Manitowoc Makes the List

Wednesday, January 29, 2003
The Manitowoc Company, Inc. has been chosen as one of the Best Big Companies in America according to Forbes Magazine's 2003 Platinum 400 list. The Forbes Platinum list selects companies across 23 industries with the best composite scores for both short- and long-term financial performance. Results are measured over 12-month and 5-year periods using a variety of financial metrics including return on capital, revenue growth, and earnings performance. According to Forbes, the Platinum 400 list includes "companies that are better than their competitors, with outstanding profitability and growth." The Manitowoc Company, a diversified, multi-industry, capital goods manufacturer headquartered in Manitowoc, WI, posted revenues of $1.1 billion during 2001 and has delivered a five-year average return on capital of 22.9 percent, a five-year average sales growth of 16.8 percent, and a five-year average earnings growth of 16.7 percent. "We're very proud to be included in the prestigious Forbes Platinum 400 list for the first time," said Terry D. Growcock, Manitowoc's chairman and chief executive officer. "We believe that our industry- and geographically-diverse business model, coupled with an expansive slate of market-leading products and a strong management team, have helped our company weather tough economic times throughout our 100-year history while consistently generating strong returns for our shareholders."
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

Legal

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1825 sec (5 req/sec)