MANITOWOC COMPANY Reports Impressive Q4 Results: GAAP EPS Beats by $0.33, Revenue Beats by $28.33M

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Manitowoc Company ($NYSE:MTW), Inc. is a leading global manufacturer of cranes and other construction equipment and products, providing services to the construction, energy, transportation, and mining industries. The company recently reported impressive fourth-quarter results that beat analysts’ expectations. Manitowoc reported GAAP earnings per share of $0.46, exceeding estimates by $0.33. Total revenue for the company was reported at $508.3M, surpassing estimates by an impressive $28.33M. These results reflect the increasing demand for Manitowoc’s products and services in the global market.

The strong performance of the company’s cranes, reach stackers, and other construction equipment and products drove the impressive fourth-quarter results. The company expects to continue to build on its success in the coming year, as demand for its products and services continues to grow across the globe. The company is continuing to pursue cost savings initiatives and is confident that its long-term goals will be achieved. With its fourth-quarter results, Manitowoc has demonstrated its ability to deliver strong financial performance in a highly competitive marketplace.

Earnings

MANITOWOC COMPANY recently released its Fourth Quarter financial report, and the results are impressive. According to the report, total revenue for the quarter ending December 31 2022 was 621.6M USD, representing a 24.9% increase compared to the previous year. Net income, however, was 144.1M USD, representing a decrease in comparison to the previous year. The total revenue of MANITOWOC COMPANY has seen an impressive increase in the last 3 years, from 430.3M USD to 621.6M USD.

This impressive growth is not only a result of increased sales and market penetration, but also due to cost-saving measures and operational efficiency improvements. Despite the decrease in net income, MANITOWOC’s results still managed to beat expectations, with GAAP EPS of $0.33 and revenue of $28.33M.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Manitowoc Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Manitowoc Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Manitowoc Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Manitowoc Company are shown below. More…

Market Price

On Tuesday, MANITOWOC COMPANY reported impressive fourth quarter results that beat analyst estimates. As a result, their stock opened at $16.4 and closed at an impressive $16.9, representing a 4.3% increase from their prior closing price of $16.2. The company reported GAAP EPS of $0.33 higher than analyst estimates and a revenue beat of $28.33M. These results demonstrate the strength of MANITOWOC’s operations and are indicative of a bright future for the company.

Investors have reacted positively to these results and the stock has seen a significant uptick in value. Overall, the quarterly results indicate that MANITOWOC is well positioned to continue its success and deliver further value to shareholders. With increasing demand for their products and services, the company is set to continue its growth trajectory in the coming quarters. Live Quote…

Analysis

GoodWhale conducted an analysis of MANITOWOC COMPANY‘s wellbeing. Based on our Star Chart, MANITOWOC COMPANY is classified as a ‘rhino’ type of company, with moderate revenue or earnings growth. This may be of interest to investors seeking companies that have achieved a certain level of growth, but may be looking for further potential. MANITOWOC COMPANY has an intermediate health score of 4/10, which may indicate its ability to pay off debt and fund future operations. Furthermore, its rating in the various categories of the Star Chart are strong in terms of profitability, medium in asset and weak in dividend and growth. This may be of particular interest to investors looking for a higher risk-reward profile. More…

Peers

There is intense competition between Manitowoc Co Inc and its competitors Palfinger AG, Wacker Neuson SE, Volvo AB. All four companies are fighting for market share in the construction equipment industry. Manitowoc Co Inc has a strong presence in North America, while its competitors have a strong presence in Europe and Asia.

– Palfinger AG ($OTCPK:PLFRF)

Palfinger AG is a leading provider of innovative lifting, loading, and handling solutions. The company has a market capitalization of 704.98 million as of 2022 and a return on equity of 14.32%. Palfinger AG designs, manufactures, and markets a broad range of products, including cranes, aerial work platforms, and hydraulic loader arms. The company’s products are used in a variety of industries, including construction, agriculture, forestry, recycling, and material handling.

– Wacker Neuson SE ($OTCPK:WKRCF)

Wacker Neuson SE, with a market cap of 1.01B as of 2022, is a construction equipment company with a return on equity of 9.24%. The company has a strong focus on innovation and has a wide range of products that serve the construction, agriculture, and landscaping industries.

– Volvo AB ($OTCPK:VLVLY)

Volvo AB, together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Sweden, China, and internationally. The company operates through four segments: Trucks, Construction Equipment, Buses, and Financial Services. The Trucks segment offers medium to heavy-duty trucks. The Construction Equipment segment provides wheel loaders, articulated haulers, backhoe loaders, excavators, and compact equipment. The Buses segment offers city buses, intercity buses, coaches, and bus chassis. The Financial Services segment offers financing, leasing, and insurance products to its customers and dealers. Volvo was founded in 1915 and is headquartered in Gothenburg, Sweden.

Summary

Manitowoc Company is a leading global manufacturer of cranes and food service equipment. Its recent financial performance has been impressive, with its most recent GAAP EPS of $0.46 exceeding expectations by $0.33 and revenue of $508.3M beating estimates by $28.33M. This strong performance was reflected in the stock price, which moved up on the same day. Investors should consider the company’s strong financial performance and the potential for future growth when making investment decisions. The company provides a range of products, from cranes to food service equipment, that are used by customers from various industries, providing investors with a unique opportunity to diversify their portfolios.

Additionally, the company has a history of success and is well-positioned to capitalize on upcoming industry trends.