Pandemic affects Manitowoc’s second quarter financials

D.Ann Shiffler

August 06, 2020

Manitowoc reports a second quarter loss due to a decline in sales and reduced manufacturing activity.

The Manitowoc Company reported a second-quarter net loss of US$12.7 million, or $0.37 per diluted share. Second-quarter adjusted net loss of $16.2 million, or $0.47 per diluted share, declined $49.7 million year-over-year.

Net sales in the second quarter of 2020 decreased 35 percent, year-over-year to $328.3 million. The Covid-19 pandemic…

Register for free unlimited access!

When you register for a FREE account you will receive unlimited access to American Cranes & Transport

  • FREE high value digital reports
  • Presentations from KHL events
  • Videos and magazine archive
  • Subscribe to magazines
  • Register for e-newsletters
  • Webinar recordings

Register now and you won’t miss out on the latest information

Login
MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
SUBSCRIBE FOR FREE
CONNECT WITH THE TEAM
D.Ann Shiffler Editor, American Carnes & Transport Tel: +1 512 869 8838 E-mail: d.ann.shiffler@khl.com
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: matt.burk@khl.com
CONNECT WITH SOCIAL MEDIA