MTW Stock Recent News

The Manitowoc Company, Inc. (MTW) reported earnings 30 days ago. What's next for the stock?

Manitowoc is undervalued at its current stock price of $13.50 per share and could be worth double on a comparative basis. The company's focus on used-crane sales and the rental market allows it to compete in emerging markets and capture sales that would have otherwise been priced out. The company's new management and strategic plan have not been completely successful, and there are concerns about unanswered questions and competition in the industry.

Manitowoc (MTW) delivers y/y improvement in earnings and revenues in the third quarter backed by solid demand.

MILWAUKEE, Wis.--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that its management will participate in three upcoming investor conferences: Baird 2023 Global Industrial Conference on Tuesday, November 7, 2023 with a fireside chat at 3:55 p.m. ET (2:55 p.m. CT) Bank of America Leveraged Finance Conference on Tuesday, November 28 and Wednesday, November 29, 2023 (morning) with a fireside chat at 10:50 a.m. ET (9:50 a.m. CT) on November 29 UBS Industrials Summit on Wedne.

The Manitowoc Company Inc. (NYSE:MTW ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Ion Warner - Senior Vice President of Marketing and Investor Relations Aaron Ravenscroft - President and Chief Executive Officer Brian Regan - Executive Vice President and Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Clay Nelson - Goldman Sachs Mig Dobre - Baird Operator Hello and welcome to The Manitowoc Company Third Quarter 2023 Earnings Call. [Operator Instructions] I will now turn the conference over to Ion Warner.

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its third-quarter 2023 results on Wednesday, November 1, 2023, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, November 2, 2023, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. A replay of the co.

Here is how The Manitowoc Company, Inc. (MTW) and Parker-Hannifin (PH) have performed compared to their sector so far this year.

Strong demand in its end-markets, efforts to grow its aftermarket sales and bringing innovative products will continue to drive Manitowoc (MTW).

Manitowoc (MTW) is well-poised to gain from solid demand, ongoing focus on product innovation and efforts to grow its higher-margin aftermarket business.

The Manitowoc Company specializes in custom-engineered lifting solutions, manufacturing various crane types for industries such as petrochemical, industrial, and infrastructure projects. Manitowoc demonstrated outstanding performance in earnings, surpassing expectations in revenue and earnings per share. Analysts rate Manitowoc as a "hold" with a potential 30.45% return, and the company's balance sheet shows solid financial strength and potential for future growth.