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Stock impact report

The Manitowoc Company Reports Third-Quarter 2017 Financial Results

Manitowoc Company, Inc. (The) (MTW) 
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm Check Earnings Report
Company Research Source: Business Wire
Orders Grow 21% year over year; Revenue increased 14% from Q3, 2016; GAAP EPS of $0.07; Reaffirms full-year 2017 guidance MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today reported third-quarter net sales of $399.4 million, diluted EPS (“DEPS”) on a GAAP basis of $0.07 and $0.09 on an adjusted basis. Third-quarter orders of $376.1 million were up 21% from the comparable period in 2016. Backlog totaled $467.9 million at September 30, 2017, up 32%, from the third-quarter 2016 ending backlog of $353.6 million. Third-quarter 2017 net sales were $399.4 million versus $349.8 million in the comparable period in 2016. The majority of the year-over-year increase was attributable to increased demand, primarily in the U.S. market, partly offset by lower demand in the Asia-Pacific market. Approximately 40% Show less Read more
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