Last $20.84 USD
Change Today +0.99 / 4.99%
Volume 2.8M
MTW On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

manitowoc company inc (MTW) Snapshot

Open
$20.19
Previous Close
$19.85
Day High
$20.85
Day Low
$20.01
52 Week High
07/3/14 - $33.50
52 Week Low
10/15/14 - $16.24
Market Cap
2.8B
Average Volume 10 Days
3.2M
EPS TTM
$1.26
Shares Outstanding
135.5M
EX-Date
11/25/14
P/E TM
16.6x
Dividend
$0.08
Dividend Yield
0.38%
Current Stock Chart for MANITOWOC COMPANY INC (MTW)

manitowoc company inc (MTW) Related Businessweek News

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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

The Manitowoc Company, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capex Guidance for the Full Year 2014

The Manitowoc Company, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $986.3 million against $1,012.1 million a year ago. Operating earnings were $81.3 million against $103.3 million a year ago. Earnings from continuing operations before taxes on income were $56.3 million against $70.8 million a year ago. Earnings from continuing operations were $74.4 million or $0.54 per diluted share against $53.8 million or $0.40 per diluted share a year ago. Net earnings attributable to the company were $73.1 million or $0.53 per diluted share against $52.9 million or $0.39 per diluted share a year ago. Net cash provided from operating activities of continuing operations was $59.9 million against $116.1 million a year ago. Net cash provided from operating activities was $59.8 million against $115 million a year ago. Capital expenditures were $22.9 million against $26.3 million a year ago. Net earnings before special items were $50.1 million or $0.36 per diluted share against $54.5 million or $0.40 per diluted share a year ago. Cash provided by continuing operations was $59.9 million versus $116.1 million in the prior year quarter, driven by cash from profitability and partially offset by seasonal working capital requirements in both segments. For the nine months, the company reported net sales of $2,849.1 million against $2,943.8 million a year ago. Operating earnings were $230.3 million against $265.9 million a year ago. Earnings from continuing operations before taxes on income were $131 million against $164.5 million a year ago. Earnings from continuing operations were $127.3 million or $0.89 per diluted share against $129.7 million or $0.97 per diluted share a year ago. Net earnings attributable to the company were $110.9 million or $0.81 per diluted share against $120.9 million or $0.89 per diluted share a year ago. Net cash used for operating activities of continuing operations was $132.2 million against net cash provided from operating activities of continuing operations of $61.2 million a year ago. Net cash used for operating activities was $139.4 million against net cash provided from operating activities of $52.6 million a year ago. Capital expenditures were $57.9 million against $72.8 million a year ago. Net earnings before special items were $121.6 million or $0.88 per diluted share against $132 million or $0.98 per diluted share a year ago. For the full year 2014, the company continue to expect capital expenditures and depreciation and amortization will approximate $90 million, $120 million and $120 million, respectively and interest expense to be in the low-to-mid $90 million range. . For the remainder of 2014, anticipated cash flow generation will be allocated to fund various growth and process improvement initiatives, as well as debt repayment.

Manitowoc Foodservice Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reiterates Earnings Guidance for the Year 2014

Manitowoc Foodservice reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $417.1 million, up 3.8% from $401.9 million in the third quarter of 2013. The increase was driven by higher sales of hot side brands and ice/beverage equipment, as well as a favorable foreign exchange rate. Operating earnings were $61.9 million, down 10.9% versus $69.5 million for the third quarter of 2013. The year-over-year decrease in operating earnings was driven by greater sales volume in lower-margin products, higher commodity prices, and absence of any new product rollouts. For the nine months, the company reported net sales of $1,207.1 million against $1,142.2 million a year ago. Operating earnings were $185.7 million against $181.6 million a year ago. For the year 2014, the company expects revenue of low-to-mid single-digit percentage growth and operating margins of 15% range.

The Manitowoc Company, Inc. Declares Cash Dividend, Payable on December 10, 2014

The Board of Directors of The Manitowoc Company, Inc. declared a cash dividend of 8 cents per share of common stock, payable on December 10, 2014, to shareholders of record on November 28, 2014.

 

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Industry Analysis

MTW

Industry Average

Valuation MTW Industry Range
Price/Earnings 18.2x
Price/Sales 0.7x
Price/Book 3.1x
Price/Cash Flow 16.1x
TEV/Sales 0.2x
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