earnings
confidence high
sentiment negative
materiality 0.80
Manitowoc Q3 net loss $7.0M ($0.20/sh); orders -20% to $424.7M; FY EBITDA guided low
MANITOWOC CO INC
2024-Q3 EPS reported
-$0.03
revenue$1,582,000,000
- Net loss of $7.0M ($0.20 diluted loss); adjusted net loss $2.9M ($0.08).
- Orders of $424.7M, down 20% YoY; backlog $742.1M.
- Net sales flat at $524.8M; adjusted EBITDA $26.2M, down 21.3% YoY.
- Non-new machine sales trailing 12 months reached $617.5M, a record high.
- Full-year adjusted EBITDA expected at low end of prior guidance.