Barry L. Pennypacker
Thanks, David.
begun market with The Moving XXXX has crane to overall global start. slide good X. to a We began turn.
However, like many are goods companies, headwind. seeing capital we
that to material are sell we the supply Our to U.S. cranes cost pressures all see margins, exchange chain on beginning in changing particularly has started foreign on European-produced and inflation, are tighten, our putting we rates
full managing million The aggressively are environment challenges $XXX will million. year will negative extremely costs, pricing as deliver with I reiterate, impact business our taking us as dynamic. we our We mix. actively actions. these commitment These actively and EBITDA between $XXX are deal to manage This actions. well ensure current the of is aggressively and require taking efforts pricing we of
the on in Manitowoc cannot our Starting key margin input are to costs undertaking expansion, velocity. and Manitowoc Those chain no strategic Way make such innovation, productions to as expansion, these growth, such meet margin our There manage actions The from differentiate that to with we the to we focused priorities and leverage rates mistake, Also, We are exchange and supply executing constraints with to that we to continue supply are of competitors. four steel demand. challenges, issues. the the are immune external is steel. balance not We tightening control. remain as four major strengthening labor increases skilled
portfolio increased increases we across First, costs. these aggressively to offset most product are price the using of
we intensified our efforts. sourcing low-cost Second, have
last, and for X.X setting we to XX,XXX underutilized were reduced And plants, productivity. space, by free to previously factory our improve instances, Way. facilities. optimize increasing our projects XX%, transformation In invest distance miles. victory in department, Zhangjiagang up improved place By to able in I'd a technology us components, in travel have insourcing investments overall manufacturing have one fabrications. project outsourced that by our non-core China. fabrication Manitowoc Manitowoc in our our cells operations in thus, accelerated European allow took highlight distinct we we've space move to dedicated we great up shop Third, like to competitiveness, XX fabrications simply will This productivity square instances, our to outsourced of in feet other our we floor some and in The
help efforts and are rise. the us manage revenue input All as profitability to costs of grows key these our
to business, explore organizational Working we shift well-known two-year is growth. program. firm crane warranty need growth a strategic growth the last our next for organic systemic priority quarter, Our our a I about to to week, manage rough-terrain with announced spoke the pursue Last standard approach. new through
we results execution crane lead five are one market the of line, as introduced attractive count, complementary Manitowoc due well that This offer accretive Vice for we our significant and for addition, significant reliability up also Ruck value customers of evaluate to key deliver in quality improvements GRT Development our differentiate to product warranty appointed for growth these business. product the have enhancement we've lines. to extended Business In (XX:XX) Peter and our of as opportunities the Senior both and as us will years. other growth Furthermore, to in to that new to in processes President the made an
new priority INTERMAT Potain, anniversary market-leading strategic third reception to our our month, business. was I the positive. celebrate very increasing Last crane show Customer is with tower Our speeds to the in attended Europe technology XXth hoisting winch of innovation.
have we feature, big been received over Grove due product new perpetuated I'm effect difficult product already very product, Crane largest regulations, This develop orders But customer our of when operator variety in our the Cab-IN. as new have to development received. the designed from until the continues a have to January got we'll comply Way but customers. to wait excited regulations showcase our call we one has with XXXX, We Days. of announcements to voice power innovation I was think wide on of week of new facility French French that true as it host of lift of at outstanding. to going the Our is The June this influence by Xth into new for it, very customers cycle. we XXX This Shady honestly, Manitowoc our to
the done a our a velocity. employees with project XX business The new hurdles. has but there I area miles Last we a off embrace operational our year, relocate challenging is facility relatively away. priority strategic to kicked an many in Way. recognize what fourth for small manufacturing Pune us, to Manitowoc aggressive Indian really some to tower been mission facility our wanted It's business team is Our a and for timeline to The
but targets quarter, This have from without have of production business. and in been first already I'm underscores of The quarter. its it start team power year, won't the embedded in to again good performance pleased very up It's quarterly exceeding start the and very first for our Manitowoc with Way the whose closing, our ramped the be the our significantly During production principles the are a lean this embraced we India. In by challenges. the
our in objectives. are We our remain to stated previously excuses financial no for headwinds, meet resolute making these and we quest
market Increasing as labor environment. We never ensuring have unavoidable well in chain work supply current to lots it's managing in realized. as our are easy, increases price pool, of and is but our price do the
crane As recovery. reflected points back we to meeting well improvement on impending capitalize by including commitment in XXX our headwinds, the we and updated positioned the for With questions. to our turn despite margin year-over-year basis guidance, have of made call are the Ion that, the are of over encouraged improvements we'll
