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"Emerging markets continue to be encouraging for both of our businesses. While some recent positive indicators suggest a stabilization in certain mature markets, we remain guarded as we move into the second half of 2010," CEO Glen E. Tellock said. "At the same time, we continue to drive the operational efficiencies, process improvements, and cost reduction initiatives we implemented last year, which should provide enhanced profitability as demand strengthens across our business."
Second-quarter sales in the Foodservice segment were $424.9 million versus $382.5 million in the second quarter of 2009. Operating earnings were $56.9 million, versus $46.4 million in the second quarter of 2009.
Second-quarter 2010 net sales in the Crane segment were $451.6 million, down 31 percent from the second quarter of 2009. Operating earnings decreased to $38.6 million from $49.5 million in the same period last year.
The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 100 manufacturing and service facilities in 23 countries.
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The sales down of the company is the matter of concern. In today's world of competition each and every company needs to run their business in smarter ways to maintain the growth and achieve the higher productivity compared to others. With this it is also needed that deadlines must be strictly followed to achieve the target goals. For that they need better planning with effective implementation on it.
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