NYSE$MTW

Manitowoc Co Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Manitowoc reported a net loss and an increase in net sales and adjusted EBITDA.

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.

Headline financials

Total Revenue

$354M

Previous: $329M+7.6%
EPS (adj)

-$0.06

Previous: -$0.18+66.7%
Orders

$474M

No prior period
Backlog

$663M

No prior period
Capital Expenditures

-$8M

Previous: -$3.6M-122.2%
Free Cash Flow

-$11.1M

Previous: -$11.4M+2.6%
Net Income

-$3.1M

Previous: -$7.8M+60.3%
Operating Income

$10.7M

Previous: $5.7M+87.7%
Gross Profit

$68.4M

Previous: $63.2M+8.2%
Cash & Equivalents

$159M

Previous: $104M+53.0%
Total Assets

$1.63B

Previous: $1.58B+2.8%
Stock-Based Comp

$2.5M

Previous: $3.4M-26.5%

Revenue & EPS history

Manitowoc · Revenue · Quarterly

$354M

Q1 2021+7.6%vs Q1 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Manitowoc · $155M total across 1 segment · Q3 2023

  • Non-new machine sales
    $155M

Forward guidance

Manitowoc is initiating full-year 2021 adjusted EBITDA guidance of $90 million to $105 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+0.4%

Avg return

30 days after

37%

25 / 68 earnings

Positive

+20.0%

Q3 2019

Best reaction

-23.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-4.7%-13.4%
Q4 2025+2.0%-3.8%-15.7%
Q3 2025-7.8%-10.3%+1.0%
Q1 2025+3.3%+32.1%+31.7%
Q4 2024+1.3%+11.6%-12.8%
Q3 2024-14.2%-8.5%+2.5%
Q2 2024-14.5%-13.7%-15.3%
Q1 2024-2.9%-2.7%-6.6%
Q4 2023-19.5%-18.6%-20.8%
Q3 2023+6.4%+9.5%+19.2%
Q2 2023-9.6%-6.3%-16.4%
Q1 2023-9.8%-8.8%-4.3%
Q4 2022+13.7%+26.0%+17.5%
Q3 2022-7.6%+5.7%-3.0%
Q2 2022-7.5%-5.3%-19.9%
Q1 2022-8.5%-16.3%-3.0%
Q4 2021-8.3%-4.5%-8.8%
Q3 2021-3.6%-2.0%-15.6%
Q2 2021+6.2%+15.7%-0.8%
Q1 2021+9.3%+3.3%+9.2%
Q4 2020-4.2%-2.9%+36.1%
Q3 2020+18.4%+38.2%+59.3%
Q2 2020-10.8%-4.7%-14.9%
Q1 2020-2.2%-11.1%+38.7%
Q4 2019-23.5%-21.5%-32.7%
Q3 2019+20.0%+17.7%+19.9%
Q2 2019+8.8%+2.5%-19.5%
Q1 2019-6.1%-8.4%-15.1%
Q4 2018-6.8%-1.0%+5.3%
Q3 2018+7.4%+2.0%-7.9%
Q2 2018-1.5%-7.3%-5.7%
Q1 2018-0.7%+0.5%+11.8%
Q4 2017-6.3%-7.4%-18.3%
Q3 2017-0.7%-1.0%-2.2%
Q2 2017+8.0%+9.8%+10.8%
Q1 2017+10.9%+6.3%-0.9%
Q4 2016-7.9%-4.7%-7.0%
Q3 2016-3.5%-3.5%+49.0%
Q2 2016-16.6%-17.6%-14.9%
Q1 2016+4.8%
Q4 2015+10.1%
Q3 2015+1.3%
Q2 2015+0.8%
Q1 2015-0.6%
Q4 2014-1.9%
Q3 2014+5.9%
Q2 2014-12.1%
Q1 2014-8.7%
Q4 2013+17.1%
Q3 2013+4.9%
Q2 2013+4.7%
Q1 2013-8.3%
Q4 2012+6.5%
Q3 2012-1.0%
Q2 2012+1.9%
Q1 2012-11.3%
Q4 2011-3.2%
Q3 2011-5.6%
Q2 2011+6.1%
Q1 2010-2.2%
Q1 2011-1.5%
Q4 2010-4.3%
Q4 2008-4.3%
Q3 2009-1.9%
Q3 2010-1.9%
Q4 2009-3.6%
Q2 2009-3.6%
Q2 2010-3.6%

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