Manitowoc(MTW)

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Manitowoc(MTW) - 2023 Q3 - Quarterly Report
2023-11-02 21:00
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, 2023 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 Securities registered pursuant to Section 12(b) of the Act: | | Trading | | | --- | --- | --- | | Title of each class | ...
Manitowoc(MTW) - 2023 Q3 - Earnings Call Transcript
2023-11-02 20:35
The Manitowoc Company Inc. (NYSE:MTW) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Ion Warner - Senior Vice President of Marketing and Investor Relations Aaron Ravenscroft - President and Chief Executive Officer Brian Regan - Executive Vice President and Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Clay Nelson - Goldman Sachs Mig Dobre - Baird Operator Hello and welcome to The Manitowoc Company Third Quarter 2023 Earnings Call. [Operator ...
Manitowoc(MTW) - 2023 Q2 - Quarterly Report
2023-08-08 20:16
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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Wisconsin | 39-0448110 | | --- | --- | | (State or other jurisdiction | (I.R.S. Employer | | of incorporation or organization) | Identification Number) | ...
Manitowoc(MTW) - 2023 Q2 - Earnings Call Transcript
2023-08-08 18:08
The Manitowoc Company Inc. (NYSE:MTW) Q2 2023 Results Conference Call August 8, 2023 10:00 AM ET Company Participants Ion Warner - Senior Vice President of Marketing and Investor Relations Aaron Ravenscroft - President and Chief Executive Officer Brian Regan - Executive Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Mig Dobre - Baird Seth Weber - Wells Fargo Securities Operator Good morning, and welcome to The Manitowoc Second Quarter 2023 Earnings Call. M ...
Manitowoc(MTW) - 2023 Q1 - Quarterly Report
2023-05-03 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 other jurisdiction | (I.R.S. Employer | | of incorporation or organization) | Identification Number) | | 11270 West Park Place | | | Suite 1000 | | | Milwaukee, Wisconsin | 53224 | | (Address of principal executive of ...
Manitowoc(MTW) - 2023 Q1 - Earnings Call Transcript
2023-05-03 17:50
The Manitowoc Company, Inc. (NYSE:MTW) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Ion Warner - Investor Relations Aaron Ravenscroft - President and Chief Executive Officer Brian Regan - Executive Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Tami Zakaria - JPMorgan Joseph Grabowski - Baird Stephen Volkmann - Jefferies Steven Fisher - UBS Seth Weber - Wells Fargo Securities Operator Good morning. My name is David and I wi ...
Manitowoc(MTW) - 2023 Q1 - Earnings Call Presentation
2023-05-03 17:49
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Manitowoc(MTW) - 2022 Q4 - Annual Report
2023-02-24 12:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 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 ...
Manitowoc(MTW) - 2022 Q4 - Earnings Call Transcript
2023-02-21 19:28
Financial Data and Key Metrics Changes - The company reported fourth-quarter net sales of $622 million, a 25% increase year-over-year, driven by pricing, a stronger shippable backlog, and incremental sales from acquisitions [43][67] - Adjusted EBITDA for the fourth quarter was $52 million, a 51% increase year-over-year, with an adjusted EBITDA margin of 8.3%, up 140 basis points from the prior year [22][46] - For the full year, net sales totaled $2.33 billion, an 18% increase year-over-year, primarily due to pricing actions and higher volume [67] - The company generated $80 million in cash from operating activities in the fourth quarter, resulting in free cash flows of $50 million [24] Business Line Data and Key Metrics Changes - Non-new machine sales increased by 22% to $545 million for the year, contributing to overall growth [6][41] - The company launched 9 new cranes in 2022 and introduced 10 new all-terrain models, enhancing its product offerings [29][40] Market Data and Key Metrics Changes - Orders for the fourth quarter were $708 million, a 15% increase year-over-year, primarily driven by higher pricing and large dealer orders [20] - The European mobile crane market showed positive signs, but the tower crane market faced a lack of confidence due to the Ukraine conflict and rising interest rates [12] - In Asia Pacific, market sentiment varied, with Southeast Asia remaining muted due to a corruption scandal, while optimism exists for Vietnam's future [13] Company Strategy and Development Direction - The company is focused on growing its European tower crane rental fleet and has invested $30 million in this area over the last three years [17] - The company aims to grow its non-new machine sales organically and through strategic acquisitions, positioning itself for future growth [53] Management's Comments on Operating Environment and Future Outlook - Management expects 2023 results to be similar to 2022, with headwinds from inflation, supply chain constraints, and a softening European tower crane market [48][49] - The company remains optimistic about the long-term recovery in crane demand, driven by infrastructure spending and projects in Saudi Arabia [72][73] Other Important Information - The company achieved ISO 50001 certification for all manufacturing facilities and met its 2025 greenhouse gas emissions target three years ahead of schedule [8] - The company ended the quarter with a cash balance of $64 million, a decrease of $11 million from the prior year [47] Q&A Session Summary Question: Can you expand on the opportunity in the Middle East? - Management indicated that the current projects are just beginning, with tenders expected to emerge in the fourth quarter of the year [54] Question: What are your expectations for sales guidance regarding price versus volume? - Management noted that the sales guidance includes both price increases and volume changes, but specifics were not disclosed [57] Question: How do you see the competitive environment in the Middle East compared to Europe? - Management described the Middle East as having a mixed competitive environment, with pricing varying based on machine availability and project size [117]
Manitowoc(MTW) - 2022 Q4 - Earnings Call Presentation
2023-02-21 17:36
Forward-Looking Statements There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. For a list of factors that could cause actual results to differ materially from those discussed or implied, please see the Company's periodic filings with the SEC, particularly those disclosed in "Risk Factors" in the Company's Annual Reports on Form 10-K for the years ended December 31, 2021. Any "forward-looking s ...