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Manitowoc Rides on Backlog Strength & Product Introduction
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On Aug 14, we issued an updated research report on The Manitowoc Company, Inc. (MTW - Free Report) . The company is anticipated to benefit from product introductions, supply-chain transformation and backlog strength. Growth in end markets also bodes well for the company.
Let’s illustrate the factors in detail.
Product Roll Outs to Aid Manitowoc’s Results
Manitowoc’s new product pipeline continues to drive its revenues. The company showcased its new lean transformation initiatives and highlighted the introduction of five cranes at the Crane Days event in June 2018. One of the cranes unveiled was the MLC100, the only American-made 100-ton class crawler in the industry. Manitowoc also previewed the new MCT 565 tower crane to more than 40 customers in China during the June-end quarter. Further, the company shipped the first GRT8100 to a customer in the Middle East in June and has additional orders scheduled for delivery.
Supply-Chain Transformation
Manitowoc has been taking aggressive steps to support supply chain partners in a bid to ensure timely delivery of components, combined with alternative sourcing strategies. It also provided in-house labor to weld the finished components in order to keep its production lines flowing. This will support the company’s near-term financial goals.
Manitowoc to Grow on Backlog Strength
Manitowoc’s orders and backlog increased in second-quarter 2018, on a year-over-year basis. The company witnessed elevated demand in the Americas and European regions, driven by recovery in the crane market. Thus, improved orders and backlog provide better revenue visibility over the remainder of the year.
Growth in End Markets
For full-year 2018, Manitowoc affirmed revenue guidance of approximately $1.78-$1.85 billion. The company revised its 2018 adjusted EBITDA guidance to $105-$115 million from the previous estimate of $100-$120 million. It reaffirmed its capital expenditures outlook at roughly $25-$30 million.
Manitowoc, along with other players in the same industry like Caterpillar Inc. (CAT - Free Report) , Terex Corporation (TEX - Free Report) and H&E Equipment Services, Inc. (HEES - Free Report) , are poised to benefit from the growth in the United States, particularly in the commercial construction and energy end markets.
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Manitowoc Rides on Backlog Strength & Product Introduction
On Aug 14, we issued an updated research report on The Manitowoc Company, Inc. (MTW - Free Report) . The company is anticipated to benefit from product introductions, supply-chain transformation and backlog strength. Growth in end markets also bodes well for the company.
Let’s illustrate the factors in detail.
Product Roll Outs to Aid Manitowoc’s Results
Manitowoc’s new product pipeline continues to drive its revenues. The company showcased its new lean transformation initiatives and highlighted the introduction of five cranes at the Crane Days event in June 2018. One of the cranes unveiled was the MLC100, the only American-made 100-ton class crawler in the industry. Manitowoc also previewed the new MCT 565 tower crane to more than 40 customers in China during the June-end quarter. Further, the company shipped the first GRT8100 to a customer in the Middle East in June and has additional orders scheduled for delivery.
Supply-Chain Transformation
Manitowoc has been taking aggressive steps to support supply chain partners in a bid to ensure timely delivery of components, combined with alternative sourcing strategies. It also provided in-house labor to weld the finished components in order to keep its production lines flowing. This will support the company’s near-term financial goals.
Manitowoc to Grow on Backlog Strength
Manitowoc’s orders and backlog increased in second-quarter 2018, on a year-over-year basis. The company witnessed elevated demand in the Americas and European regions, driven by recovery in the crane market. Thus, improved orders and backlog provide better revenue visibility over the remainder of the year.
Growth in End Markets
For full-year 2018, Manitowoc affirmed revenue guidance of approximately $1.78-$1.85 billion. The company revised its 2018 adjusted EBITDA guidance to $105-$115 million from the previous estimate of $100-$120 million. It reaffirmed its capital expenditures outlook at roughly $25-$30 million.
Manitowoc, along with other players in the same industry like Caterpillar Inc. (CAT - Free Report) , Terex Corporation (TEX - Free Report) and H&E Equipment Services, Inc. (HEES - Free Report) , are poised to benefit from the growth in the United States, particularly in the commercial construction and energy end markets.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>