secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000950170-22-014773
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manitowoc Q2 net sales up 7.2% to $497.2M; orders down 19.2% YoY; maintains low-end EBITDA guidance
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- Net sales $497.2M (+7.2% YoY); net income $15.1M ($0.42 EPS); adjusted net income $7.4M ($0.21 EPS).
- Adjusted EBITDA $36.4M (7.3% margin), down $4.3M YoY; FX impact of $2.7M.
- Orders $434.0M (-19.2% YoY); backlog $947.8M (+28.8% YoY but -8.3% sequentially).
- CEO cites global economic uncertainty; maintains low-end of adjusted EBITDA guidance for 2022.
- FX unfavorably impacted sales by $27.9M, orders by $22.6M, backlog by $24.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017022014773/0000950170-22-014773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017022014773/mtw-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-014773

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer