Double Rise At Manitowoc | Crane Plus

Double Rise At Manitowoc | Crane Plus:



Third quarter sales at Manitowoc were US$450 million, up 13 percent on the $399 million for the same quarter in 2017.
The company attributed the increase to improved crane shipments across all regions, with the USA and Asia Pacific markets generating the majority of the increase.
News Image
Order backlog was $700.2 million at the end of September 2018, up 50 % from the third-quarter of 2017. Operating income was $16.9 million, ($21.5 million on an adjusted basis), against $9.8 million ($13.5 million on an adjusted basis) in the prior year. Adjusted EBITDA was $30.5 million compared to $22.7 million a year earlier. It was a $7.8 million, or 34 %, improvement.
“The Manitowoc team continues to deliver excellent results with our sixth consecutive quarter of year-over-year adjusted EBITDA percentage improvement,” commented Barry Pennypacker, Manitowoc president and chief executive Officer. “Our operational progress using the principles of The Manitowoc Way continue to produce measurable improvements in a very competitive market environment.”
News Image
Pennypacker continued, “We, as other industrial manufacturers, are not immune to supply chain challenges as well as significantly higher input costs. The team has done an excellent job of effectively managing through these headwinds, while maintaining our focus on delivering our financial commitments.”
In outlook Manitowoc forecasts a total revenue for 2018 of $1.800 to $1.825 billion and an adjusted EBITDA figure between $105 and $115 million.
News Image




Double Rise At Manitowoc. We publish all the latest information from this industry. Read full news

Comments

Post a Comment

Popular posts from this blog

SARENS Opens Four New Depots Worldwide | Crane Plus

Image
SARENS Opens Four New Depots Worldwide | Crane Plus : Sarens is pleased to announce the opening of four new crane depots in France, the Czech Republic, Russia and the UK as part of a strategy to reach local customers in new markets.  The depots will expand Sarens’ rental and maintenance capabilities at a time when clients are investing more in OPEX (maintenance and upgrade of existing facilities) than CAPEX (greenfields and new infrastructure). The four new depot locations include:   1 Hradec Kralove, Czech Republic 2 Pierrelaye near Paris, France 3 Hinkley Point in Bridgwater, UK 4 Kazan, Russia  The depots are being added to existing business units and will offer cost-effective crane rental services to local clients. They will serve multiple sectors with a fleet of smaller cranes that can be used safely and continuously. They will also be able to assist with larger operations, for example during shutdowns when larger cranes are needed in addition to smaller ones.  As Sarens has lea
Read more

Escorts - K-10, 10 Tons Crane For Hire in Ichalkaranji, Maharashtra, India (CP0013313) | Crane Plus

Image
Escorts - K-10, 10 Tons Crane For Hire in Ichalkaranji, Maharashtra, India (CP0013313) | Crane Plus 0 Farana Escorts - K-10 of Capacity 10 Tons For Hire in Ichalkaranji, Maharashtra, India (CP0013313) | Crane Plus CRANE SPECIFICATIONS CRANE ID : CP0013313 Type : Farana Make : Escorts Model : K-10 Capacity : 10 Tons Boom : 65   Fts Mtrs Jib : -   Fts Mtrs Location : Ichalkaranji, Maharashtra, India --------------
Read more

Escorts - F-15, 14 Tons Crane For Sale in Baroda, Gujarat, India (CP0012195) | Crane Plus

Image
Escorts - F-15, 14 Tons Crane For Sale in Baroda, Gujarat, India (CP0012195) | Crane Plus : 2012 Farana Escorts - F-15 of Capacity 14 Tons For Sale in Baroda, Gujarat, India (CP0012195) | Crane Plus CRANE SPECIFICATIONS CRANE ID : CP0012195 Type : Farana Make : Escorts Model : F-15 Capacity : 14 Tons Boom : 17.6   Mtrs Fts Jib : 2.6   Mtrs Fts Year : 2012 Location : Baroda, Gujarat, India Crane Desc. : Safe Load Indicator is Available with cutoff, Front Outrigger, Dragging Winch, The Farana is in good working Condition.
Read more