#MANITOWOC INVESTOR RELATIONS FREE CASH FLOWS#
#MANITOWOC INVESTOR RELATIONS MOVIE FANS ANYTIME#

From 2013 to 2015, he served as Senior. Prior to joining Welbilt in April 2019, Agard was the Chief Financial Officer of Lumber Liquidators Holdings, Inc., a leading North American specialty retailer to the hard surface flooring market, since September 2016. Agard is Executive Vice President and Chief Financial Officer of Welbilt, Inc.

With a heritage spanning over 70 years, Welbilt is a leading global supplier of commercial foodservice equipment. Backlog as of Matotaled $520.9 million.Investor Relations. Orders were unfavorably impacted by approximately $5.1 million due to changes in foreign currency exchange rates. Homepage.First-quarter orders of $375.0 million declined 15.0% from the prior year.

Was founded in 1902 and, through its wholly owned subsidiaries, designs, manufactures, markets, and supports mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names.INVESTOR RELATIONS Company Profile. During the quarter, the Company did not borrow on its Asset Based Lending revolving credit facility.The Manitowoc Company, Inc., Investor Relations Department, One Park Plaza, 11270 West Park Place, Suite 1000, Milwaukee, WI 53224, Telephone: (414) 760-4600, Email: Ion.Warnermanitowoc.com back to topThe Manitowoc Company, Inc. We count among our customers some of the largest foodservice providers in the world.As of March 31, 2020, the Company had total liquidity of $382.0 million, including $103.6 million of cash, $244.2 million of borrowing capacity on its Asset Based Lending revolving credit facility and $38.2 million of availability on its non-committed European overdraft lines.

Manitowoc Investor Relations Movie Fans Anytime

Our dedicated teams are working hard to deliver cranes and provide essential parts and services, and I could not be prouder of their commitment to our high standards while balancing personal challenges. During this pandemic, our primary goal remains unchanged, ensuring the safety, health and well-being of all our employees, their families, our suppliers and customers. This was made possible by the extraordinary commitment of our talented and resolute team. NCM’s Noovie pre-show is presented exclusively in “Our first-quarter adjusted EBITDA of $16.3 million was in line with our planned expectations, despite the unprecedented conditions created by the COVID-19 pandemic. As the largest cinema advertising network in the U.S., we unite brands with the power of movies and engage movie fans anytime and anywhere.

Furloughs, as well as temporary plant shutdowns, are also being planned based upon our order rates. We have substantially cut discretionary spending, while eliminating salary increases across the enterprise, including executives and board members. We continue to analyze all of our costs and take appropriate actions. It is unclear how events unfold from here, however with ample liquidity and no significant debt maturities until 2026 we are well positioned to weather circumstances like this crisis. Pennypacker, President and Chief Executive Officer of The Manitowoc Company, Inc.“While we have remained operational in the U.S., our major facilities in Europe began closing in mid-March which delayed our ability to ship products.

Manitowoc Investor Relations Free Cash Flows

For a reconciliation to the comparable GAAP numbers please see schedule of “Non-GAAP Financial Measures” at the end of this press release. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, and supports comprehensive product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names.(1) Adjusted net income (loss), diluted adjusted net income (loss) per share, adjusted EBITDA, adjusted operating cash flows and free cash flows are financial measures that are not in accordance with GAAP. Manitowoc is one of the world’s leading providers of engineered lifting solutions. Was founded in 1902 and has over a 117-year tradition of providing high-quality, customer-focused products and support services to its markets. A live audio webcast of the call, along with the related presentation, published in conjunction with this press release, can be accessed in the Investor Relations section of Manitowoc’s website at A replay of the conference call will also be available at the same location on the website.The Manitowoc Company, Inc. CT), The Manitowoc Company’s senior management will discuss its first-quarter 2020 earnings results during a live conference call for security analysts and institutional investors.

geographic factors and political and economic conditions and risks unanticipated changes in customer demand, including changes in global demand for high-capacity lifting equipment, changes in demand for lifting equipment in emerging economies, and changes in demand for used lifting equipment changes in economic or industry conditions generally or in the markets served by Manitowoc The uncertain negative impacts COVID-19 will have on our business, financial condition, cash flows, results of operations and supply chain, as well as customer demand

the ability to significantly improve profitability and the ability to increase operational efficiencies across Manitowoc and to capitalize on those efficiencies unanticipated changes in revenues, margins and costs unanticipated changes in the capital and financial markets government approval and funding of projects and the effect of government-related issues or developments

Information on the potential factors that could affect the Company’s actual results of operations is included in its filings with the Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K for the fiscal year ended December 31, 2019.Unaudited Consolidated Financial Information(In millions, except per share and share amounts)Engineering, selling and administrative expensesWeighted average shares outstanding - basicWeighted average shares outstanding - dilutedAccounts receivable, less allowances of $8.7 and $7. Forward-looking statements only speak as of the date on which they are made.