The Manitowoc Company, Inc. (NYSE: MTW), Manitowoc, WI, reported third-quarter sales of $955.7, an increase of 2.2 percent compared to the prior-year period. Profit fell 6.3 percent to $22.2 million.
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Third-quarter sales in the Crane segment were $555.1 million, up 4.9 percent over 2011 levels. Sales in the Foodservice segment were $400.6 million, down slightly from the same period last year.
For the first nine months, sales for Manitowoc were $2.8 billion, an increase of 7.8 percent over the prior year. Profit was $67.2 million, compared to a year-ago loss of $26.1 million.
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