The manitowoc company reports fourth-quarter and full-year 2022 financial results and full-year 2023 guidance

Milwaukee--(business wire)--the manitowoc company, inc. (nyse: mtw) (the “company” or “manitowoc”) today reported a fourth-quarter net loss of $144.1 million, or $(4.10) per diluted share, which included non-cash asset impairment charges of $171.9 million. fourth-quarter adjusted net income(1) was $26.0 million or $0.74 per diluted share, an increase of $16.6 million or $0.48 per diluted share from the prior year. net sales in the fourth quarter increased 24.9% year-over-year to $621.
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