---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016721"
form_type: "8-K"
ticker: "MTW"
cik: "0000061986"
company_name: "MANITOWOC CO INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:05:45.689382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-016721
- form_type: 8-K
- ticker: MTW
- cik: 0000061986
- company_name: MANITOWOC CO INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61986/000095017023016721/0000950170-23-016721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61986/000095017023016721/mtw-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016721
- JSON: https://secwatch.observer/filing/0000950170-23-016721.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016721.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/61986/000095017023016721/0000950170-23-016721-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.