secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000950170-23-039107
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manitowoc Q2 revenue up 21% to $603M; raises FY2023 adjusted EBITDA guidance to $150-180M
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- Net sales $602.8M (+21.2% YoY); adjusted EBITDA $60.4M (10.0% margin), up 65.9% YoY.
- Net income $20.2M ($0.57 diluted EPS); adjusted net income $26.6M ($0.75 diluted EPS).
- Orders $550.5M (+26.8% YoY); backlog $1,024.6M at June 30, 2023.
- Non-new machine sales $150.4M, up 8.1% YoY, contributing to CRANES+50 strategy.
- Raised FY2023 guidance: net sales $2.1-2.2B; adj. EBITDA $150-180M; adj. diluted EPS $1.10-1.70.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017023039107/0000950170-23-039107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017023039107/mtw-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039107

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