Updated Full-Year 2024 Guidance
Manitowoc is updating its full-year 2024 guidance as follows:
Net sales – $2.175 billion to $2.225 billion (previously $2.275 billion to $2.375 billion)
Adjusted EBITDA – $125 million to $140 million (previously $150 million to $180 million)
Depreciation and amortization - $60 million to $63 million (previously $63 million to $67 million)
Interest expense - $36 million to $38 million (previously $32 million to $34 million)
Provision for income taxes - $9 million to $13 million (previously $18 million to $22 million)
Adjusted diluted earnings per share - $0.45 to $0.90 (previously $0.95 to $1.55)
Capital expenditures - $60 million of which approximately $25 million is for the rental fleet
Free cash flows - $30 million to $50 million (previously $30 million to $60 million)