Manitowoc Raises 2007 Earnings Guidance
March 16, 2007 • The Manitowoc Company, Inc., Manitowoc, Wis., announced today that it expects to exceed its current estimate for fiscal 2007 earnings per share. The company is raising its most recent earnings per share guidance of $3.85-$4.00 to a new range of $4.20-$4.30. In addition, the company anticipates that reported earnings per share for the first quarter of 2007 will exceed the average of published Wall Street estimates by approximately 10 percent.
"Manitowoc Crane Group's broad product line and global customer base continue to generate outstanding results for our shareholders," said Terry D. Growcock, chairman and chief executive officer. "All three of our business segments are performing well, but the operating leverage that strong current and near-term industry conditions have created for our crane segment is driving truly exceptional performance."
