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Mar 31, 2021
Manitowoc Q1 2021 Earnings Report
Manitowoc reported a net loss and an increase in net sales and adjusted EBITDA.
Key Takeaways
Manitowoc reported a first-quarter net loss of ($3.1) million, or ($0.09) per diluted share. Net sales in the first quarter increased 7.6% year-over-year to $354.3 million and Adjusted EBITDA of $21.1 million increased $4.8 million over the prior year.
Net sales increased 7.6% year-over-year to $354.3 million.
First-quarter net loss was ($3.1) million, or ($0.09) per diluted share.
Adjusted EBITDA of $21.1 million, or 6.0% of net sales, increased $4.8 million over the prior year.
First-quarter orders of $473.6 million increased 26.3% from the prior year.
Forward Guidance
Manitowoc is initiating full-year 2021 adjusted EBITDA guidance of $90 million to $105 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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