secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000950170-23-016721
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017023016721/0000950170-23-016721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017023016721/mtw-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016721

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