Manitowoc Co Inc (NYSE:MTW)
$ 8.77 0 (0%) Market Cap: 308.06 Mil Enterprise Value: 796.86 Mil PE Ratio: 0 PB Ratio: 0.51 GF Score: 59/100

Manitowoc Company Inc at Bank of America Leveraged Finance Conference Transcript

Nov 29, 2023 / 03:50PM GMT
Release Date Price: $14.27 (+2.59%)
Unidentified Analyst

Good morning, everyone. We have -- today, we have Manitowoc joining us. And up here with me is CFO, Brian Regan. If anyone has a question, please raise your hand. We'll pass the mic around to you. And to kick it off, we'll have Brian introduce the company.

Brian P. Regan
The Manitowoc Company, Inc. - Executive VP, CFO & Principal Financial Officer

Thanks, [Hayden]. So Brian Regan, the CFO with the Manitowoc Company headquartered in Milwaukee, Wisconsin. We're a crane business, we make cranes and service cranes, sell parts, rent cranes. So I'll get into just a little bit of an overview of who we are from a financial perspective. This is all 2022 data. So we are global. You can see our sales by geography, 50% the U.S. When I look at 2023, it's a little bit more than that as we've seen softness in Europe.

Our 2022 adjusted EBITDA was $143 million or 7% of sales. As of the trailing 12 months, September, our adjusted EBITDA was $190 million, which is about 8.4% of sales. So significant improvement year-over-year. Our net leverage ratio

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