Summary
The Manitowoc Co. swung to a second-quarter loss on the sale of an ice machine business, restructuring and a 39% drop in crane sales.
The maker of construction cranes and food-service equipment reported a loss of $18.1 million, or 14 cents a share, compared with net income of $133.9 million, or $1.01 a share, a year earlier.See the full content of this document
Extract
Manitowoc Co. Has Tough Second Quarter
The net loss included a number of unusual items totaling about $43 million on an after-tax basis. Thos...
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