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Manitowoc reports Q4 adjusted EPS 74c, consensus 26c
The Fly

Manitowoc reports Q4 adjusted EPS 74c, consensus 26c

Reports Q4 revenue $621.6M, consensus $565.8M. Reports FY22 adjusted EPS $1.06, consensus 59c. Reports FY22 revenue $2.03B, consensus $1.98B. "The fourth quarter was a great end to a challenging year. The Manitowoc team delivered fourth-quarter revenue of over $600 million, contributing to full-year adjusted EBITDA margin of 7.0%. I am proud of the team for these exceptional results and thank them for their hard work," commented Aaron H. Ravenscroft, President and Chief Executive Officer of the company. "We have made significant progress in our CRANES+50 strategy, delivering non-new machine sales growth of over 20% year-over-year. We remain focused on our four breakthrough initiatives to unlock long-term shareholder value," concluded Ravenscroft.

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