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Stock impact report

Manitowoc (MTW) Q1 Earnings Miss Estimates, Revenues Dip Y/Y [Yahoo! Finance]

Manitowoc Company, Inc. (The) (MTW) 
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The bottom line marked a decline from earnings of 46 cents in the year-ago quarter. Including one-time items, the company reported an EPS of 12 cents in the quarter compared with the prior-year quarter's 46 cents. Manitowoc's revenues fell 2.6% year over year to $495 million in the quarter under review. The top line beat the Zacks Consensus Estimate of $489 million. Orders in the reported quarter increased 5.6% year over year to $554 million. The backlog at the end of the quarter was $971 million. The Manitowoc Company, Inc. Price, Consensus and EPS Surprise The Manitowoc Company, Inc. price-consensus-eps-surprise-chart | The Manitowoc Company, Inc. Quote Operational Update Cost of sales increased 0.1% year over year to $403 million in the reported quarter. The gross profit moved down 13% year over year to $93 million. The gross margin was 18.7% in the reported quarter compared with 20.9% in the prior-year quarter. Engineering, selling and administrative expenses incre Show less Read more
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