Manitowoc Q1 net sales up 10.7% to $508.3M, adj. EBITDA up 44.6% to $45.1M

MANITOWOC CO INC

2023-Q1 EPS reported $0.46 revenue$508,300,000

Net sales $508.3M (+10.7% YoY); diluted EPS $0.46 (up from $0.09). Orders $524.8M (+9%).
Adjusted EBITDA $45.1M (margin 8.9%), up 44.6% vs prior year; non-new machine sales $151.0M (+16.7%).
Backlog $1,075.7M, up $19.7M from Dec-2022; free cash flow $4.8M vs -$3.1M prior year.
Management reaffirms guidance but notes European tower crane slowdown and caution on interest rates.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MANITOWOC CO INC reported the three months ended March 31, 2023 results: revenue $508.3 million, net income $16.5 million, EPS $0.46 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $508.3 million
Net income: $16.5 million
EPS: $0.46 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

by reference. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 The Manitowoc Company Reports First-Quarter 2023 Financial Results First-Quarter 2023 Highlights • Net sales of $508.3 million, up 10.7% year-over-year • Diluted net income per share of $0.46, up $0.37 year-over-year • Adjusted EBITDA (1) of $45.1 million, margin percentage of 8.9% • Non-new machine

View on SEC.gov

Browse all earnings releases →

MANITOWOC CO INC filing history →

Source: SEC EDGAR

accession 0000950170-23-016721

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.