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The Manitowoc Company, Inc. (NYSE: MTW), Manitowoc, WI, reported second quarter sales of $1 billion, an increase of 5.9 percent over the same period last year. The increase was driven by a 10 percent increase in Crane segment sales, coupled with a slight increase in Foodservice segment sales. Profit skyrocketed 1,317 percent to $42.5 million.
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For the first six months, sales were $1.9 billion, 11 percent higher than results from the prior-year period. Profit was $42.6 million, compared to a year-ago loss of $49.4 million.