Thu April 25, 2002
Manitowoc Announces First-Quarter 2002 Financial Results
The Manitowoc Company Inc. has announced record revenues for the first quarter ended March 31, 2002. Net sales increased 31 percent to $301.3 million, from $229.4 million for the same period in 2001. Earnings were $9.0 million, or $0.36 per diluted share, excluding a non-recurring charge, compared with $9.9 million, or $0.40 per diluted share, in the first quarter of 2001....
Mon March 25, 2002
Manitowoc Company Acquires Grove Worldwide, Expanding Crane Segment
The Manitowoc Company Inc., one of the leading worldwide manufacturers of high-capacity, lattice-boom crawler cranes and tower cranes, has announced that it has executed a definitive agreement to acquire Grove Worldwide is one of the leading manufacturers of mobile hydraulic cranes and truck-mounted cranes.
The acquisition, valued at approximately $270 million, will be funded by a combination of cash and approximately 2 million shares of Manitowoc common stock based on current market prices.
“Grove enhances our market-leading positions, represents a strong growth opportunity for our crane segment and fills a product void by adding mobile cranes to our product offerings....
Brenda Ruggiero - Wed January 30, 2002
Enduring Crane Companies Celebrate Delivery of New Manitowoc 777 Unit
Three companies with histories reaching back 75 years recently came together in Washington, D.C., when L.B. Smith Inc./Equipco delivered a new 777 Manitowoc lattice boom truck crane to Crane Service Company Inc....
Fri December 07, 2001
Manitowoc Performs Well in Third Quarter
Manitowoc performed well in the third quarter despite challenges. It generated significant cash flow, gained market share in all segments, and reported improvements in revenue and earnings. The cash flow enabled the company to reduce debt by more than $16 million more than the required levels....
Wed November 21, 2001
Manitowoc, Potain Finish Asia-Pacific Region Integration
Manitowoc Crane Group’s transition to a factory-direct sales and distribution hub serving the Asia-Pacific region is now complete after concluding a transaction with Coastal Equipment, Manitowoc’s former distributor in Hong Kong, Indonesia, Malaysia, Singapore and China....
Fri November 16, 2001
Potain Purchase Helps Boost Manitowoc’s Third Quarter Results
The Manitowoc Company Inc. has reported increased revenues and earnings, healthy margins, and strong cash flow for the third quarter ended Sept. 30, 2001.
Net sales increased 40.3 percent to $301 million, from $214.5 million for the same period in 2000.
Earnings for the quarter were $12.4 million, or 51 cents per diluted share, compared with $12.3 million, or 50 cents per diluted share in the third quarter of 2000....
Mon September 10, 2001
Manitowoc Completes Potain Acquisition
The future of the new globe-circling Manitowoc Crane Group is emerging first in Asia, as the plans for Manitowoc Potain Singapore PTE Ltd. have been unveiled.
The Manitowoc Potain Singapore business operation will be the first to combine the sales and services structures of the two leading crane makers in one market....
Tue July 24, 2001
Manitowoc Announces Second-Quarter Financial Results
The Manitowoc Company Inc. recently reported financial results for the second quarter ended June 30, 2001.
Net sales increased 22.4 percent to $298.2 million for the second quarter of 2001, from $243.6 million for the same period in 2000....
Thu May 10, 2001
Manitowoc Completes Acquisition of Potain
The Manitowoc Company Inc., a worldwide manufacturer of high-capacity, lattice-boom crawler cranes, announced that it has completed the acquisition of Potain, a worldwide manufacturer of tower cranes.
The final purchase price of the acquisition was $307.1 million....
Mon March 26, 2001
Manitowoc Announces Preliminary Results for the First Quarter 2001
The Manitowoc Company Inc. announced preliminary financial results for the first quarter ending March 31, 2001. The company anticipates that reported net sales for the first quarter will be in the range of $215 million to $225 million compared with the $202.0 million reported in the first quarter of 2000....
