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Manitowoc Company Inc (MTW.N)

MTW.N on New York Stock Exchange

15.32USD
14 Jun 2019
Change (% chg)

$-0.41 (-2.61%)
Prev Close
$15.73
Open
$15.61
Day's High
$15.61
Day's Low
$15.25
Volume
73,384
Avg. Vol
108,732
52-wk High
$28.08
52-wk Low
$13.25

Latest Key Developments (Source: Significant Developments)

Manitowoc Settles Action Seeking Damages For Misappropriation Of Manitowoc’S Trade Secrets
Thursday, 21 Mar 2019 04:30pm EDT 

Manitowoc Company Inc ::MANITOWOC SETTLES ACTION SEEKING DAMAGES FOR MISAPPROPRIATION OF MANITOWOC’S TRADE SECRETS.MANITOWOC COMPANY SAYS ON MARCH 19, CO AND SANY AMERICA INC AND SANY HEAVY INDUSTRY CO LTD ENTERED INTO A CONSENT DECREE.MANITOWOC CO - CO, SANY AMERICA INC AND SANY HEAVY INDUSTRY CO AGREED TO SETTLE CO'S ACTION IN U.S. DISTRICT COURT FOR EASTERN DISTRICT OF WISCONSIN.  Full Article

Manitowoc Company Says Commenced Pvt Offering Of $300Mln Aggregate Principal Amount Of Senior Secured Second Lien Notes: SEC Filing
Wednesday, 6 Mar 2019 08:00am EST 

March 6 (Reuters) - Manitowoc Company Inc ::MANITOWOC COMPANY SAYS COMMENCED PRIVATE OFFERING OF $300 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED SECOND LIEN NOTES DUE 2026 - SEC FILING.MANITOWOC COMPANY SAYS INTENDS TO USE NET PROCEEDS FROM OFFERING TO REDEEM ALL OF ITS OUTSTANDING 12.75% SENIOR SECURED SECOND LIEN NOTES DUE 2021.MANITOWOC CO - INTENDS TO USE OFFERING'S NET PROCEEDS TO REPAY ALL OBLIGATIONS OUTSTANDING UNDER EXISTING $225.0 MILLION ASSET-BASED REVOLVING CREDIT FACILITY.MANITOWOC - INTENDS TO USE OFFERING'S NET PROCEEDS TO REPAY OBLIGATIONS OUTSTANDING UNDER EXISTING $75.0 MILLION ACCOUNTS RECEIVABLE SECURITIZATION PROGRAM.  Full Article

Manitowoc Company Q4 Adjusted Earnings Per Share $0.16 From Continuing Operations
Thursday, 7 Feb 2019 04:15pm EST 

Feb 7 (Reuters) - Manitowoc Company Inc ::THE MANITOWOC COMPANY REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 FINANCIAL RESULTS AND FULL-YEAR 2019 GUIDANCE.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.16 FROM CONTINUING OPERATIONS.Q4 OPERATING LOSS PER SHARE $2.20.Q4 LOSS PER SHARE $2.20 FROM CONTINUING OPERATIONS.Q4 SALES $515.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $488 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.00 -- REFINITIV IBES DATA.SEES 2019 REVENUE - APPROXIMATELY $1.85 BILLION TO $1.95 BILLION.SEES 2019 ADJUSTED EBITDA - APPROXIMATELY $125 MILLION TO $145 MILLION.FY2019 REVENUE VIEW $1.94 BILLION -- REFINITIV IBES DATA.  Full Article

Carl Icahn Dissolves Share Stake In AIG, Paypal
Tuesday, 15 May 2018 04:39pm EDT 

May 15 (Reuters) - cc:CARL ICAHN DISSOLVES SHARE STAKE IN AIG - SEC FILING.CARL ICAHN DISSOLVES SHARE STAKE IN PAYPAL HOLDINGS INC.CARL ICAHN CUTS SHARED SHARE STAKE IN FREEPORT-MCMORAN INC BY 35 PERCENT TO 50.2 MILLION SHARES.CARL ICAHN TAKES SHARED SHARE STAKE OF 30.3 MILLION SHARES IN NEWELL BRANDS INC.CARL ICAHN CUTS SHARED SHARE STAKE IN MANITOWOC CO INC BY 36.3 PERCENT TO 1.7 MILLION SHARES.CARL ICAHN: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

Manitowoc Says On Dec 11, Court Ruled In Co's Favor In Its Trade Secrets Misappropriation Lawsuit Against Sany Regarding Manitowoc's VPC Technology
Tuesday, 19 Dec 2017 05:28pm EST 

Dec 19 (Reuters) - Manitowoc Company Inc ::MANITOWOC - ON DEC 11, COURT RULED IN CO'S FAVOR IN ITS TRADE SECRETS MISAPPROPRIATION LAWSUIT AGAINST SANY REGARDING MANITOWOC'S VPC TECHNOLOGY.  Full Article

Manitowoc announces 1-for-4 reverse stock split
Friday, 17 Nov 2017 10:27am EST 

Nov 17 (Reuters) - Manitowoc Company Inc ::The Manitowoc Company Inc announces 1-for-4 reverse stock split.Says Manitowoc common stock will begin trading on a split-adjusted basis when markets open on November 20, 2017​.  Full Article

The Manitowoc Co reports Q3 non-GAAP earnings per share $0.09
Monday, 6 Nov 2017 04:54pm EST 

Nov 6 (Reuters) - Manitowoc Company Inc ::The manitowoc company reports third-quarter 2017 financial results.Q3 adjusted non-GAAP earnings per share $0.09 from continuing operations.Q3 earnings per share $0.07 from continuing operations.Q3 sales $399.4 million versus I/B/E/S view $385 million.Q3 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Q3 adjusted non-GAAP earnings per share $0.09.Manitowoc Company Inc - ‍reaffirms full-year 2017 guidance​.Manitowoc Company Inc - ‍third-quarter orders of $376.1 million were up 21pct from comparable period in 2016​.Manitowoc Company Inc - ‍backlog totaled $467.9 million at September 30, 2017, up 32pct, from third-quarter 2016 ending backlog​.FY2017 revenue view $1.51 billion -- Thomson Reuters I/B/E/S.Manitowoc - ‍Q3 GAAP, non-GAAP net income benefited from discrete tax items in period of $13.7 million or $0.09 per share​.  Full Article

Manitowoc Co awarded fixed-price with economic price adjustment contract
Friday, 11 Aug 2017 08:45pm EDT 

Aug 11 (Reuters) - Manitowoc Company Inc -:Manitowoc Company-was awarded fixed-price with economic price adjustment contract spe8ec-17-d-0008 from dla with maximum estimated value of $121.9 million​.Manitowoc Company Inc - ‍contract for procurement of commercial type cranes​.Manitowoc Company Inc - ‍contract does not require dla to order cranes from manitowoc​.Manitowoc Company Inc - ‍contract award is not to be confused with us army type II heavy crane award announced on june 18, 2015​.  Full Article

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Icahn discloses U.S. probe into sale of Manitowoc shares: filing

BOSTON Federal prosecutors in Manhattan asked billionaire investor Carl Icahn's company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe.