secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000950170-22-007066
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017022007066/0000950170-22-007066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017022007066/mtw-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007066

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