secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057505
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manitowoc Q3 net sales up 14.6% to $520.9M; guides FY23 EBITDA $160-180M; authorizes $35M buyback
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- Net sales $520.9M (up 14.6% YoY); net income $10.4M ($0.29 diluted EPS).
- Adjusted EBITDA $33.3M (6.4% margin); adjusted net income $8.0M ($0.22 EPS).
- Orders $531.2M (up 12.5% YoY); backlog $1.03B flat vs June 30.
- Full-year 2023 guidance: net sales $2.175-2.225B; adjusted EBITDA $160-180M.
- Board authorized $35M share repurchase program, no expiration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017023057505/0000950170-23-057505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017023057505/mtw-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057505

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