Manitowoc Company ( (MTW) ) has released its Q4 earnings. Here is a breakdown of the information Manitowoc Company presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The Manitowoc Company, Inc., headquartered in Milwaukee, Wisconsin, is a prominent global provider of engineered lifting solutions, specializing in the design, manufacturing, and support of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes. The company’s brands include Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift.
In the latest financial report, Manitowoc reported flat year-over-year net sales of $596.0 million for the fourth quarter of 2024, with a notable net income of $56.7 million. For the full year, net sales slightly decreased by 2.2% to $2,178.0 million, while non-new machine sales saw a modest increase. Despite challenges in the market, the company showed resilience with strong cash flow generation and maintained its strategic focus on the aftermarket business.
Key financial highlights include a fourth-quarter adjusted EBITDA of $34.9 million, a slight decrease from the previous year, and significant improvements in net cash provided by operating activities, which increased by $71.0 million. The company achieved a record revenue of $629.1 million from its aftermarket business, demonstrating the success of its CRANES+50 strategy and the growing demand for non-new machine sales.
Looking forward, Manitowoc is committed to expanding its aftermarket footprint in the U.S. with strategic acquisitions and showcasing new products at upcoming industry events. The company has set its full-year 2025 guidance for net sales between $2.175 billion and $2.275 billion, with adjusted EBITDA projected to range from $120 million to $145 million, positioning itself to continue delivering shareholder value through strategic growth and innovation.
