NYSE$MTW
Manitowoc Co Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Manitowoc's first quarter performance aligned with expectations, with orders up year-over-year and a strong backlog.
Manitowoc reported a decrease in net sales by 2.6% year-over-year to $495.1 million. Diluted net income per share was $0.12, and adjusted diluted net income per share was $0.14. First-quarter orders increased by 5.6% year-over-year, resulting in a backlog of $971.3 million.
- Net sales decreased by 2.6% year-over-year to $495.1 million.
- Diluted net income per share was reported at $0.12, with an adjusted EPS of $0.14.
- Adjusted EBITDA was $31.3 million, with a margin percentage of 6.3%.
- Orders increased by 5.6% year-over-year to $554.1 million, leading to a backlog of $971.3 million.
Headline financials
Revenue & EPS history
Manitowoc · Revenue · Quarterly
$495M
Revenue by segment
Manitowoc · $155M total across 1 segment · Q3 2023
- Non-new machine sales$155M—100.0%
Forward guidance
Manitowoc remains focused on reducing inventory and generating free cash flows for the balance of 2024.
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 2024
-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
| Quarter | Report date | Reaction (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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