---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-015504"
form_type: "8-K"
ticker: "MTW"
cik: "0000061986"
company_name: "MANITOWOC CO INC"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:39:53.989985+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Manitowoc Q4 net loss $0.23/sh, adj EPS $0.09; 2024 adj EBITDA guidance $150M-$180M

## Summary
- Q4 net sales $595.8M, down 4.2% YoY; net loss $7.9M ($0.23/sh); adj net income $3.4M ($0.09/sh).
- Q4 adj EBITDA $36.5M, down 29.1% YoY; orders $475.7M, down 32.8% YoY.
- Full-year 2023 net sales $2,227.8M (+9.6% YoY); adj EPS $1.52 vs $1.06 prior year.
- FY 2024 guidance: Adj EBITDA $150M-$180M, adj EPS $0.95-$1.55, free cash flow $30M-$60M.
- CEO says European tower crane market expected to remain challenging in 2024.

## SEC filing metadata
- accession: 0000950170-24-015504
- form_type: 8-K
- ticker: MTW
- cik: 0000061986
- company_name: MANITOWOC CO INC
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61986/000095017024015504/0000950170-24-015504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61986/000095017024015504/mtw-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-015504
- JSON: https://secwatch.observer/filing/0000950170-24-015504.json
- Plain text: https://secwatch.observer/filing/0000950170-24-015504.txt

## Key facts
- Earnings Releases
  MANITOWOC CO INC reported fourth quarter and year-ended December 31, 2023 results: revenue $595.8 million, net income net loss of $7.9 million, or $0.23 per diluted share. Guidance initiated.
  - Period: fourth quarter and year-ended December 31, 2023
  - Revenue: $595.8 million
  - Net income: net loss of $7.9 million, or $0.23 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Exhibit 99.1 The Manitowoc Company Reports Fourth-Quarter and Full-Year 2023 Financial Results and Full-Year 2024 Guidance Fourth-Quarter 2023 Highlights • Net sales of $595.8 million • Adjusted EBITDA (1) of $36.5 million, margin percentage of 6.1% • Net cash provided by operating activities of $39.8 million, free cash flows (1) of $22.3 million Full-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/61986/000095017024015504/0000950170-24-015504-index.htm
- Earnings Releases
  MANITOWOC CO INC reported Full-year 2023 results: revenue $2,227.8 million, net income adjusted net income (1) was $54.5 million, or $1.52 per diluted share. Guidance initiated.
  - Period: Full-year 2023
  - Revenue: $2,227.8 million
  - Net income: adjusted net income (1) was $54.5 million, or $1.52 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Full-year 2023 net sales increased 9.6% year-over-year to $2,227.8 million and were favorably impacted by $15.5 million from changes in foreign currency exchange rates. Full-year 2023 adjusted net income (1) was $54.5 million, or $1.52 per diluted share, an increase of $16.7 million or $0.46 per diluted share from the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61986/000095017024015504/0000950170-24-015504-index.htm

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