MTW Earnings Prediction
The chart below shows how MTW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MTW sees a -2.34% change in stock price 10 days leading up to the earnings, and a -1.28% change 10 days following the report. On the earnings day itself, the stock moves by +3.65%. This data can give you a slight idea of what to expect for the next quarter's release.
MTW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
524.80M
0.75%
-6.64%
Gross Margin
16.56%
-10.24%
-5.86%
Operating Margin
2.95%
-18.73%
-19.40%
Net Margin
-1.33%
-166.50%
-575.00%
EPS
-0.20
-168.97%
-600.00%
No Data Available
MTW Earnings Analysis
The Manitowoc Company, Inc. Corporation (MTW.N) Earnings Conference Call
Positive
Used Crane Sales Surge: 1. Non-New Machine Sales Growth: Non-new machine sales increased by 9% year-over-year to $169 million, driven primarily by used crane sales, reflecting strong progress in the CRANES+50 strategy.
Solid Backlog Position: 2. Strong Backlog Position: The company ended the quarter with a backlog of $742 million, indicating a solid pipeline of future work despite a decrease in orders.
Enhanced Borrowing Capacity: 3. Increased Borrowing Capacity: Manitowoc successfully amended its ABL credit facility, increasing borrowing capacity from $275 million to $325 million, enhancing financial flexibility.
Operational Efficiency Enhancement: 4. Improved Inventory Management: The implementation of kitting in the fabrication process reduced material flow by 93%, significantly improving operational efficiency.
Cash Flow Improvement Strategy: 5. Positive Cash Flow Outlook: The company anticipates a reduction in inventory and a focus on cash generation, aiming for approximately $130 million in free cash flow to meet guidance.
Negative
Order Decrease Analysis: 1. Decline in Orders: Orders decreased by 20% year-over-year to $425 million, primarily driven by a 28% drop in the Americas due to election uncertainty and rising interest rates.
Sales Target Shortfall: 2. Missed Sales Targets: The company missed its book and ship sales target by over $40 million in the Americas during the third quarter.
Decline in Adjusted EBITDA: 3. Decreased Adjusted EBITDA: Adjusted EBITDA for the quarter was $26 million, reflecting a 21% decrease year-over-year, with the European towers business contributing significantly to this decline.
Cash Flow Deficit: 4. Negative Cash Flow: The company reported a use of $44 million in cash from operating activities, leading to a free cash flow deficit of $53 million for the quarter.
Increased Working Capital: 5. Elevated Working Capital: Net working capital was elevated at $579 million due to higher inventory levels resulting from the sales miss, impacting liquidity.
MTW FAQs
How does MTW typically perform around its earnings report dates?
Is The Manitowoc Company, Inc. (MTW) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
MTW Earning Call Sentiment
The Manitowoc Company, Inc. (MTW) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MTW.N
-0.72%Positive
The earnings call reveals several concerning factors: a significant drop in orders, flat net sales, decreased EBITDA, and elevated net working capital. The legal issues with the EPA and interest rate sensitivity add to uncertainties. While there is optimism in non-new machine sales and shareholder return strategies, the missed sales targets and liquidity concerns overshadow these positives. The Q&A session highlighted ongoing margin challenges and unclear management responses, further weighing on sentiment. Given these issues, the stock price is likely to see a negative movement in the coming weeks.