Manitowoc Profit Rises
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