Articles from The Manitowoc Company, Inc.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its fourth-quarter 2024 and full-year 2024 results on Wednesday, February 12, 2025, after the close of market. The Company will host an earnings call to discuss its results and outlook on Thursday, February 13, 2025, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ) regarding alleged violations of the Transition Program for Equipment Manufacturers (TPEM), a program under the U.S. Clean Air Act. Per the terms of the agreement, Manitowoc will pay a civil penalty of $42.6 million and complete an emissions mitigation project upgrading a short-line locomotive engine in Maryland. Completion of the terms in the Consent Decree settles this matter and releases the Company from civil claims under the Clean Air Act related to the Company’s participation in the TPEM program.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America’s Most Responsible Companies for the third consecutive year by Newsweek. This prestigious award is presented by Newsweek and Statista Inc., the statistics portal and industry-ranking provider. The awards list, announced on December 3, 2024, can be viewed on Newsweek's website. The Company made a significant leap, advancing 298 places from its 2024 award to achieve the 227th position.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company’ or “Manitowoc”) announced today that it was recognized as one of the 2024 “Best for Vets” Employers by Military Times. The 2024 recipients list can be viewed on Military Times website.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported a third-quarter net loss of $7.0 million, or $0.20 per diluted share. Third-quarter adjusted net loss(1) was $2.9 million, or $0.08 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its third-quarter 2024 results on Wednesday, October 30, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, October 31, 2024, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (“Manitowoc”) announced today that it has priced its previously announced private offering (the “Offering”) of $300 million aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”). The Notes will have an interest rate of 9.250% per annum and are being issued at a price equal to 100.000% of their face value. The Notes will be guaranteed on a senior secured second lien basis, jointly and severally, by each of Manitowoc’s domestic subsidiaries that will continue to guarantee Manitowoc’s asset-based revolving credit facility that will among other things increase the commitments by $50 million to $325 million (as amended, the “Amended ABL Credit Facility”). The Offering is expected to close on September 19, 2024, subject to market and other conditions, including Manitowoc entering into the Amended ABL Credit Facility. There can be no assurance that the Offering or the Amended ABL Credit Facility will be completed on a timely basis, or at all.

The Manitowoc Company, Inc. (NYSEMTW) (“Manitowoc”) announced today that it has commenced a private offering (the “Offering”) of $300,000,000 aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”), subject to market and other conditions, including Manitowoc entering into an amendment to its existing asset-based revolving credit facility that will among other things increase the commitments by $50 million to $325 million (as amended, the “Amended ABL Credit Facility”). The Notes will be guaranteed on a senior secured second lien basis, jointly and severally, by each of Manitowoc’s domestic subsidiaries that will continue to guarantee the Amended ABL Credit Facility. There can be no assurance that the Offering or the Amended ABL Credit Facility will be completed on a timely basis, or at all.

The Manitowoc Company, Inc. (NYSEMTW) announced today that President and Chief Executive Officer, Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer, Brian P. Regan will present and host 1x1 investor meetings at the Midwest IDEAS Conference in Chicago, Illinois, on Thursday, August 29, 2024. Manitowoc’s presentation is scheduled at 10:15 a.m. ET and will be accessible through the conference webcast link at 2024 Midwest IDEAS Conference (wsw.com) and the Events & Presentations page of Manitowoc’s Investor Relations website at http://ir.manitowoc.com.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjusted net income(1) was $8.8 million, or $0.25 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its second-quarter 2024 results on Wednesday, August 7, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, August 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) is pleased to share that Moody's Ratings (Moody's) has upgraded the Company’s credit rating to B1 from B2, reflecting the Company’s solid operating performance.

The Manitowoc Company, Inc. (NYSEMTW) announced today that its management will participate in two upcoming investor conferences:

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported first-quarter net income of $4.5 million, or $0.12 per diluted share. First-quarter adjusted net income(1) was $5.1 million, or $0.14 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its first-quarter 2024 results on Tuesday, May 7, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) announced today that board member John C. Pfeifer has chosen not to stand for reelection to the Company’s Board of Directors; therefore, his term will end at the May 7, 2024 annual meeting of shareholders. First appointed to the Manitowoc board in 2016, as the President and Chief Executive Officer of Oshkosh Corporation Mr. Pfeifer brought expert and deep operational experience and advice from the machinery industry. He was instrumental in shaping Manitowoc’s strategy for growth in envisioning Manitowoc’s strategy shift from a solely product-focused company to being more service-oriented.

The Manitowoc Company, Inc. (NYSEMTW) announced today that its management will participate in the JP Morgan High Yield and Leveraged Finance Conference on Monday, February 26, 2024. A slide presentation will be available on The Manitowoc Company website at http://ir.manitowoc.com in the “Events & Presentations” section.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported a fourth-quarter net loss of $7.9 million, or $0.23 per diluted share. Fourth-quarter adjusted net income(1) was $3.4 million or $0.09 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its fourth-quarter 2023 and full-year 2023 results on Wednesday, February 14, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, February 15, 2024, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Ryan M. Gwillim has been elected to the Company’s board of directors effective immediately. Additionally, the Company announced an increase in the size of the Board from nine to ten directors.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America’s Most Responsible Companies for the second consecutive year by Newsweek. This prestigious award is presented by Newsweek and Statista Inc., the statistics portal and industry-ranking provider. The awards list was announced on December 6, 2023, and can be viewed on Newsweek's website.

The Manitowoc Company, Inc. (NYSEMTW) announced today that its management will participate in three upcoming investor conferences:

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported third-quarter net income of $10.4 million, or $0.29 per diluted share. Third-quarter adjusted net income(1) was $8.0 million, or $0.22 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its third-quarter 2023 results on Wednesday, November 1, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, November 2, 2023, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $20.2 million, or $0.57 per diluted share. Second-quarter adjusted net income(1) was $26.6 million, or $0.75 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its second-quarter 2023 results on Monday, August 7, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Tuesday, August 8, 2023, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) announced today that Executive Vice President and Chief Financial Officer, Brian P. Regan, and Senior Vice President Marketing and Investor Relations, Ion Warner, will present and host 1x1 investor meetings at the virtual East Coast IDEAS Conference on Thursday, June 22, 2023. Manitowoc’s presentation is scheduled to be available at 6:00 a.m. ET on June 21 and will be accessible through the conference website at www.IDEASconferences.com, and the Events & Presentations page of Manitowoc’s Investor Relations website at http://ir.manitowoc.com.

The Manitowoc Company, Inc. (NYSEMTW) announced today that its management will participate in a fireside chat at two upcoming investor conferences:

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported net income of $16.5 million, or $0.46 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its first-quarter 2023 results on Tuesday, May 2, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Wednesday, May 3, 2023, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”) today reported a fourth-quarter net loss of $144.1 million, or $(4.10) per diluted share, which included non-cash asset impairment charges of $171.9 million. Fourth-quarter adjusted net income(1) was $26.0 million or $0.74 per diluted share, an increase of $16.6 million or $0.48 per diluted share from the prior year.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its fourth-quarter 2022 and full-year 2022 results on Monday, February 20, 2023, at approximately 5:00 p.m. ET. The Company will host a conference call to discuss its results and outlook on Tuesday, February 21, 2023, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced today that it was named one of America’s Most Responsible Companies by Newsweek. This prestigious award is presented by Newsweek and Statista Inc., the statistics portal and industry-ranking provider. The awards list was announced on December 7, 2022, and can be viewed on Newsweek's website.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported third-quarter net income of $2.3 million, or $0.07 per diluted share. Third-quarter adjusted net income(1) was $3.4 million, or $0.10 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW), a leading global manufacturer of cranes and lifting solutions, announced that President and Chief Executive Officer, Aaron H. Ravenscroft, and Executive Vice President and Chief Financial Officer, Brian P. Regan, will present at the Baird 2022 Global Industrial Conference on Wednesday, November 9, 2022, from 4:40 p.m. to 5:10 p.m. CT. A link to the presentation material can be accessed from Manitowoc’s Investor Relations website ahead of the event at http://ir.manitowoc.com.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its third-quarter 2022 results on Monday, November 7, 2022, after the close of market. The Company will host a conference call to discuss its results and outlook on Tuesday, November 8, 2022, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (“the Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that through its wholly-owned subsidiary, MGX Equipment Services, LLC, it has completed the acquisition of certain assets of the crane rental fleet of Honnen Equipment Company (“Honnen”). Under the agreement Honnen ends its dealer agreement with Manitowoc in Colorado, Wyoming, and Nebraska. The transaction expands Manitowoc’s direct-to-customer footprint in the territory with new sales, used sales, aftermarket parts, and service support to a variety of end market customers.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported second-quarter net income of $15.1 million, or $0.42 per diluted share. Second-quarter adjusted net income(1) was $7.4 million, or $0.21 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that James S. Cook, currently the Company’s Senior Vice President, Health, Safety, Environment (HSE) and The Manitowoc Way, has been appointed Senior Vice President, Human Resources, and The Manitowoc Way effective immediately.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Jennifer L. Peterson, currently the Company’s Interim General Counsel and Assistant Secretary, has been appointed Executive Vice President, General Counsel and Secretary effective immediately.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its second quarter 2022 results on Thursday, August 4, 2022, after the close of market. The Company will host a conference call to discuss its results and outlook on Friday, August 5, 2022, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today announced its withdrawal from the CONEXPO-CON/AGG 2023 trade show.

The Manitowoc Company, Inc. (NYSEMTW), a leading global manufacturer of cranes and lifting solutions, announced that President and Chief Executive Officer, Aaron H. Ravenscroft, and Executive Vice President and Chief Financial Officer, Brian P. Regan, will present at the Stifel Cross Sector Insight Conference on Thursday, June 9, 2022.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported first-quarter net income of $3.1 million, or $0.09 per diluted share. On an adjusted basis, first-quarter net income(1) was $1.0 million, or $0.03 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its first quarter 2022 results on Tuesday, May 3, 2022, after the close of market. The company will host a conference call to discuss its results and outlook on Wednesday, May 4, 2022, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that it has been curtailing its operations in Russia since the beginning of the conflict in Ukraine and stopped taking new crane orders. With roughly 20 local employees, sales to Russia were less than two percent of total sales in 2021. Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc. commented, “While doing our best to support our local team members, we have and will continue to comply with all sanctions and conduct our business in accordance with all applicable laws. The safety and well-being of our employees and their families are our top priorities.”

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported a fourth-quarter net loss of $(3.6) million, or $(0.10) per diluted share. The results were unfavorably impacted by a $13.9 million charge due to a legal matter with the U.S. Environmental Protection Agency. Fourth-quarter adjusted net income(1) was $9.4 million, or $0.27 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that David J. Antoniuk will step down as Chief Financial Officer effective May 2, 2022, and will be succeeded by Brian P. Regan. Mr. Antoniuk will transition into an advisory role to the CEO until January 2, 2023, at which time he will retire from the Company.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, announced the following today:

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its fourth-quarter 2021 and full-year 2021 results on Monday, February 21, 2021, at approximately 5:00 p.m. ET. The company will host a conference call to discuss its results and outlook on Tuesday, February 22, 2022, at 10:00 a.m. ET (9:00 a.m. CT).

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, is hosting its 2021 Investor Day on Monday, December 13, 2021, at the New York Stock Exchange and via webcast from 9:00 a.m. to 11:30 a.m. Eastern Standard Time (EST). Aaron H. Ravenscroft, President and Chief Executive Officer, and other members of Manitowoc’s senior management team will discuss the Company’s strategies to achieve sustainable, long-term growth.

The Manitowoc Company, Inc. (NYSEMTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will present at the Baird Virtual Industrial Conference on Wednesday, November 10, 2021.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported a third-quarter loss of $(0.2) million, or $(0.01) per diluted share. Third-quarter adjusted net income(1) was $2.2 million, or $0.06 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its third-quarter 2021 results on Wednesday, November 3, 2021, after the close of market. The company will host a conference call on Thursday, November 4, 2021, at 10:00 a.m. ET (9:00 a.m. CT) to discuss its results and outlook.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that Amy R. Davis and Robert W. Malone have been elected to the Company’s board of directors effective immediately. Additionally, the Company increased the size of the Board of Directors (the “Board”) from eight members to ten members.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, is hosting its 2021 Investor and Analyst Meeting where Aaron H. Ravenscroft, President and Chief Executive Officer, and other members of Manitowoc’s senior management team will discuss the Company’s strategies to achieve sustainable, long-term growth. The meeting with be held on Monday, December 13, 2021, at the New York Stock Exchange and via webcast at 9:00 a.m. Eastern Standard Time (EST)

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced the closing of the acquisition of the crane business of H&E Equipment Services, Inc. (“H&E”) NASDAQ: HEESNASDAQHEES)

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that it has completed the acquisition of substantially all the assets of Aspen Equipment Company (“Aspen”), a diversified crane dealer and a leading final-stage, purpose-built work truck upfitter for approximately $51 million.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that it has entered into a definitive agreement to acquire substantially all the assets of Aspen Equipment, Co. (“Aspen”), a diversified crane dealer and a leading final-stage, purpose-built work truck upfitter for approximately $51 million. The transaction is expected to close in September 2021 and is subject to customary closing conditions.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported second-quarter net income of $17.9 million, or $0.50 per diluted share. Second-quarter adjusted net income(1) was $21.2 million, or $0.60 per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its second-quarter 2021 results on Thursday, August 5, 2021, after the close of market. The company will host a conference call on Friday, August 6, 2021, at 10:00 a.m. ET (9:00 a.m. CT) to discuss its results and outlook.

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that it has entered into a definitive agreement to acquire the crane business of H&E Equipment Services, Inc. (“H&E”) NASDAQ: HEESNASDAQHEES)

The Manitowoc Company, Inc. (NYSEMTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, today announced that the Company experienced a cybersecurity incident, resulting in a systems outage. Upon identifying the issue, the Company promptly engaged an industry-leading third-party information technology firm and forensics specialist and legal counsel to assist in the investigation. Federal law enforcement has been notified, and the Company is diligently working to restore its systems. This matter has caused and may continue to cause a delay or disruption to the Company’s business.

The Manitowoc Company, Inc. (NYSEMTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will present at the Stifel Cross Sector Insight Conference on Thursday, June 10, 2021.

The Manitowoc Company, Inc. (NYSEMTW) announced that President and Chief Executive Officer Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer David J. Antoniuk will present at the Goldman Sachs Virtual Industrials & Materials Conference on Wednesday, May 12, 2021.

The Manitowoc Company, Inc. (NYSEMTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported a first-quarter net loss of ($3.1) million, or ($0.09) per diluted share. First-quarter adjusted net loss(1) was ($2.2) million, or ($0.06) per diluted share.

The Manitowoc Company, Inc. (NYSEMTW) announced today that it will release its first-quarter 2021 results on Wednesday, May 5, 2021, after the close of market. The company will host a conference call at 10:00 a.m. U.S. Eastern Time on Thursday, May 6, 2021 to discuss its results and outlook.