MTW

The Manitowoc Company Announces Upcoming Change in its Board of Directors

Retrieved on: 
Friday, March 22, 2024
Machine Tools, Metalworking & Metallurgy, Automotive Manufacturing, Other Construction & Property, Manufacturing, Construction & Property, Other Manufacturing, Machinery, The Manitowoc Company, MTW, Growth, Acquisition, Oshkosh Corporation

The Manitowoc Company, Inc. (NYSE: MTW) announced today that board member John C. Pfeifer has chosen not to stand for reelection to the Company’s Board of Directors; therefore, his term will end at the May 7, 2024 annual meeting of shareholders.

Key Points: 
  • The Manitowoc Company, Inc. (NYSE: MTW) announced today that board member John C. Pfeifer has chosen not to stand for reelection to the Company’s Board of Directors; therefore, his term will end at the May 7, 2024 annual meeting of shareholders.
  • First appointed to the Manitowoc board in 2016, as the President and Chief Executive Officer of Oshkosh Corporation Mr. Pfeifer brought expert and deep operational experience and advice from the machinery industry.
  • He was instrumental in shaping Manitowoc’s strategy for growth in envisioning Manitowoc’s strategy shift from a solely product-focused company to being more service-oriented.
  • “John brought sage and invaluable advice that was instrumental in steering the successful Manitowoc that it is today.

New Third Party Research Finds Leading Preventive, Proactive Student Mental Health Program Results In Academic Improvements In Students

Retrieved on: 
Thursday, March 21, 2024
School counselor, Achievement Medal, School, Mathematics, Growth, NWEA, Grand Traverse, ELA, Empathy, Evaluation, Social problem-solving, Research, Experiential learning, Student, Social, MTW, Curriculum, Research report, Language, Nursing

BROOKLYN, N.Y., March 21, 2024 /PRNewswire-PRWeb/ -- A recent evaluation by an external research team explored the impact of Move This World's Tier 1 curriculum on academic achievement and social and emotional skills. The quasi experimental study evaluated 14 districts encompassing 27 schools and 4,233 students in Michigan in the 2022-2023 school year and found the following:

Key Points: 
  • New compelling evidence finds that Move This World enhances academic performance and social and emotional competencies among students.
  • BROOKLYN, N.Y., March 21, 2024 /PRNewswire-PRWeb/ -- A recent evaluation by an external research team explored the impact of Move This World's Tier 1 curriculum on academic achievement and social and emotional skills.
  • Move This World's Social-Emotional Learning (SEL) curriculum is more than just a program.
  • Participating schools assessed students' social and emotional competencies and academic achievement at the beginning and end of the 2022-23 school year, following the implementation of the Move This World program.

The Manitowoc Company to Attend JPMorgan High Yield and Leveraged Finance Conference

Retrieved on: 
Tuesday, February 20, 2024
Machine Tools, Metalworking & Metallurgy, Engineering, Other Construction & Property, Manufacturing, Construction & Property, Machinery, The Manitowoc Company, MTW, Conference

The Manitowoc Company, Inc. (NYSE: MTW) announced today that its management will participate in the JP Morgan High Yield and Leveraged Finance Conference on Monday, February 26, 2024.

Key Points: 
  • The Manitowoc Company, Inc. (NYSE: MTW) announced today that its management will participate in the JP Morgan High Yield and Leveraged Finance Conference on Monday, February 26, 2024.
  • A slide presentation will be available on The Manitowoc Company website at http://ir.manitowoc.com in the “Events & Presentations” section.

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2023 Financial Results and Full-Year 2024 Guidance

Retrieved on: 
Wednesday, February 14, 2024
Engineering, Other Construction & Property, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Machinery, The Manitowoc Company, MTW, Pharmaceutical industry

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.

Key Points: 
  • 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.
  • Net sales in the fourth quarter decreased 4.2% year-over-year to $595.8 million and were favorably impacted by $9.0 million from changes in foreign currency exchange rates.
  • “I am pleased with the overall performance in 2023 where we delivered strong financial results and continued to execute on our CRANES+50 strategy.
  • Our full-year 2024 guidance is as follows:
    The Manitowoc Company will host a conference call for security analysts and institutional investors to discuss its fourth-quarter and full-year 2023 earnings results on Thursday, February 15, 2024, at 10:00 a.m.

The Manitowoc Company Schedules Fourth-quarter 2023 and Full-year 2023 Earnings Announcement and Conference Call

Retrieved on: 
Wednesday, January 31, 2024
Automotive Manufacturing, Other Construction & Property, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Machinery, The Manitowoc Company, MTW

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.

Key Points: 
  • 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.
  • 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.

Ampace Unleashes Latest Power Station Andes 600 Pro

Retrieved on: 
Friday, January 19, 2024
CATL, Research, Lithium iron phosphate, DSP, ATL, Digital signal processor, Digital signal, Name, AC, PCS, Battery management system, Bluetooth, BMS, Silicon carbide, Amazon, Engineering, MTW, Cell, Mobile phone

NEW YORK, Jan. 19, 2024 /PRNewswire/ -- Ampace Technology, a globally renowned innovative new energy technology company, is excited to announce the launch of its latest portable power station - the Ampace Andes 600 Pro. This revolutionary product encapsulates Ampace's relentless pursuit for powerful performance, intelligent user experience, and human-centered design.

Key Points: 
  • Setting a New Standard for Portable Power with Automotive-Grade Battery Cell Technology, Powered by the World's Leading Battery Giants
    NEW YORK, Jan. 19, 2024 /PRNewswire/ -- Ampace Technology, a globally renowned innovative new energy technology company, is excited to announce the launch of its latest portable power station - the Ampace Andes 600 Pro.
  • The Andes 600 Pro is also equipped with the most advanced Battery Management System (BMS) developed by Ampace.
  • To enhance the user experience, users can take advantage of the Ampace mobile app to effortlessly control the Andes 600 Pro.
  • The Ampace Andes 600 Pro will be available in the US on Amazon Store and Ampace Website at 449 USD.

Manitowoc Board of Directors Elects Ryan M. Gwillim as New Director

Retrieved on: 
Tuesday, January 16, 2024
Machine Tools, Metalworking & Metallurgy, Engineering, Other Construction & Property, Manufacturing, Construction & Property, Machinery, Brunswick Corporation, Associate, University, Corporate lawyer, Baker, Champaign–Urbana metropolitan area, Lifting, The Manitowoc Company, Mergers and acquisitions, Security (finance), MTW, Management

The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Ryan M. Gwillim has been elected to the Company’s board of directors effective immediately.

Key Points: 
  • The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Ryan M. Gwillim has been elected to the Company’s board of directors effective immediately.
  • Additionally, the Company announced an increase in the size of the Board from nine to ten directors.
  • Mr. Gwillim is a senior executive with over 20 years of experience in finance and law.
  • “The Manitowoc Board of Directors is very pleased to have Ryan join the Board.

Manitowoc Named One of “America’s Most Responsible Companies” for Second Consecutive Year

Retrieved on: 
Monday, December 18, 2023
Construction & Property, Engineering, Automotive Manufacturing, Professional Services, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Environmental, Social and Governance (ESG), Other Construction & Property, Social responsibility, The Manitowoc Company, Lifting, MTW, Sustainability, Corporate social responsibility, Perception, ESG

The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America’s Most Responsible Companies for the second consecutive year by Newsweek.

Key Points: 
  • The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America’s Most Responsible Companies for the second consecutive year by Newsweek.
  • This prestigious award is presented by Newsweek and Statista Inc., the statistics portal and industry-ranking provider.
  • The awards list was announced on December 6, 2023, and can be viewed on Newsweek's website .
  • To view Newsweek’s listing of America’s Most Responsible Companies, click here , or to learn more about ESG at Manitowoc click here .

The Manitowoc Company to Present at Investor Conferences in November 2023

Retrieved on: 
Friday, November 3, 2023
Machine Tools, Metalworking & Metallurgy, Engineering, Automotive Manufacturing, Other Construction & Property, Manufacturing, Construction & Property, Machinery, The Manitowoc Company, Conference, Bank, NYSE, Webcast, MTW, UBS

The Manitowoc Company, Inc. (NYSE: MTW) announced today that its management will participate in three upcoming investor conferences:

Key Points: 
  • The Manitowoc Company, Inc. (NYSE: MTW) announced today that its management will participate in three upcoming investor conferences:
    Baird 2023 Global Industrial Conference on Tuesday, November 7, 2023 with a fireside chat at 3:55 p.m.
  • ET (2:55 p.m. CT)
    Bank of America Leveraged Finance Conference on Tuesday, November 28 and Wednesday, November 29, 2023 (morning) with a fireside chat at 10:50 a.m.
  • ET (9:50 a.m. CT) on November 29
    UBS Industrials Summit on Wednesday, November 29, 2023 (afternoon) and Thursday, November 30, 2023
    The fireside presentations will be available by webcast on The Manitowoc Company website at http://ir.manitowoc.com in the “Events & Presentations” section.
  • A replay of the webcast will also be available at the same location on the website.

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
Engineering, Other Construction & Property, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Machinery, The Manitowoc Company, Manitowoc, EBITDA, Share repurchase, NYSE, MTW, Cryptocurrency

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.