Manitowoc Company, Inc. (The) Common Stock (MTW)

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.