secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000950170-23-003300
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017023003300/0000950170-23-003300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017023003300/mtw-20230220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003300

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