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Stock impact report

Manitowoc Co Inc (MTW) Reports Mixed 2023 Results; Provides 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
Adjusted EBITDA : Full-year adjusted EBITDA increased to $175.3 million, Q4 adjusted EBITDA fell 29.1% to $36.5 million. Net Income : Full-year adjusted net income per share grew to $1.52, Q4 adjusted net loss of $0.23 per diluted share. Free Cash Flow : Q4 free cash flow decreased to $22.3 million, reflecting a $27.9 million drop from the prior year. Backlog : Ended Q4 at $917.2 million, with foreign currency exchange rates contributing favorably. 2024 Guidance : Projects net sales between $2.275 billion and $2.375 billion, with adjusted EBITDA of $150 million to $180 million. Warning! GuruFocus has detected 5 Warning Signs with FMCC. On February 15, 2024, Manitowoc Co Inc ( NYSE:MTW ) released its 8-K filing , detailing its financial performance for the fourth quarter and full year of 2023. The company, a leading provider of engineered lifting solutions, reported a mixed set of results with full-year net sales increasing by 9.6% to $2.23 billion, while fourth-quarter sa Show less Read more
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