Manitowoc Q3 net sales up 12.4% to $454.7M; adjusted EPS $0.10

MANITOWOC CO INC

2022-Q3 EPS reported $0.58 revenue$1,410,900,000

Net income $2.3M ($0.07 diluted EPS); adjusted net income $3.4M ($0.10 diluted EPS).
Adjusted EBITDA $24.0M, up $4.0M YoY; orders $472.0M (-12.7% YoY) impacted by FX.
Backlog $943.4M (+5.9% YoY); management targets low-end of FY 2022 Adjusted EBITDA guidance.
Supply chain disruptions and inflationary pressure persist; FX headwinds of $31.6M on sales.
CEO highlights shippable backlog and carryover cranes to support Q4 performance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MANITOWOC CO INC reported three and nine months ended September 30, 2022 results: revenue $454.7 million, net income $2.3 million, EPS $0.07 per diluted share. Guidance reaffirmed.

Period: three and nine months ended September 30, 2022
Revenue: $454.7 million
Net income: $2.3 million
EPS: $0.07 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The Manitowoc Company Reports Third-Quarter 2022 Results Third-Quarter 2022 Highlights • Net sales of $454.7 million, up 12.4% year-over-year • Net income of $2.3 million, $3.4 million on an adjusted basis

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Source: SEC EDGAR

accession 0000950170-22-022620

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