Manitowoc Company (MTW)

[detearing]

The Manitowoc Company, Inc. (MTW) today reported fourth-quarter 2015 sales of $934.8 million, a decrease of 9.9 percent, compared to sales of $1.0 billion in the fourth quarter of 2014. On a GAAP basis, the company reported net earnings of $43.8 million, or $0.32 per diluted share, in the fourth quarter versus net earnings of $33.6 million, or $0.25 per diluted share, in the fourth quarter of 2014. Both periods included special items. Excluding special items, the adjusted earnings from continuing operations were $59.7 million, or $0.43 per diluted share, in the fourth quarter of 2015, versus adjusted earnings from continuing operations of $37.5 million, or $0.27 per diluted share, in the fourth quarter of 2014.