Manitowoc Q1 net sales up 29.6% to $459M; expects full-year results at low end of guidance

MANITOWOC CO INC

2022-Q1 EPS reported $0.09 revenue$459,000,000

Net income $3.1M ($0.09 diluted EPS); adjusted net income $1.0M ($0.03 adjusted EPS).
Orders $481.5M (+1.7% YoY); backlog $1,033.4M (+56% YoY).
Adjusted EBITDA $31.2M, +$10.1M YoY; margin 6.8% (+80 bps).
CEO cites supply chain/logistics challenges; Ukraine crisis and China COVID measures adding pressure.
Full-year results expected at lower end of previously communicated Adjusted EBITDA guidance.

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