Last $31.02 USD
Change Today +0.04 / 0.13%
Volume 1.7M
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

manitowoc company inc (MTW) Snapshot

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03/21/14 - $32.80
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06/24/13 - $16.18
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manitowoc company inc (MTW) Details

The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. It operates in two segments, Cranes and Related Products, and Foodservice Equipment. The Cranes and Related Products segment offers lattice-boom cranes, including crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, including rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks, such as telescopic boom trucks under Manitowoc, Grove, Potain, National Crane, Shuttlelift, and Crane Care brands. Its products are used for various applications, including energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction industries. This segment also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand name. The Foodservice Equipment segment provides cooking and warming equipment; ice machines and storage bins; refrigerator and freezer equipment; beverage dispensers and related products; serving and storage equipment; and food preparation equipment. This segment offers its products under Cleveland, Convotherm, Delfield, Frymaster, Garland, Inducs, KitchenCare, Koolaire, Kolpak, Kysor Panel Systems, Lincoln, Manitowoc, Merrychef, Multiplex, and Servend brands. Its products are used by commercial and institutional foodservice operators, such as full service restaurants, quick-service restaurant chains, hotels, caterers, supermarkets, convenience stores, business and industry, hospitals, schools, and other institutions. This segment also provides parts and aftermarket services under the KitchenCare brand. The company was founded in 1853 and is based in Manitowoc, Wisconsin.

13,400 Employees
Last Reported Date: 02/21/14
Founded in 1853

manitowoc company inc (MTW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $985.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $457.0K
Senior Vice President and President of Crane ...
Total Annual Compensation: $460.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $412.0K
Senior Vice President of Human Resources & Ad...
Total Annual Compensation: $420.0K
Compensation as of Fiscal Year 2013.

manitowoc company inc (MTW) Key Developments

Manitowoc Co. to Cut 150 Jobs in Manitowoc over the Next Two Years

Manitowoc Co. announced that it's moving production of Indigo ice machines to Mexico. The company also announced the transfer will cut 150 jobs in Manitowoc over the next two years. The production is being moved to a plant in Monterrey. The transfer will allow it to "more effectively serve" customers in Latin America and the U.S. Manitowoc's Foodservice plant will continue to produce ice machine evaporators and other products.

The Manitowoc Company, Inc. Appoints Mary Ellen Bowers as a Corporate Officer

The Board of Directors of The Manitowoc Company, Inc. named Mary Ellen Bowers as a corporate officer of the company Feb. 28. Bowers was recently appointed executive vice president of corporate development, where she has primary responsibility for the development of Manitowoc's strategic business plans supporting the company's long-term commitment to disciplined growth and its EVA culture. Prior to joining Manitowoc, Ms. Bowers was vice president and general manager, Aerospace and Industrial Products of Alcoa, Inc.

The Manitowoc Company, Inc. Announces Executive Changes

The Manitowoc Company, Inc. announced that Therese Houlahan has been elected treasurer by the company's board of directors effective March 03, 2014. As treasurer of The Manitowoc Company, Ms. Houlahan will be responsible for global cash management, foreign currency, commodity and interest rate hedging strategies, and the management of bank and debt-market relationships. In addition, she will maintain custody and will be accountable for all cash, securities, and financial assets of The Manitowoc Company. Ms. Houlahan succeeds Dean Nolden, who has transitioned to the position of executive vice president of finance for Manitowoc's Crane segment. Prior to joining The Manitowoc Company, Ms. Houlahan served as treasurer of Kaydon Corporation since 2012.


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