The Manitowoc Company, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:05 pm EST
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The Manitowoc Company, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 595.8 million compared to USD 621.6 million a year ago. Net loss was USD 7.9 million compared to USD 144.1 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 4.1 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 4.1 a year ago.
For the full year, sales was USD 2,227.8 million compared to USD 2,032.5 million a year ago. Net income was USD 39.2 million compared to net loss of USD 123.6 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to basic loss per share from continuing operations of USD 3.51 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to diluted loss per share from continuing operations of USD 3.51 a year ago.
The Manitowoc Company, Inc. is a provider of engineered lifting solutions. The Company, through its wholly owned subsidiaries, designs, manufactures, markets, distributes, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names. Its segments include Americas segment, Europe and Africa (EURAF) segment and Middle East and Asia Pacific (MEAP) segment. The Americas segment includes the North America and South America continents. The EURAF segment includes the Europe and Africa continents, excluding the Middle East region. The MEAP segment includes the Asia and Australia continents and the Middle East region. Its crane products are used in a variety of applications throughout the world, including energy production/distribution and utility, petrochemical and industrial, and infrastructure.
THE MANITOWOC COMPANY, INC. 
