MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $1.5 million, or $0.04 per diluted share. Second-quarter adjusted net income(1) was $2.8 million, or $0.08 per diluted share. Orders in the second quarter were $453.9 million, a 6.0% increase from the prior year, resulting in backlog of $729.3 million. Net sales in the second quarter were $539.5 million a decrease of 4.0% from the prior year and included
Related Questions
Is the current profit margin sustainable given the lower sales and higher order intake?
What is driving the 4% decline in net sales despite a 6% increase in orders, and is this a temporary or structural issue?
How will the modest net income of $1.5M and adjusted net income of $2.8M affect Manitowoc's earnings guidance and valuation?
How does Manitowoc's Q2 performance compare to its key competitors in the construction equipment sector?
Will the growing backlog of $729.3M provide sufficient visibility for future revenue and cash flow forecasts?
What is the expected impact of the Q2 results on the company's dividend policy and payout ratio?
Will the Q2 earnings surprise (or lack thereof) trigger any changes in institutional or analyst sentiment toward MTW?
Are there any operational or macro‑economic factors that could affect Manitowoc's ability to convert the increased order book into sales?
How could the Q2 results impact short‑term technical indicators and the stock's price momentum?
What revisions, if any, might the company make to its 2025 outlook based on the Q2 results?