Good morning, everyone, and welcome to the Manitowoc conference call to review the company's first-quarter 2020 financial performance, as outlined in last evening's press release. Participating on the call today are Barry Pennypacker, president and chief executive officer; and David Antoniuk, senior vice president and chief financial officer.

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MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported a first-quarter net loss of $7.8 million, or $0.22 per diluted share. First-quart…

The Manitowoc Company, Inc. (NYSE: MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, is providing a business update regarding the COVID-19 pandemic.

The impacts of the coronavirus outbreak on demand for Manitowoc's (MTW) products and services, and supply chain will likely get reflected in this year's results.

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Manitowoc (MTW) delivered year-over-year growth in fourth-quarter earnings despite weaker-than-expected revenues aided by continued operational improvements.

Q1 2020 Manitowoc Company Inc Earnings Call

Focus on cost controls, increasing productivity and pricing actions are likely to drive the margins for Manitowoc (MTW).

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The Manitowoc Company, Inc. (NYSE:MTW) shares fell 2.7% to US$14.06 in the week since its latest full-year results. It...

Manitowoc (MTW) reports a loss in the first quarter on lower revenues owing to the impact of COVID-19 pandemic on demand.

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The Zacks Analyst Blog Highlights: Graco, Tennant, Lindsay, Manitowoc and Enerpac

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MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) today issued the following statement in response to the announcement by the United States Department of Commerce that the agency will initiate a 232 investigat…

Moody's Investors Service ("Moody's") confirmed the ratings of The Manitowoc Company, Inc. ("Manitowoc") including the company's B2 corporate family rating (CFR), B2-PD probability of default rating (PDR), and B2 rating on the company's $300 million senior secured second lien notes due 2026. Also, the company's SGL-3 speculative grade liquidity rating is unchanged.

The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its first-quarter financial results on Thursday, May 7, 2020, after the close of market. The company will host a conference call at 10:00 a.m. U.S. Eastern Time on Friday, May 8, 2020 to discuss its results. The call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the "Events & Presentations" section. In addition, the call will be recorded and available for replay on the website.

Moody's Investors Service ("Moody's") placed The Manitowoc Company, Inc.'s ("Manitowoc") ratings under review for downgrade, including: the B2 corporate family rating (CFR), B2-PD probability of default rating (PDR), and B2 senior secured debt rating. The review will focus on (i) the extent to which the coronavirus pandemic impacts the company's operations and profitability, which will be largely dependent on the duration and severity of the outbreak, and how it ultimately impacts the construction sector; (ii) Manitowoc's response to the challenges presented by the pandemic including the speed and efficiency by which the company is able to right size its cost structure to align with anticipated demand, and (iii) the company's overall liquidity position, which will be evaluated in the context of a potentially deep and prolonged downturn.

MTW earnings call for the period ending March 31, 2020.

The Manitowoc Company, Inc. (NYSE: MTW) announced that President and Chief Executive Officer Barry L. Pennypacker will make a presentation and participate in a Q&A with institutional investors at the Association of Equipment Manufacturers (AEM) Investor Conference at CONEXPO-CON/AGG 2020 on March 11, 2020, in Las Vegas, Nevada.

The Manitowoc Company, Inc. (NYSE: MTW), (the "Company" or "Manitowoc") today issued the following statement in response to the announcement by the United States Department of Commerce that the agency will initiate a 232 investigation of mobile crane imports. The Commerce Department’s investigation is in response to a petition Manitowoc filed in December.

Manitowoc (MTW) banks on cost controls, productivity initiatives, and innovation amid the coronavirus induced crisis.

The Manitowoc Company, Inc. (NYSE: MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today reported a first-quarter net loss of $7.8 million, or $0.22 per diluted share. First-quarter adjusted net loss(1) of $6.3 million, or $0.18 per diluted share, declined $9.0 million year-over-year. First-quarter adjusted net loss included $4.0 million of other expense – net, or $0.11 per diluted share, primarily related to foreign currency losses. The Company also reported net sales of $329.2 million and adjusted EBITDA(1) of $16.3 million, or 5.0% of sales.

Q4 2019 Manitowoc Company Inc Earnings Call