NYSE$MTW
Manitowoc Co Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Manitowoc Company reported fourth-quarter and full-year 2024 financial results, with fourth-quarter net income of $56.7 million and adjusted EBITDA of $34.9 million.
The Manitowoc Company reported fourth-quarter net income of $56.7 million, or $1.59 per diluted share, with net sales remaining relatively flat year-over-year at $596.0 million. Orders increased by 8.4% from the prior year, reaching $515.6 million.
- Fourth-quarter net sales were $596.0 million, relatively flat year-over-year.
- Net income for the fourth quarter was $56.7 million, or $1.59 per diluted share.
- Adjusted EBITDA for the fourth quarter was $34.9 million, a decrease of 4.4% year-over-year.
- Net cash provided by operating activities in the fourth quarter increased by $71.0 million to $110.8 million.
Headline financials
Revenue & EPS history
Manitowoc · Revenue · Quarterly
$596M
Revenue by segment
Manitowoc · $155M total across 1 segment · Q3 2023
- Non-new machine sales$155M—100.0%
Forward guidance
Manitowoc's full-year 2025 guidance projects net sales between $2.175 billion and $2.275 billion, with adjusted EBITDA ranging from $120 million to $145 million. The company anticipates free cash flows of $55 million to $85 million, excluding EPA payment.
Tailwinds
- Net sales projected between $2.175 billion and $2.275 billion.
- Adjusted EBITDA expected to be $120 million to $145 million.
- Free cash flows anticipated to be $55 million to $85 million (excluding EPA payment).
- Focus on continuing to grow non-new machine sales.
- Acquisition of distribution rights for Carolinas and Georgia expands aftermarket footprint in the U.S.
Headwinds
- Interest expense projected at $38 million to $40 million.
- Provision for income taxes estimated at $11 million to $15 million.
- Adjusted diluted earnings per share guidance is $0.15 to $0.85, indicating potential for lower profitability.
- Capital expenditures of $47 million, with $23 million allocated to the rental fleet, may impact immediate cash availability.
- No specific negative factors were highlighted in the guidance, but the ranges provided suggest potential variability in outcomes.
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 Q4 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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