Manitowoc Q4 net income $56.7M; FY2024 aftermarket record $629M; FY2025 guidance $2.175-2.275B

MANITOWOC CO INC

2024-FY EPS reported $1.56 revenue$2,178,000,000

Q4 net sales $596M, flat YoY; net income $56.7M ($1.59 diluted); adjusted net income $3.7M ($0.10 diluted).
Orders $515.6M (+8.4% YoY); backlog $650.2M; adjusted EBITDA $34.9M (-4.4% YoY).
FY2024 net sales $2,178M (-2.2% YoY); non-new machine sales record $629.1M (+$16.5M YoY).
FY2025 guidance: net sales $2.175-2.275B; adjusted EBITDA $120-145M; adj. diluted EPS $0.15-0.85.
Acquired distribution rights for Carolinas and Georgia in Feb. to expand aftermarket footprint.

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