The manitowoc company reports fourth-quarter and full-year 2020 financial results

Milwaukee--(business wire)--the manitowoc company, inc. (nyse: mtw), (the “company” or “manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported fourth-quarter net income of $1.8 million, or $0.05 per diluted share. fourth-quarter adjusted net income(1) was $6.7 million, or $0.19 per diluted share. net sales in the fourth quarter decreased 7.1% year-over-year to $430.3 million and were favorably impacted by $14.6 million from changes in foreign currency exchange
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