secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000950170-24-015504
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017024015504/0000950170-24-015504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017024015504/mtw-20240214.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-015504

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