Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Manitowoc Reports Record Q3 Earnings
Oct 27, 2006
 Printable format
 Email this Article
 Search

The Manitowoc Company (Manitowoc , Wisconsin, U.S.) reported that financial results for the quarter ended September 30, 2006 represented the company's third consecutive quarter of record net sales and earnings. Net sales increased 38 percent to U.S. $779.0 million, from $564.9 million during the third quarter of 2005. Reported earnings per diluted share were $0.80 for the third quarter of 2006 compared to $0.28 for the third quarter of 2005.

Excluding costs related to the company's terminated bid for commercial foodservice equipment maker Enodis plc during the latest quarter, and the effect of restructuring activities and losses associated with discontinued operations during the third quarter of 2005, third-quarter 2006 earnings per diluted share from continuing operations increased 116 percent to $0.82, up from $0.38 for the third quarter of 2005.

Manitowoc makes commercial ice machines and commercial refrigeration equipment. Other divisions are involved in shipbuilding and repair as well as heavy-lift cranes. Chairman and CEO Terry D. Growcock gives the credit for the higher earnings to the crane business.

Foodservice Growth Pursuits
"While we felt it was in the best interests of our shareholders not to move forward with the bid for Enodis plc, we will continue to explore strategic growth opportunities for our Foodservice and Crane segments, which both make solid contributions to our profitability," Growcock said.

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows