Manitowoc reports first quarter loss
08 May 2020
Foreign currency losses and the unprecedented conditions created by the Covid-19 pandemic have affected Manitowoc’s sales and product delivery.
Manitowoc reported a first-quarter net loss of $7.8 million, or $0.22 per diluted share. The company said first-quarter adjusted net loss of $6.3 million, or $0.18 per diluted share, declined $9 million year-over-year. First-quarter adjusted net loss included $4 million of other expense primarily related to foreign currency losses, the…