Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $20.43 USD
Change Today +0.19 / 0.94%
Volume 1.8M
MTW On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

manitowoc company inc (MTW) Key Developments

James L. Packard Retires as Director of The Manitowoc Company, Inc

On May 5, 2015, James L. Packard retired as a director of The Manitowoc Company, Inc. in accordance with the company's Corporate Governance Guidelines, which require a director to resign from the Board of Directors at the first Annual Meeting of Shareholders held after reaching age 72.

The Manitowoc Company Seeks Acquisitions

The Manitowoc Company, Inc. (NYSE:MTW) is looking for acquisitions. Glen Tellock, Chairman and Chief Executive Officer of The Manitowoc Company states, "Yet at the same time if you want to do things within that industry, it is a little more consolidated industry but there's some pretty good opportunities to focus and look at whether it's acquisitions, mergers, or anything else, you have the opportunity to use that capital structure in and of itself to make those decisions."

The Manitowoc Company, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for 2015

The Manitowoc Company, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For first-quarter of 2015, the company reported sales of $752.1 million, an 11.5% decrease from $850.0 million in the first quarter of 2014. On a GAAP basis, the company reported a net loss of $8.4 million, or $0.06 per diluted share, in the first-quarter 2015 versus a net loss of $8.8 million, or $0.06 per diluted share, in the first quarter of 2014. Excluding special items, the adjusted loss from continuing operations was $6.3 million, or $0.05 per diluted share, in the first quarter of 2015, versus adjusted earnings from continuing operations of $23.7 million, or $0.17 per diluted share, in the first quarter of 2014. Cash flow from operating activities of continuing operations in the first quarter of 2015 was a use of $135.6 million, driven by seasonal working capital requirements that were partially offset by improved inventory levels within the crane business compared to $264.6 million a year ago. First-quarter capital expenditures totaled $11.7 million compared to $16.7 million a year ago. Operating earnings were $12.7 million, loss from continuing operations before taxes on income were $9.5 million against operating earnings of $53.6 million and profit from continuing operations before taxes on income of $22.3 million respectively a year ago. Adjusted EBITDA was $394.1 million. The company is reaffirming its full-year guidance for 2015. For the full-year 2015, the company expects capital expenditures to be approximately $85 million, effective tax rate to be mid-to-high 20% range, and depreciation & amortization - approximately $110 million.

The Manitowoc Company, Inc. Presents at 2015 Wells Fargo Industrial and Construction Conference, May-05-2015

The Manitowoc Company, Inc. Presents at 2015 Wells Fargo Industrial and Construction Conference, May-05-2015 . Venue: The New York Palace, 455 Madison Avenue, New York, NY 10022, United States.

The Manitowoc Company, Inc. Appoints Jesse A. Lynn as New Member of the Board

On April 16, 2015, the Board of Directors of The Manitowoc Company, Inc. appointed Jesse A. Lynn as a new member of the Board. Since January 2015, Mr. Lynn has been the General Counsel for Icahn Enterprises, L.P. From September 2004 to January 2015, Mr. Lynn was Assistant General Counsel for Icahn Enterprises, L.P. Mr. Lynn has also been a director of Herbalife Ltd. since April 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MTW:US $20.43 USD +0.19

MTW Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Joy Global Inc $42.26 USD -0.38
Lennox International Inc $114.00 USD +0.39
Meritor Inc $14.01 USD -0.03
Timken Co/The $40.57 USD -0.05
XCMG Construction Machinery Co Ltd CNY15.45 CNY +0.27
View Industry Companies
 

Industry Analysis

MTW

Industry Average

Valuation MTW Industry Range
Price/Earnings 19.1x
Price/Sales 0.7x
Price/Book 3.7x
Price/Cash Flow 15.5x
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MANITOWOC COMPANY INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.