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Stock impact report

The Manitowoc Company Reports Fourth-Quarter and Full-Year 2023 Financial Results and Full-Year 2024 Guidance [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
Net cash provided by operating activities of $39.8 million, free cash flows of $22.3 million Full-Year 2023 Highlights Net sales of $2,227.8 million Adjusted EBITDA of $175.3 million, margin percentage of 7.9% Diluted net income per share of $1.09, $1.52 on an adjusted basis Adjusted return on invested capital of 11.2% MILWAUKEE, February 14, 2024 BUSINESS WIRE )--The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported a fourth-quarter net loss of $7.9 million, or $0.23 per diluted share. Fourth-quarter adjusted net income was $3.4 million or $0.09 per diluted share. Net sales in the fourth quarter decreased 4.2% year-over-year to $595.8 million and were favorably impacted by $9.0 million from changes in foreign currency exchange rates. Fourth-quarter adjusted EBITDA was $36.5 million, a decrease of 29.1% year-over-year. Fourth-quarter net cash provided by operating activities were $39.8 million and fourth-quarter free cash flows were $22.3 Show less Read more
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