Manitowoc Company is a leading provider of lifting solutions, specializing in the design, manufacturing, and sales of cranes and related equipment for the construction and heavy industries
With a focus on innovative technology and engineering excellence, the company produces a range of products including tower cranes, mobile cranes, and boom trucks, catering to diverse customer needs across global markets. Manitowoc is committed to enhancing operational efficiency and safety through its advanced lifting technologies, while also prioritizing sustainability in its manufacturing processes and product development.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Terex (NYSETEX) and its peers.
Founded in 1902, MTW provides engineered lifting solutions for numerous industries, from housing to helipads. They serve these diverse markets through a comprehensive product line of mobile hydraulic cranes, lattice-boom crawler cranes, etc.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how construction machinery stocks fared in Q3, starting with Astec (NASDAQASTE).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Manitowoc (NYSEMTW) and its peers.
Over the last six months, Manitowoc’s shares have sunk to $10.56, producing a disappointing 13.2% loss - a stark contrast to the S&P 500’s 13.4% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction machinery stocks, including Caterpillar (NYSECAT) and its peers.
Crane and lifting equipment company Manitowoc (NYSEMTW) reported Q3 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $524.8 million. Its non-GAAP loss of $2.90 per share was 4,696% below analysts’ consensus estimates.
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Caterpillar (NYSECAT) and its peers.
