NYSE$MTW
Manitowoc Co Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Net sales decreased due to lower sales volume, but were favorably impacted by foreign currency exchange rates, while orders increased due to stronger than anticipated demand.
Manitowoc reported a net loss of $(0.4) million, or $(0.01) per diluted share, but adjusted net income was $3.5 million, or $0.10 per diluted share. Net sales decreased 20.6% year-over-year to $355.6 million, while orders increased 10.5% from the prior year. The company ended the quarter with nearly $400 million of liquidity.
- Third-quarter orders increased 10.5% from the prior year.
- Backlog as of September 30, 2020 totaled $464.8 million, approximately flat to prior year.
- Ended the third quarter with nearly $400 million of liquidity.
- Company continues to invest in the future with new product development programs remaining on-track.
Headline financials
Revenue & EPS history
Manitowoc · Revenue · Quarterly
$356M
Revenue by segment
Manitowoc · $155M total across 1 segment · Q3 2023
- Non-new machine sales$155M—100.0%
Forward guidance
The Company’s fourth-quarter forecast for revenue is between $425.0 million and $450.0 million and between $18.0 million and $23.0 million for adjusted EBITDA.
Tailwinds
- Revenue is forecasted between $425.0 million and $450.0 million
- Adjusted EBITDA is forecasted between $18.0 million and $23.0 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 Q3 2020
-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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