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 Commercial Appliance Business Reports 4Q and Full-Year Increased Sales
Feb 15, 2013
 Printable format
 Email this Article
 Search

The Manitowoc Company's Foodservice Equipment segment reported fourth-quarter 2012 net sales of $363.2 million, up 6.7% from $340.3 million in the fourth quarter of 2011.

The company credited growth across all geographies, successful new products, and engaged channel partners for contributing to the increase.

Foodservice operating earnings in 4Q 2012 were $50.3 million, up 12.0% from $44.9 million in 4Q 2011. This gave the Foodservice segment an operating margin of 13.9% in the quarter, compared to an operating margin of 13.2% in 4Q 2011.

The increase in margin was highlighted by product cost reductions and lean manufacturing initiatives that improved operating efficiencies.

For full-year 2012 Foodservice Equipment net sales were $1,486.2 million, from $1,454.6 million in 2011. Foodservice Equipment operating earnings in 2012 were $240.6 million, from $216.3 million in 2011.

Back to Daily News

 

Daily News

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

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows