Manitowoc Company is a leading provider of lifting solutions, specializing in the design, manufacturing, and sales of cranes and related equipment for the construction and heavy industries
With a focus on innovative technology and engineering excellence, the company produces a range of products including tower cranes, mobile cranes, and boom trucks, catering to diverse customer needs across global markets. Manitowoc is committed to enhancing operational efficiency and safety through its advanced lifting technologies, while also prioritizing sustainability in its manufacturing processes and product development.
Let’s dig into the relative performance of Caterpillar (NYSECAT) and its peers as we unravel the now-completed Q4 construction machinery earnings season.
Shares of crane and lifting equipment company Manitowoc (NYSEMTW)
jumped 21.9% in the morning session after the company reported strong fourth-quarter results that significantly exceeded analysts' EPS expectations, with EBITDA also outperforming Wall Street estimates by a wide margin. However, backlog declined notably, and revenue remained flat compared to the prior year, inline with expectations. Looking ahead, the company remains focused on growing its non-new machine sales and expanding its aftermarket business, as highlighted by its recent distribution rights acquisition in the southeastern U.S. However, the backlog weakness raises concerns about future growth momentum.
Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.
Crane and lifting equipment company Manitowoc (NYSEMTW) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $596 million. Its non-GAAP profit of $3.70 per share was significantly above analysts’ consensus estimates.
Crane and lifting equipment company Manitowoc (NYSEMTW)
will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Terex (NYSETEX) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how construction machinery stocks fared in Q3, starting with Astec (NASDAQASTE).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Manitowoc (NYSEMTW) and its peers.
Over the last six months, Manitowoc’s shares have sunk to $10.56, producing a disappointing 13.2% loss - a stark contrast to the S&P 500’s 13.4% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction machinery stocks, including Caterpillar (NYSECAT) and its peers.
Crane and lifting equipment company Manitowoc (NYSEMTW) reported Q3 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $524.8 million. Its non-GAAP loss of $2.90 per share was 4,696% below analysts’ consensus estimates.
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Caterpillar (NYSECAT) and its peers.
