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Last $21.56 USD
Change Today -0.20 / -0.92%
Volume 2.2M
MTW On Other Exchanges
Symbol
Exchange
Berlin
As of 4:15 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

manitowoc company inc (MTW) Snapshot

Open
$21.54
Previous Close
$21.76
Day High
$21.71
Day Low
$21.31
52 Week High
07/3/14 - $33.50
52 Week Low
10/15/14 - $16.24
Market Cap
2.9B
Average Volume 10 Days
2.1M
EPS TTM
$1.12
Shares Outstanding
136.0M
EX-Date
11/25/14
P/E TM
19.3x
Dividend
$0.08
Dividend Yield
0.37%
Current Stock Chart for MANITOWOC COMPANY INC (MTW)

manitowoc company inc (MTW) Related Businessweek News

No Related Businessweek News Found

manitowoc company inc (MTW) Details

The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, including crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands. Its products are used in various applications, including energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction. This segment also offers replacement parts, product services, and crane rebuilding and remanufacturing services under the Manitowoc Crane Care brand name. The Foodservice Equipment segment provides cooking and warming equipment; ice machines and storage bins; refrigerator and freezer equipment; beverage dispensers and related products; serving and storage equipment; and food preparation equipment under the Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Koolaire, Kolpak, Kysor Panel Systems, Lincoln, Manitowoc Ice, Merco, Merrychef, Multiplex, Servend, and U.S. Range brands. Its products are used by commercial and institutional foodservice operators, such as full service restaurants, quick-service restaurant chains, hotels, industrial caterers, supermarkets, convenience stores, business and industry, hospitals, schools, and other institutions. This segment also offers parts and aftermarket services under the KitchenCare brand name. The company was founded in 1853 and is based in Manitowoc, Wisconsin.

12,300 Employees
Last Reported Date: 02/20/15
Founded in 1853

manitowoc company inc (MTW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $985.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $457.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $412.0K
Senior Vice President of Human Resources & Ad...
Total Annual Compensation: $420.0K
Senior Vice President of Business Development
Total Annual Compensation: $460.0K
Compensation as of Fiscal Year 2014.

manitowoc company inc (MTW) Key Developments

The Manitowoc Company, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

The Manitowoc Company, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $1,037.4 million against $1,104.3 million a year ago. Operating earnings were $68.5 million against $98.5 million a year ago. Earnings from continuing operations before taxes on income were $38.4 million against $60.7 million a year ago. Earnings from continuing operations were $33.5 million or $33.5 per diluted share against $59.4 million or $59.4 per diluted share a year ago. Net earnings attributable to the company were $33.6 million or $0.25 per basic and diluted share against $20.9 million or $0.15 per basic and diluted share a year ago. Net cash provided from operating activities of continuing operations was $237.6 million against $273.0 million a year ago. Net cash provided by operating activities was $237.7 million against $270.6 million a year ago. Capital expenditures were $26.9 million against $38.0 million a year ago. Net earnings before special items were $37.5 million or $0.27 per diluted share against $63.9 million or $0.47 per diluted share a year ago. Cash flow provided from operating activities from continuing operations was driven by cash from profitability and improvements in working capital, particularly in inventory levels within the Crane business. For the full year, the company reported net sales of $3,886.5 million against $4,048.1 million a year ago. Operating earnings were $298.8 million against $364.4 million a year ago. Earnings from continuing operations before taxes on income were $169.4 million against $225.2 million a year ago. Earnings from continuing operations were $160.8 million or $160.8 per diluted share against $189.1 million or $189.1 per diluted share a year ago. Net earnings attributable to the company were $144.5 million or $0.25 per basic and diluted share against $141.8 million or $0.15 per basic and diluted share a year ago. Net cash provided from operating activities of continuing operations was $105.4 million against $334.1 million a year ago. Net cash provided by operating activities was $98.3 million against $323.1 million a year ago. Capital expenditures were $84.8 million against $110.7 million a year ago. Net earnings before special items were $159.2 million or $1.16 per diluted share against $195.9 million or $1.45 per diluted share a year ago. Adjusted EBITDA was $403.6 million. The company provided earnings guidance for the full year of 2015. The company expects capital expenditures approximately $85 million, depreciation & amortization approximately $110 million, interest expense of approximately $80 million, amortization of deferred financing fees of approximately $4 million and effective tax rate mid-to-high of 20% range.

Manitowoc Co. Plans to Split its Cranes and Food-Service Businesses

The Manitowoc Co. Inc. announced that it intends to split its two businesses - construction cranes and food service equipment - by spinning off one of the units into a separate publicly owned company. The food service unit through a tax-free spin-off expected to be completed in the first quarter of 2016. The food-service business manufactures commercial food-service equipment serving the ice, beverage, refrigeration, food prep and cooking needs of restaurants, convenience stores, hotels, hospitals and other institutions. Its more than 24 brands include Manitowoc, Garland, Cleveland, Lincoln, Merrychef, Frymaster, Servend, Multiplex, KitchenCare and Koolaire.

Manitowoc To Spin Off Foodservice Business Into A Publicly Traded Company

The Manitowoc Company, Inc. (NYSE:MTW) palns to spinoff its high-margin foodservice business into a publicly traded company. Manitowoc Company expects the spinoff to be completed in the first quarter of 2016.

 

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Industry Analysis

MTW

Industry Average

Valuation MTW Industry Range
Price/Earnings 19.0x
Price/Sales 0.8x
Price/Book 3.6x
Price/Cash Flow 16.5x
TEV/Sales 0.4x
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