MTW News & Events

The Manitowoc Company announced that Jennifer Peterson has been appointed Executive Vice President, Chief Legal and People Officer, and Secretary. In her expanded role, Peterson will lead Manitowoc's global human resources, legal, and risk management functions.

Following Friday's broad-based gains, U.S. equity markets continued their rebound on Monday, with Basic Materials leading the charge but Technology - a sector responsible for much of the volatility last week - also extending its gains.  The Software Application group was still mixed, but Semiconductors and AI-related large-cap Software Infrastructure traded with greater conviction as Nvidiarose 2.5%, Microsoftrallied 3%, and Oracle- down 60% from September high as recently as last week - spiked 10%.  In the opening hour of the evening session, futures are in consolidation mode - S&P e-minis and Nasdaq 100 are both trading flat.Strength in commodities continues to drive in bid in Basic Materials and Energy - the top two sectors year-to-date.  In the evening session, WTI Crude Oil remains above $64 per barrel, with Gold and Silver at $5,060 and just shy of $82 per ounce respectively.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Ichorup 19.7&Credo Technologyup 14.6%AECOMup 3.2%Amkor Technologyup 2.5%ALSO HIGHER -RingCentralup 5.3% after entering S&P SmallCap 600DOWN AFTER EARNINGS -Upworkdown 24.2%Goodyear Tire & Rubberdown 11.0%Amentum Holdingsdown 10.8%ZoomInfodown 6.0%Principal Financial Groupdown 5.5%ON Semidown 5.0%Medpace Holdingsdown 4.8%Manitowoc Companydown 2.2%ALSO LOWER -REGENXBIOdown 17.1% after FDA issues CRL for BLA for RGX-121

Reports Q4 revenue $677.1M, up 13.6% year-over-year. "I am really proud of the team's strong finish to a challenging year. We ended the fourth quarter with orders in excess of $800 million, $40 million in adjusted EBITDA, and free cash flow of $78 million. For the year, our adjusted EBITDA was $122 million, in line with our expectations. In addition, we continued to execute our CRANES+50 strategy, ending the year with over $690 million in non-new machine sales," said Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc.