Manitowoc Q4 sales up 24.9% to $621.6M; adjusted EBITDA up 50.6%; reports $4.10 diluted loss on $171.9M impairment

MANITOWOC CO INC

2022-FY EPS reported -$3.51 revenue$2,032,500,000

Q4 net sales $621.6M (+24.9% YoY); adjusted EBITDA $51.5M (+50.6%); adjusted EPS $0.74 vs $0.26 prior year.
Full-year net sales $2,032.5M (+18.2%); adjusted EBITDA $143.1M (+23.4%); adjusted EPS $1.06.
Q4 includes non-cash impairment charge of $171.9M ($4.89 per share) leading to GAAP loss of $4.10 per share.
Q4 orders $708M (+15.1%); backlog $1,056M; non-new machine sales grew >20% YoY.
2023 guidance: net sales $2.0-2.1B, adjusted EBITDA $130-160M, adjusted EPS $0.35-1.15.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MANITOWOC CO INC reported financial results for the fourth quarter and year-ended December 31, 2022.

Period: the fourth quarter and year-ended December 31, 2022
Result: reported results

Exact text from the filing

On February 20, 2023, the Manitowoc Company, Inc. (the “Company”) issued a press release describing its results of operations for the fourth quarter and year-ended December 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-003300

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