Manitowoc Profit Rises

Thursday, July 31, 2008

The company reported second quarter earnings of $133.9m, or $1.01 per share, up from $97.5 million, or 76 cents per share in the year-ago period. Sales were up to $1.3b.

Manitowoc Co. is negotiating to sell its marine division that builds ships, including military vessels, European news reported. The suitor is said to be Fincantieri, according to the reports.

Source: Financial Wire

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