Manitowoc Q1 sales $495M (-2.6%), adj EPS $0.14; orders up 5.6%

MANITOWOC CO INC

2024-Q1 EPS reported $0.12 revenue$495,100,000

Net sales $495.1M, down 2.6% YoY; diluted EPS $0.12, adj EPS $0.14.
Adjusted EBITDA $31.3M, down 30.6% YoY; margin 6.3%.
Orders $554.1M, up 5.6% YoY; backlog $971.3M.
CEO: Q1 performance in line; focus on reducing inventory and generating free cash flow.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MANITOWOC CO INC reported the three months ended March 31, 2024 results: revenue $495.1 million, net income $4.5 million, EPS $0.12 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $495.1 million
Net income: $4.5 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported first-quarter net income of $4.5 million, or $0.12 per diluted share. First-quarter adjusted net income (1) was $5.1 million, or $0.14 per diluted share. Net sales in the first quarter decreased 2.6% year-over-year to $495.1 million.

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Source: SEC EDGAR

accession 0000950170-24-054535

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