Manitowoc First Quarter Earnings Call
26th May 2008 00:00 AM |
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| The company continues to leverage its leadership position in cranes and operating margin is the highest since the Grove acquisition in 2002. |
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| The provider of lifting equipment for the global construction industry reported record sales and earnings performance with first quarter net sales of $1.1 billion, representing an increase of 25% from $862.1 million in the year ago quarter. The quarterly EPS from continuing operations were 78 cents compared with 50 cents for the first quarter of 2007. The management announced that net sales, operating earnings and margins increased in all the three business segments. |
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Manitowoc Fourth Quarter Earnings Call
8th February 2008 00:00 AM |
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| The earnings were $99.2 million or 76 cents per share as against $43.9 million or 35 cents per share in the prior year quarter. |
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| The manufacturer of cranes, foodservice equipments and marine products, for the quarter, again set records for net sales of $1.12 billion, up 44% from prior year, as robust global construction activity continued to drive demand for the company''s lifting solutions. Manitowoc is witnessing strong growth in emerging markets, such as India, Eastern Europe, China, and the Middle East. The firm affirmed the current earnings guidance for 2008 of $3.20 to $3.40, excluding any unusual items. |
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Manitowoc Co First Quarter Earnings Call
20th June 2007 00:00 AM |
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| Earnings per share were $1.01 for the first quarter of 2007 compared to 48 cents for the first quarter of 2006. |
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| The manufacturer of cranes, foodservice equipment and marine products reported revenue of $862.1 million, an increase of 36% over the prior year quarter. The company showcased its outstanding portfolio of products for the entire lifting industry at Bauma show in Munich, and the response was outstanding. For the second time, the company is revising the earnings guidance for fiscal 2007 upwards and now expects earnings in a range of $4.40 to $4.50 per share, excluding special items. |
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