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.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
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.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.