Manitowoc (MTW) Misses Q1 EPS by 1c
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The Manitowoc Company Reports First-Quarter 2017 Financial Results
May 8, 2017 4:39 PM EDTNew product innovation drives first-quarter orders of $488 million, an increase of 17% over prior year; financial results in line with expectations; disciplined cash management drives stable liquidity position at March 31, 2017
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) (Manitowoc) today reported first-quarter 2017 net sales of $305.8 million versus $427.4 million in the comparable period in 2016.
On a GAAP basis, the Company reported a net loss of ($36.0) million, or ($0.26) per diluted share, in the first-quarter 2017 versus a net loss of ($195.9) million, or ($1.43) per diluted share, in the first-quarter of 2016. The Companys... More
