Workflow
Manitowoc(MTW)
icon
Search documents
The Manitowoc Company: Shares Have Gotten Dirt Cheap
Seeking Alpha· 2025-04-10 11:51
When it comes to investing, I have a pretty good track record. But nobody, and I do mean nobody, has a perfect record. Unfortunately, one company that I have been wrong about so far isCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discuss ...
Why Is The Manitowoc Company (MTW) Down 15% Since Last Earnings Report?
ZACKS· 2025-03-14 16:35
It has been about a month since the last earnings report for The Manitowoc Company, Inc. (MTW) . Shares have lost about 15% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is The Manitowoc Company due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Be ...
Why The Manitowoc Company (MTW) International Revenue Trends Deserve Your Attention
ZACKS· 2025-02-26 15:15
Have you evaluated the performance of The Manitowoc Company, Inc.'s (MTW) international operations during the quarter that concluded in December 2024? Considering the extensive worldwide presence of this company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and grow ...
Manitowoc(MTW) - 2024 Q4 - Annual Report
2025-02-21 21:07
Growth Strategy - Manitowoc aims to grow non-new machine sales to $1 billion as part of its CRANES+50 strategy[20] - The company plans to expand its tower crane rental and aftermarket business in Europe as part of its growth strategy[20] - The company is focused on new product development and market acceptance to drive growth[11] Product Development and Innovation - The company launched ten new tower crane models for the Belt and Road initiative, reducing product development cycles from 18-24 months to 12-14 months[22] - The company has launched ten new or refreshed all-terrain cranes since 2021, featuring enhancements like longer boom lengths and improved roadability[24] - The company invests significantly in research and development to innovate new products, which is critical for maintaining competitiveness in the market[77] Market Expansion - Since 2021, Manitowoc has increased its European tower crane rental fleet by $27.3 million, enhancing aftermarket services[21] - Approximately 51% of the company's net sales for the years ended December 31, 2024, 2023, and 2022 were attributable to products sold outside of the United States, indicating a focus on international market expansion[75] Financial Performance - The company reported $3.0 billion in net sales and $1.0 billion in non-new machine sales, with a 12% Adjusted EBITDA margin and 15% Adjusted ROIC[24] - As of December 31, 2024, total consolidated debt was $390.2 million, an increase from $372.1 million as of December 31, 2023[92] - The company has a senior secured asset-based revolving credit facility of up to $325.0 million, with $100.0 million available to its German subsidiary[93] Safety and Compliance - The company is committed to achieving a recordable injury rate of less than 1.0, reflecting its focus on safety[24] - The company recorded a Recordable Injury Rate (RIR) of 1.19 in 2024, significantly lower than the industry average of 3.7, and a Lost Time Injury Frequency Rate (LTIFR) of 0.81 compared to the industry average of 0.9[56] - Compliance with regulations is critical, as failure to do so could lead to significant expenses and operational disruptions[16] Operational Efficiency - The Manitowoc Way focuses on continuous improvement and customer value, utilizing lean tools to enhance operational efficiency[19] - The company operates nine manufacturing facilities globally, utilizing advanced manufacturing processes and automation to produce cranes[45] - The company employs approximately 4,800 people, with 1,800 in the Americas, 2,500 in the EURAF segment, and 500 in the MEAP segment[55] Aftermarket Services - Manitowoc expanded its North American aftermarket activities through acquisitions, including assets from Aspen Equipment and H&E Equipment Services[23] - The company has over 460 technicians globally providing various aftermarket services to customers[39] - The company continues to invest in its rental fleet to enhance aftermarket services and provide additional options for customers[37] Risks and Challenges - The company faces significant competition from foreign competitors benefiting from government policies, which could adversely affect financial results[67] - Economic downturns may impact leveraged companies more severely, potentially affecting financial condition and cash flows[69] - The company faces risks related to labor relations, with approximately 27% of employees covered by a national trade union or collective bargaining agreement[89] Supply Chain and Costs - The company has incurred additional expenses and delays due to supply chain constraints, which may continue to affect manufacturing and service capacity[78] - The company’s ability to maintain competitive pricing is challenged by large increases in raw material costs and supply chain issues[72] - Increasing costs of doing business, including labor and raw material costs, may adversely affect profit margins and price competitiveness[88] Strategic Management - The company must successfully manage acquisitions and strategic alliances to avoid adverse effects on future results[85] - The company relies on key executive officers and skilled personnel, and competition for talent may hinder recruitment and retention efforts[79] - The company’s ability to comply with debt covenants may be impacted by economic conditions, potentially requiring disadvantageous actions[96]
Manitowoc Q4 Earnings Miss Estimates, Revenues Remain Flat Y/Y
ZACKS· 2025-02-14 17:50
The Manitowoc Company, Inc. (MTW) reported adjusted earnings per share (EPS) of 10 cents in fourth-quarter 2024, missing the Zacks Consensus Estimate of 14 cents. Compared with an EPS of 9 cents in the fourth quarter of 2023, Manitowoc’s earnings in the quarter under review marked an increase of 11%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including one-time items, the company reported earnings of $1.59 per share in the fourth quarter of 2024 against the year-ago quarter’s loss ...
Manitowoc(MTW) - 2024 Q4 - Earnings Call Transcript
2025-02-13 17:47
The Manitowoc Company, Inc. (NYSE:MTW) Q4 2024 Earnings Conference Call February 13, 2025 10:00 AM ET Company Participants Ion Warner - Senior Vice President, Marketing & Investor Relations Aaron Ravenscroft - President & Chief Executive Officer Brian Regan - Executive Vice President & Chief Financial Officer Operator Good day. And welcome to The Manitowoc Company, Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants will be in listen-only mode. Please note this event is being r ...
Manitowoc(MTW) - 2024 Q4 - Earnings Call Presentation
2025-02-13 17:01
Fourth-Quarter 2024 and Full-Year 2024 Earnings Conference Call February 13, 2025 Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made and are subject to uncertainty and changes in circumstances. The Company undertakes no obligation to update or revise forward-looking ...
The Manitowoc Company, Inc. (MTW) Q4 Earnings Miss Estimates
ZACKS· 2025-02-12 23:16
The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced a loss of $0.08, delivering a surprise of -180%.Over the last four quarters, the ...
Manitowoc(MTW) - 2024 Q4 - Annual Results
2025-02-12 21:21
Exhibit 99.1 The Manitowoc Company Reports Fourth-Quarter and Full-Year 2024 Financial Results; Provides Full- Year 2025 Guidance Fourth-Quarter 2024 Highlights Full-Year 2024 Highlights MILWAUKEE, Wis. - The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported fourth- quarter net income of $56.7 million, or $1.59 per diluted share. Fourth-quarter adjusted net income (1) was $3.7 million or $0.10 per diluted share. Orders in the quarter were $515.6 million, an 8.4% increase from ...
Gear Up for The Manitowoc Company (MTW) Q4 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-02-11 15:20
The upcoming report from The Manitowoc Company, Inc. (MTW) is expected to reveal quarterly earnings of $0.14 per share, indicating an increase of 55.6% compared to the year-ago period. Analysts forecast revenues of $592.73 million, representing a decrease of 0.5% year over year.The current level reflects a downward revision of 37.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projection ...