secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000950170-22-022620
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017022022620/0000950170-22-022620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017022022620/mtw-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022620

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