  • Media: We will offer a limited number of facility tours to credentialed media members following the ceremony.
  • Please email Victoria Welch [email protected] by September 15th if you would like to participate in one of the limited tours.

Pentair Prices $400 Million Senior Notes Offering

Retrieved on: 
Tuesday, June 28, 2022

Pentair plc (NYSE: PNR) (Pentair) announced today that Pentair Finance S. r.l.

Key Points: 
  • Pentair plc (NYSE: PNR) (Pentair) announced today that Pentair Finance S. r.l.
  • (Pentair Finance), a wholly-owned subsidiary of Pentair, priced a public offering of $400.0 million of 5.900% senior notes due 2032.
  • The notes will be fully and unconditionally guaranteed as to payment of principal and interest by Pentair.
  • Pentair Finance and Pentair intend to use the remainder of the net proceeds from the offering and the term loan facility, if any, for general corporate purposes.