Latest news with #Manitowoc
Yahoo
a day ago
- Business
- Yahoo
5 Must-Read Analyst Questions From Manitowoc's Q1 Earnings Call
Manitowoc's first quarter saw a positive market reaction despite revenue and adjusted EPS falling short of Wall Street expectations. Management attributed the quarter's performance to higher orders in the Americas and a sharp uptick in European tower crane demand, with CEO Aaron Ravenscroft highlighting non-new machine sales growth and 'strong customer feedback' at the Bauma trade show. The company also pointed to successful integration of AI into its operational processes, yielding measurable savings, and reported progress in aftermarket initiatives driven by expanded service capabilities. Challenges such as lower overall sales and margin compression were acknowledged, but management focused on the resilience of the aftermarket business and improving order trends. Is now the time to buy MTW? Find out in our full research report (it's free). Revenue: $470.9 million vs analyst estimates of $482 million (4.9% year-on-year decline, 2.3% miss) Adjusted EPS: -$0.16 vs analyst expectations of -$0.09 (71% miss) Adjusted EBITDA: $21.7 million vs analyst estimates of $16.14 million (4.6% margin, 34.4% beat) Operating Margin: 1.3%, down from 3.1% in the same quarter last year Backlog: $793.7 million at quarter end, down 18.3% year on year Market Capitalization: $433.8 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jerry Revich (Goldman Sachs) asked how tariff mitigation splits between pricing, sourcing, and vendor negotiations. CEO Aaron Ravenscroft explained mitigation involves surcharges, alternative suppliers, and partial cost-sharing with vendors, but emphasized the situation is fluid due to currency and market factors. Revich (Goldman Sachs) inquired about the relative impact of Chinese tariffs and underlying assumptions. Ravenscroft declined to break down the exact China portion, noting tariffs affect both Chinese components and steel/aluminum imports, with mitigation strategies dynamically adjusted as tariffs evolve. Revich (Goldman Sachs) sought detail on the drivers behind accelerating European tower crane orders. Ravenscroft described recovery as broad-based, attributing it to historically low dealer inventories and modest improvements in customer sentiment, but clarified that the market remains far from prior cycle peaks. Steven Fisher (UBS) pressed for clarity on the impact of steel and aluminum tariffs on U.S. production costs. Ravenscroft confirmed these are included in the $45 million estimate for Shady Grove manufacturing, reflecting higher input costs for domestically produced cranes. Fisher (UBS) questioned the ability to reprice backlog orders and sustain non-new machine sales growth. Ravenscroft responded that surcharges are intended to offset tariffs on backlog units, and non-new machine sales growth is 'broad-based' across geographies and product types, supported by ongoing expansion of service technicians and locations. Looking ahead, the StockStory team will be watching (1) the company's ability to sustain aftermarket and non-new machine sales momentum, (2) the effectiveness of tariff mitigation efforts as global trade policy evolves, and (3) continued signs of recovery in European tower crane orders. Execution on service expansion, successful pricing strategies, and progress in key infrastructure projects will also be important markers to track. Manitowoc currently trades at $12.24, up from $8.30 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Yahoo
Person hospitalized after being hit in crosswalk while using mobility scooter in Manitowoc
MANITOWOC, Wis. (WFRV) – One person was hospitalized Wednesday morning after being struck by a vehicle while crossing the street on a mobility scooter. According to the Manitowoc Police Department, the incident occurred just before 11 a.m. at the intersection of Custer Street and South 31st Street. Wisconsin man sentenced to 30 years for attacking correctional officer, fellow inmate A preliminary investigation revealed the individual on the scooter was traveling south on the sidewalk along South 31st Street and entered the crosswalk on Custer Street. A vehicle traveling east on Custer struck the scooter, resulting in injuries. The operator of the mobility scooter was transported to a medical facility for treatment. The driver of the vehicle remained at the scene and has been identified by authorities. Custer Street is expected to remain closed for several hours as the Wisconsin State Patrol conducts an accident reconstruction. Three hospitalized in Wisconsin due to Powassan virus, one dead from disease The investigation remains ongoing. Anyone who witnessed the incident is asked to contact the Manitowoc Police Department at 920-686-6551. No additional details were released. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-06-2025
- Entertainment
- Yahoo
Check out the Used Book Sale and other upcoming events at Manitowoc Public Library
MANITOWOC – The Friends of Manitowoc Public Library Used Book Sale returns June 26-28. The event will be in the second-floor Balkansky Community Room at the library, 707 Quay St. Hours are as follow: June 26 — Noon-7:30 p.m.; June 27 — 9 a.m.-5:30 p.m.; and June 28 — 9 a.m.-2:30 p.m. with $4 'stuff a bag.' Cash or local check only are accepted. An ATM is on the first floor near the main entrance. Read more: Manitowoc's Rahr-West Art Museum to host free summer exhibit tour series starting June 18 Here's what else is coming up at the library. For more details, call 920-686-3000 or go to Summer Reading Program — Runs through Aug. 9. Read or be read to a total of 30 days to complete the program. Every six days read earns you a prize. Participants have until Aug. 16 to pick up prizes, while supplies last. Register on the Beanstack app or pick up a paper tracker at the library. More details: Baby Storytime — 9:30 a.m. June 19, 25 and 26. For ages 0-2 and their siblings. Preschool Storytime — 10:30 a.m. June 19, 25 and 26. For ages 2-5 and their siblings. Judy Blume Book Club — 6-7 p.m. June 19 in the second-floor board room. This final gathering of the season will focus on 'In the Unlikely Event.' Although Blume is an author in the Young Adult genre, the club is for adults only. Teen Hang-Out: Summer Sips! — 6-7:30 p.m. June 19. Join Chef Andrew Dunbar in creating a summer drink with syrups and sparkling water. Registration is required at 'An Evening with Michael Perry' — 6-8 p.m. June 19 at the UW-Green Bay, Manitowoc Campus, theater, 705 Viebahn St. Michael Perry is a New York Times bestselling author and Wisconsin Public Radio contributor. No advance reservations are required. Storytime on the Road — 10 a.m. June 20 at Farm Wisconsin Discovery Center and 10 a.m. June 24 at Lincoln Park Zoo. For development ages 2-5 and their siblings. No registration is required. Glowforge badging dession — 2-3:30 p.m. June 20. The Glowforge uses a laser to engrave designs into different material types like acrylic and wood. Library staff will demonstrate how to use the Glowforge. Upon completion, participants will be 'badged' so they can use the Glowforge at their leisure. Space is limited and registration is required at Department of Workforce Development employment assistance — 9 a.m. to 4 p.m. Tuesdays in the Franklin Street Room. Includes résumé writing, assistance with online applications, assistance registering in Job Center of Wisconsin and more. No appointment needed. Learn About Libby: The Online Reading App — 6-7:30 p.m. June 24 in the second-floor board room. The class is free for all ages and no registration is required. Contact Brandon Reid at breid@ This article originally appeared on Manitowoc Herald Times Reporter: Manitowoc library's Used Book Sale is June 26-28: Hours & more details
Yahoo
11-06-2025
- General
- Yahoo
‘Big undertaking': First Presbyterian Church in Manitowoc seeking donations for fresh coat of paint
MANITOWOC, Wis. (WFRV) – First Presbyterian Church was built in Manitowoc in 1870 and has prominently carved its place in the lakeshore city's skyline ever since. But such a grand, 155-year-old building also needs a touchup every once in a while. 'Though it's brick, there's a lot of woodwork around the trim, doorways and things that haven't been done for quite a while,' Pastor Matthew Sauer, who leads the Manitowoc Cooperative Ministry, said. 'It's a big undertaking. It's milled woodwork and things, so it's got design to it and architectural shape to it.' Sauer says that the project is not just necessitated by appearance, but also safety. 'We need to get this wood paint, and one it's just a cosmetic thing, but there's also wood rot in some place where we've got to worry about replacement of wood in some places, and we can't do that until we're up there,' he said. 'It's a great facelift but it also allows the building to be a safe and secure place, it's more than cosmetic.' The brick building with original wooden highlights is both a place of worship and center of community service. 'We need to make sure that our facilities are safe and are able to meet the work that we do,' Sauer said. 'Every Wednesday night we feed 200 people free dinners, they're all prepped here and we serve right out the front doors. People walk up and drive their cars. In the winter we also host the warming shelter here. It's a safety issue, it's a preservation issue, it's a mission issue to the community.' Repainting and repairing century and a half old wood is not the average carpentry project, it comes at the expense of tens of thousands of dollars. 'It needs to be done right and take it's time and it's a little bit slow. It's probably between $17,000 and $20,000 but that could go up if they find they need to replace a lot of woodwork,' Sauer said. 'It's not just running sand paper over a two by four and throwing some paint on it with a paint sprayer. It's got to be detailed, can't have it spilling into the windows, we've got beautiful stained glass windows.' About half of the funding will come from public donations, with the rest coming from the church's pre-existing building fund. Donations can be made on the Manitowoc Cooperative Ministry website. 'There [is extra budget] built into our bid that contingency, that if we need to be replacing wood, that we have that built in already,' Sauer said. 'You can't just go to Lowe's and pick that all up. This is all hand done, so nothing is exactly the same.' Always a work in progress, left over funds will be put towards renovating bathrooms and repairing the organ. 'It's humbling. It makes us want to do it right. So that 20 years from now someone isn't complaining 'how come they took the cheap way out,'' Sauer said. 'I talk metaphorically about the ghosts that are in the building. And there are times when I sit in the building and listen to the building have healthy creaks.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Sun
28-05-2025
- Business
- The Sun
Brazen Walmart ‘thief swipes $500 worth of items with bizarre ticket switching trick at self-checkout'
A WOMAN pulled off a wild ticket-switching stunt at Walmart and walked out with hundreds in goods until surveillance video caught up with her. She racked up 19 visits using the same sneaky trick, cops said. 3 3 The alleged scheme went down in Manitowoc, Wisconsin, roughly 80 miles from Milwaukee. Hailey Wildfong, 38, is now charged with one count of felony retail theft, Seehafer News reported. She's accused of swapping barcodes on merchandise at self-checkout, paying next to nothing for pricier products. A loss prevention employee flagged the strange transactions and showed the footage to police. Walmart's loss prevention team claims Wildfong stole over $500 worth of items in total. The videos reportedly show her scanning swapped tags during nearly 19 separate trips. Wildfong has appeared in court where she was released on her own recognizance and slapped with a $1,000 bond. Court Commissioner Patricia Koppa signed off on the conditions, which include a ban on returning to Walmart. Wildfong's next court appearance is scheduled for June 16. Cops say she is not the only shopper using high-tech checkouts to pull off low-tech scams. How Two Shoppers Stole $141k from Target and Walmart Across 21 States In another case earlier this year, a man named Speedy Gonzalez was arrested in Georgia for ripping off Walmart stores with a trash can trick. The 40-year-old allegedly stuffed pricey products into empty bins, scanned the bins, and walked out with the loot. Gonzalez reportedly stole items like nicotine, diabetic strips, and gum, all while avoiding staff detection. Authorities say Gonzalez pulled the scam off at least 20 times across stores in Georgia. The Gainesville Police Department says they finally caught Gonzalez after a surveillance camera showed him in action. Lieutenant Kevin Holbrook told WAGA that Gonzalez returned to the same store just 10 days later, and police were waiting. Cops searched his car and found stolen items that matched other theft cases across Georgia's Hall, Barrow, Gwinnett, Habersham, White, and Lumpkin counties. Back in 2020, Gonzales was busted for trying to use stolen checks to buy $3,000 in goods at Home Depot, police said. Investigators learned the checks came from a mailbox in Suwanee, just outside of Atlanta. DON'T FORGET FLORIDA Meanwhile, in Florida, another Walmart shopper tried to pull off a grocery version of the scam. Cops say Katherine Gordon used the 'banana trick' to scan cheap fruit barcodes on expensive food. She was able to bag $83 in groceries for a fraction of the price. Walmart has since rolled out smart cameras at some kiosks that track hand movements and check barcode accuracy to prevent future scams. 3
