Manitowoc (MTW) Tops Q3 EPS by 11c
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The Manitowoc Company Reports Third-Quarter 2017 Financial Results
November 6, 2017 4:54 PM ESTOrders Grow 21% year over year; Revenue increased 14% from Q3, 2016; GAAP EPS of $0.07; Reaffirms full-year 2017 guidance
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, today reported third-quarter net sales of $399.4 million, diluted EPS (DEPS) on a GAAP basis of $0.07 and $0.09 on an adjusted basis.
Third-quarter orders of $376.1 million were up 21% from the comparable period in 2016. Backlog totaled $467.9 million at September 30, 2017, up 32%, from the third-quarter 2016 ending backlog of $353.6 million.
Third-quarter 2017 net sales were $399.4 million versus $349.8 million... More
