NYSE$MTW
Manitowoc Co Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Manitowoc reported a net sales increase of 13.8% year-over-year, driven by strong order rates and positive customer sentiment, despite facing inflation and supply chain challenges.
Manitowoc reported a third-quarter loss of $(0.2) million, or $(0.01) per diluted share. Adjusted net income was $2.2 million, or $0.06 per diluted share. Net sales increased 13.8% year-over-year to $404.5 million. Orders increased 37.3% over the prior year, and backlog totaled $890.6 million, up 91.6% year-over-year.
- Net sales increased 13.8% year-over-year to $404.5 million.
- Orders increased 37.3% year-over-year to $535.2 million.
- Backlog as of September 30, 2021, totaled $890.6 million, up 91.6% year-over-year.
- The company updates its full-year 2021 guidance, including the acquisitions of Aspen Equipment and the H&E crane business.
Headline financials
Revenue & EPS history
Manitowoc · Revenue · Quarterly
$405M
Revenue by segment
Manitowoc · $155M total across 1 segment · Q3 2023
- Non-new machine sales$155M—100.0%
Forward guidance
Manitowoc updates its full-year 2021 guidance, which now includes the acquisitions of Aspen Equipment and the H&E crane business.
Tailwinds
- Revenue – approximately $1.725 to $1.775 billion
- Adjusted EBITDA – approximately $100 to $110 million
- Depreciation – approximately $40 to $45 million
- Interest expense – approximately $28 to $30 million
- Income tax expense – approximately $10 to $14 million, excluding discrete items
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 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
| 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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