The manitowoc company reports first-quarter 2024 financial results

Milwaukee, wis.--(business wire)--the manitowoc company, inc. (nyse: mtw) (the “company” or “manitowoc”) today reported first-quarter net income of $4.5 million, or $0.12 per diluted share. first-quarter adjusted net income(1) was $5.1 million, or $0.14 per diluted share. net sales in the first quarter decreased 2.6% year-over-year to $495.1 million. first-quarter adjusted ebitda(1) was $31.3 million, a decrease of $13.8 million or 30.6% from the prior year. first-quarter orders were $554.1 mil.
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