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's Commercial Foodservice Has Strong 1Q
May 29, 2014
 Printable format
 Email this Article
 Search


The Manitowoc Company (Manitowoc, WI) reported first quarter 2014 sales of $850.0 million, down 5.0% from $894.6 million in the first quarter of 2013. The company's Foodservice segment had a strong quarter, with sales up 9.3%, but this was offset by a 14.2% decrease in sales in its Crane segment.

The company had a 1Q 2014 loss of $8.8 million in the first quarter, compared to earnings of $10.4 million in 1Q 2013.

“The first quarter of 2014 played out largely in-line with our expectations, providing the foundation for us to achieve our full-year outlook,” commented Glen E. Tellock, Manitowoc’s chairman and CEO.

Foodservice Segment 1Q 2014 net sales were $383.3 million, up 9.3% from $350.6 million in 1Q 2013. The business saw grow from new products and from growth in the Americas and EMEA (Europe, Middle East, and Africa) regions. Foodservice operating earnings were $57.9 million, up 17.9% $49.1 million in 1Q 2013.

“Our Foodservice segment generated impressive sales growth and margin expansion for the second consecutive quarter, highlighted by new product introductions and the continued execution against our strategic initiatives," Tellock said. "Key among these trends was the solid customer response to our new grill and oven technologies, Koolaire ice machines, KitchenCare aftermarket services, and an ongoing rollout of blended beverage equipment in EMEA."

Back to Daily News

 

Daily News

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

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

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

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

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
June 2014: Appliance Magazine Market Insight: April 2014




 
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