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Manitowoc Company Inc (MTW.N)

MTW.N on New York Stock Exchange

39.05USD
22 Nov 2017
Change (% chg)

$-1.43 (-3.53%)
Prev Close
$40.48
Open
$40.70
Day's High
$40.75
Day's Low
$38.63
Volume
167,871
Avg. Vol
108,974
52-wk High
$42.08
52-wk Low
$21.22

Latest Key Developments (Source: Significant Developments)

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

The Manitowoc Company Q2 earnings per share $0.00 from continuing operations
Monday, 7 Aug 2017 04:25pm EDT 

Aug 7 (Reuters) - Manitowoc Company Inc :The Manitowoc Company reports second-quarter 2017 financial results.Q2 adjusted non-GAAP earnings per share $0.05 from continuing operations.Q2 earnings per share $0.00 from continuing operations.Q2 sales $394.6 million versus I/B/E/S view $396.4 million.Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.Sees fy 2017 revenue down about 5 to 7 percent.Q2 adjusted non-GAAP earnings per share $0.05.Says ‍backlog totaled $491.2 million at June 30, 2017, up 25%, from second-quarter 2016 ending backlog​.Sees ‍2017 capital expenditures of approximately $30 million​.Sees ‍2017 adjusted EBITDA of approximately $59 to $69 million​.Manitowoc Company Inc - Q2 orders of $379.5 million, which included initial production order related to U.S. Army contract, were up 9%.FY2017 revenue view $1.45 billion -- Thomson Reuters I/B/E/S.  Full Article

Manitowoc Co Q1 gaap loss per share $0.26
Monday, 8 May 2017 04:39pm EDT 

May 8 (Reuters) - Manitowoc Company Inc ::The manitowoc company reports first-quarter 2017 financial results.Q1 adjusted non-gaap loss per share $0.17 from continuing operations.Q1 gaap loss per share $0.26.Q1 sales $305.8 million versus i/b/e/s view $336.8 million.Q1 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.Sees fy 2017 revenue down about 8 to 10 percent.Q1 adjusted non-gaap loss per share $0.17.Manitowoc company inc - backlog totaled $506.3 million at march 31, 2017, up from fourth-quarter 2016 backlog of $323.8 million.Manitowoc company inc sees fy 2017 capital expenditures - approximately $30 million.2017 financial guidance for full year remains unchanged.  Full Article

Southpoint Master Fund LP reports 5.03 pct passive stake in Manitowoc Company Inc
Thursday, 4 May 2017 09:19am EDT 

May 4 (Reuters) - Manitowoc Company Inc : :Southpoint Master Fund LP reports 5.03 percent passive stake in Manitowoc Company Inc as of April 25 .  Full Article

Manitowoc Company Inc files for potential mixed shelf offering, size undisclosed - SEC filing
Thursday, 2 Mar 2017 06:32am EST 

Manitowoc Company Inc :Manitowoc Company Inc files for potential mixed shelf offering, size undisclosed - SEC filing.  Full Article

Manitowoc Company Inc - backlog totaled $394 million as of June 30, 2016, down from Q1 of 2016 backlog of $502 million
Monday, 8 Aug 2016 04:15pm EDT 

The Manitowoc Company : Q2 gaap loss per share $0.04 . Reports Second Quarter financial results . Q2 adjusted non-GAAP earnings per share $0.04 from continuing operations . Q2 sales $457.7 million versus I/B/E/S view $464 million . Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Expects to recognize cash outflows of about $35-50 million in settlement of expenses by end of 2017 . FY2016 revenue view $1.82 billion -- Thomson Reuters I/B/E/S . Sees 2016 revenue down about 10% to 12%; sees 2016 capital expenditures about $45 to $50 million .Backlog totaled $394 million as of June 30, 2016, down from first-quarter of 2016 backlog of $502 million.  Full Article

Manitowoc Company Inc says pricing of MTW Foodservice Escrow Corp's $425 mln senior notes due 2024
Monday, 8 Feb 2016 04:32pm EST 

Manitowoc Company Inc:Manitowoc Company Inc announces the pricing of MTW Foodservice Escrow Corp.'s $425 million offering of senior notes due 2024.Notes will have an interest rate of 9.500% per annum and are being issued at a price equal to 100.000% of their face value.  Full Article

Manitowoc Company Inc announces pricing of MTW Cranes Escrow Corp.'s $260 million offering of senior secured second lien notes due 2021
Monday, 8 Feb 2016 04:32pm EST 

Manitowoc Company Inc:Announces pricing of MTW Cranes Escrow Corp.'s $260 million offering of senior secured second lien notes due 2021.Notes will have an interest rate of 12.750% per annum and are being issued at a price equal to 95.3% of their face value.  Full Article

Manitowoc Company announces divestiture of Kysor Panel Systems Business
Monday, 7 Dec 2015 08:00am EST 

Manitowoc Company, Inc:Announced that it has sold its Kysor Panel Systems business to an affiliate of D Cubed Group LLC, a private market investment firm, for a value of approximately $85 million.Intends to use the Kysor Panel proceeds to further reduce its debt and financial leverage.SunTrust Robinson Humphrey, Inc. acted as exclusive financial advisor to The Manitowoc Company.  Full Article

BRIEF-Manitowoc announces 1-for-4 reverse stock split

* The Manitowoc Company Inc announces 1-for-4 reverse stock split