Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q4 2016 Earnings Presentation
7 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Feb 2, 2017
Slide 1: Q4 2016 Earnings Conference Call
Q4 2016 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer February 2, 2017 Dave Antoniuk – SVP & Chief Financial Officer Ion Warner – VP Marketing & Investor Relations
Slide 2: Forward-Looking Statements
Forward- Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are “forward-looking statements.” These statements are based on the current expectations of the management of the company, only speak as of the date on which they are made, a
Slide 3: Q4 2016 Summary
Q4 2016 Summary • Revenue of $378.2 million in line with expectations Financial Summary • $57.8 million of Net Cash Flow from operations • $100 million reduction in inventory • Americas – continued weakness • Europe – improved over prior quarter Business • Middle East – significant declines year-ove
Slide 4: Progress on Strategic Priorities
Progress on Strategic Priorities • Aligning capacity to current demand Margin Expansion -- plant relocations on schedule • Re-sizing the organization • Improvements in quality and Growth reliability –> market share gains • Military project on schedule • 2016 new model launches: 8 mobiles Innovation
Slide 5: Financial & Other Key Metrics
Financial & Other Key Metrics Q4 2016 Q4 2015 YoY ∆ Q3 2016 QoQ ∆ Orders $ 348.3 $ 424.5 (18.0)% $ 309.9 12.4 % Net sales $ 378.2 $ 543.1 (30.4)% $ 349.8 8.1 % SG&A expense $ 61.9 $ 77.1 (19.7)% $ 73.0 (15.2)% Operating income/ (loss) $ (23.8) $ (13.9) (71.2)% $ (133.5) 82.2 % Non-GAAP adjusted oper
Slide 6: 2017 Guidance
2017 Guidance 2017 Guidance Down approximately 8 - 10% year- Revenue over-year Adjusted EBITDA Approximately $41 to $59 million Adj. operating income % Approximately zero to 1% Depreciation Approximately $40 to $45 million Amortization of intangibles Approximately $2 to $2.5 million Capital expendit
Slide 7: Manitowoc
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