MARKET COMPOSITE
MTW - Manitowoc Co., Inc.8:00:01 PM 4/24/2024
Price
$13.07
+ 0.05 (0.38%)
The Manitowoc Company, Inc. was founded in 1902 and, through its wholly owned subsidiaries, designs, manufactures, markets, and supports mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names. Manitowoc Company, Inc. was founded by Charles West and Elias Gunnell in the lakeshore community of Manitowoc, Wisconsin, in 1902. It was known as a shipbuilding and ship-repair company under the name Manitowoc Shipbuilding Company. The company grew and diversified, entering the lattice-boom crane business in the mid-1920s and branching into commercial refrigeration equipment shortly after World War II. During World War II, the Department of the Navy contracted Manitowoc to build a total of 28 submarines, plus the canceled USS Chicolar . Before they built the submarines for the Department of the Navy, the company built car ferries.[citation needed] In November 2002, the company acquired the Grove Crane company for approximately $271 million. In March 2016, Manitowoc completed the tax-free spin-off of its food service equipment operations, placing itself as a standalone crane company.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue595.8MM+14%
Gross Profit99.1MM+2%
Cost Of Revenue496.7MM+17%
Operating Income9.8MM-46%
Operating Expenses89.3MM-
Net Income-7.9MM-176%
Amortization800K+14%
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