The manitowoc company reports first-quarter 2023 financial results

Milwaukee--(business wire)--the manitowoc company, inc. (nyse: mtw) (the “company” or “manitowoc”) today reported net income of $16.5 million, or $0.46 per diluted share. net sales increased 10.7% year-over-year to $508.3 million and were unfavorably impacted by $11.2 million from changes in foreign currency exchange rates. adjusted ebitda(1) was $45.1 million, an increase of $13.9 million or 44.6% from the prior year. orders were $524.8 million, a 9% increase from the prior year. orders were u.
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