Manitowoc Q3 net sales $404.5M (+13.8% YoY); net loss $0.2M, adjusted EPS $0.06; FY guidance updated

MANITOWOC CO INC

2021-Q3 EPS reported $0.41 revenue$1,222,400,000

Q3 net sales $404.5M (up 13.8% YoY); orders $535.2M (+37.3%).
Net loss $(0.2)M or $(0.01)/share; adjusted net income $2.2M ($0.06/share).
Adjusted EBITDA $20.0M, down $4.8M YoY due to inflation and supply chain issues.
Backlog $890.6M (+91.6% YoY); acquired H&E crane business and Aspen Equipment.
FY2021 guidance: revenue ~$1.725-1.775B, adjusted EBITDA ~$100-110M.

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