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 ...

Financial Data and Key Metrics Changes - For the full year 2024, the company reported sales of $2,200,000,000 and adjusted EBITDA of $128,000,000, with free cash flow of $100,000,000 generated in the fourth quarter [6][24][26] - The fourth quarter total revenue was $596,000,000, with adjusted EBITDA of $35,000,000, reflecting a 4% year-over-year decrease [20][23] - The company achieved a record high in non-new machine sales at $629,000,000, a 67% increase since 2020 [5][24] Business Line Data and Key Metrics Changes - Non-new machine sales were $629,000,000 for the full year, showing significant growth compared to $376,000,000 in 2020 [24][34] - The company launched 13 new cranes during the year, including an EV self-erecting tower crane and the MCT 2,205 [5] Market Data and Key Metrics Changes - Orders in the fourth quarter totaled $516,000,000, an 8% increase year-over-year, with a backlog of $650,000,000, down 29% year-over-year [11][21] - The Americas market showed improvement post-U.S. elections, while Europe is gradually recovering, particularly in Germany, Italy, and the UK [11][12] - Orders in the Middle East increased over 44% year-over-year, driven by upcoming major events [15] Company Strategy and Development Direction - The company continues to execute its "Cranes plus 50" strategy, focusing on growing the less cyclical, higher-margin aftermarket business [24][34] - The company is expanding service locations and enhancing field service support to stay competitive against Chinese exporters [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, with expectations of slight improvements in the U.S. and European markets, while Asia remains uncertain [27][30] - The company anticipates a challenging first quarter of 2025 due to reduced build schedules in 2024 [29] Other Important Information - The company achieved a record low recordable incident rate of 1.19, marking a significant improvement in safety [7] - Environmental initiatives led to a 6% reduction in greenhouse gas intensity, resulting in approximately $100,000 in savings [8] Q&A Session Summary Question: Guidance on regional sales expectations - Management indicated that guidance reflects a marginally better outlook, particularly in Europe and the U.S., while Asia remains uncertain [39][40] Question: Trends in used crane values - Management noted that used crane values have remained stable, with no significant changes observed [42][43]

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 ...

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 ...

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]