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Dec 31, 2019
Manitowoc Q4 2019 Earnings Report
Manitowoc reported an increase in fourth-quarter adjusted net income and strong cash generation, while backlog declined year-over-year.
Key Takeaways
Manitowoc reported fourth-quarter net income of $9.2 million, or $0.26 per diluted share. Adjusted net income improved 117% to $12.6 million, or $0.35 per diluted share. Adjusted EBITDA was $30.9 million, or 6.7% of sales. Adjusted operating cash flows increased $108.9 million from the comparable period in 2018, reaching $144.6 million. However, fourth-quarter orders decreased 2% from the prior year on a currency neutral basis, totaling $472.0 million.
Net sales were $463.4 million.
Adjusted EBITDA was $30.9 million.
Diluted earnings per share were $0.26, and $0.35 on an adjusted basis.
Cash flows from operating activities were $144.6 million.
Forward Guidance
The company provided full-year 2020 guidance, including net sales of approximately $1.6 to $1.7 billion and adjusted EBITDA of approximately $85 to $115 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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