The manitowoc company reports second-quarter 2023 financial results; raises full-year 2023 guidance

Milwaukee--(business wire)--the manitowoc company, inc. (nyse: mtw) (the “company” or “manitowoc”) today reported second-quarter net income of $20.2 million, or $0.57 per diluted share. second-quarter adjusted net income(1) was $26.6 million, or $0.75 per diluted share. net sales increased 21.2% year-over-year to $602.8 million and were favorably impacted by $3.1 million from changes in foreign currency exchange rates. adjusted ebitda(1) was $60.4 million, an increase of $24.0 million or 65.9%.
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