- Manitowoc press release ( NYSE: MTW ): Q4 Non-GAAP EPS of $0.74 beats by $0.48 .
- Revenue of $621.6M (+24.9% Y/Y) beats by $55.84M .
- Adjusted EBITDA (1) of $51.5 million, up 50.6% year-over-year.
- 2023 Outlook: Net sales - approximately $2.0 billion to $2.1 billion
- Adjusted EBITDA - approximately $130 million to $160 million
- Depreciation and amortization - approximately $60 million to $65 million
- Interest expense - approximately $31 million to $33 million
- Provision for income taxes, excluding discrete items - approximately $13 million to $17 million
- Adjusted diluted earnings per share - approximately $0.35 to $1.15
- Capital expenditures - approximately $65 million to $75 million, of which approximately $20 million to $25 million is for rental fleet growth and $20 million to $25 million will be funded from sales of the existing rental fleet.
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Manitowoc Non-GAAP EPS of $0.74 beats by $0.48, revenue of $621.6M beats by $55.84M