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 ...

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 ...

Wall Street expects a year-over-year increase in earnings on lower revenues when The Manitowoc Company, Inc. (MTW) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numbers a ...

Dublin, Dec. 27, 2024 (GLOBE NEWSWIRE) -- The "Vehicle Mounted Crane Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.The global vehicle mounted crane market is expected to grow at a CAGR of 8.67% from 2023 to 2029. Technological advancements in the vehicle mounted crane market are reshaping product offerings and operational capabilities. Innovations such as telematics, GPS tracking, and remote operation are enhancing crane performance and efficiency, ...

Shares of The Manitowoc Company, Inc. (MTW) have lost 3% since it reported third-quarter 2024 adjusted loss per share of 8 cents on Oct. 30. MTW missed the Zacks Consensus Estimate of earnings of 10 cents per share. The company reported adjusted earnings per share of 22 cents in the year-ago quarter.Including one-time items, the company reported a loss of 20 cents per share against the prior-year quarter’s earnings of 29 cents per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ...

For the quarter ended September 2024, The Manitowoc Company, Inc. (MTW) reported revenue of $524.8 million, up 0.8% over the same period last year. EPS came in at -$0.08, compared to $0.22 in the year-ago quarter.The reported revenue represents a surprise of +0.73% over the Zacks Consensus Estimate of $520.98 million. With the consensus EPS estimate being $0.10, the EPS surprise was -180.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

os UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-11978 The Manitowoc Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-0448110 (State or ot ...

Financial Data and Key Metrics Changes - Orders for the third quarter were $425 million, a decrease of 20% year-over-year, primarily driven by a 28% decline in the Americas due to the US presidential election and interest rates [23] - Net sales in the third quarter were $525 million, flat compared to the prior year, with a backlog of $742 million [24] - Adjusted EBITDA for the quarter was $26 million, a decrease of 21% year-over-year, with an adjusted EBITDA margin of 5%, down 140 basis points from the previous year [25] Business Line Data and Key Metrics Changes - Non-new machine sales increased by 9% year-over-year to $169 million, primarily driven by used crane sales [24] - The European towers business contributed significantly to the decline in adjusted EBITDA, indicating challenges in that segment [25] Market Data and Key Metrics Changes - In the Americas, demand for new cranes has been slow, with a cautious optimism prevailing in the crane industry despite a slight slowdown in utilization [10] - Orders in the mobile crane market were down nearly 30% year-over-year in the third quarter, reflecting a muted customer sentiment [12] - The Middle East market remains strong, with ongoing projects in Saudi Arabia and Dubai driving residential construction activity [13] Company Strategy and Development Direction - The company is focused on continuous improvement through "The Manitowoc Way" and the execution of the "CRANES+50" strategy, which emphasizes aftermarket sales and service expansion [16][18] - The company is increasing the number of branch locations and service technicians to drive non-new machine sales and enhance long-term shareholder value [33] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the impact of the US presidential election on customer sentiment and order intake, drawing parallels to the 2016 election [29] - There is cautious optimism regarding long-term recovery in the crane market, particularly in Europe, contingent on government actions to address housing shortages and geopolitical stability [41][42] - Interest rates are declining globally, which could provide a tailwind for the crane market in the future [33] Other Important Information - The company completed refinancing its debt, increasing borrowing capacity and extending the tenure of its credit facility [22] - The net working capital at the end of the quarter was $579 million, elevated due to higher inventory levels [26] Q&A Session Summary Question: Can you provide some color on the potential for margin improvement when volumes return? - Management indicated that margin improvement is complex and depends on product mix, particularly in the tower crane business [35] Question: How has the parts performance been as part of non-new machine sales? - Parts performance has been strong, with growth in the MGX business primarily driven by parts and service [38] Question: Do you think there is an election outcome that would help more than others? - Management suggested that a Trump outcome could be more favorable for the crane industry, reflecting the industry's conservative nature [40] Question: What series of events would need to happen to jumpstart the European tower crane market? - Management noted that addressing the housing shortage and low inventory levels would be crucial for recovery in the European market [41] Question: What other levers would need to be pulled to achieve the $130 million free cash flow target? - Management highlighted the need to reduce cash CapEx and improve book and ship rates to achieve the target [45] Question: Can you recap the impact of tariffs on imports or steel in the past? - Management noted that steel tariffs previously posed challenges, but current pricing dynamics may make tariffs less impactful now [49]

Third-Quarter 2024 Earnings Conference Call October 31, 2024 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, and are subject to uncertainty and changes in circumstances. The Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or ...

Company Performance - The Manitowoc Company reported a quarterly loss of $0.08 per share, missing the Zacks Consensus Estimate of $0.10, and down from earnings of $0.22 per share a year ago, representing an earnings surprise of -180% [1] - The company posted revenues of $524.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.73%, and showing a slight increase from year-ago revenues of $520.9 million [2] - Over the last four quarters, the company has not surpassed consensus EPS estimates, and its shares have lost about 41.3% since the beginning of the year [2][3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.13 on revenues of $595.23 million, and for the current fiscal year, it is $0.62 on revenues of $2.17 billion [7] - The estimate revisions trend for The Manitowoc Company is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Manufacturing - Construction and Mining industry, to which The Manitowoc Company belongs, is currently in the bottom 13% of over 250 Zacks industries, which may impact the stock's performance [8]