Manitowoc, Wis.-based Manitowoc Co. last week for the full-year 2006 affirmed its prior earnings per share guidance of $2.70 to $2.75 excluding special items. The company also said it expects capital expenditures will total $68.1 million; research and development costs will reach $33.6 million; international shipments will climb to $1.39 billion; and SG&A as a percent of sales will decline to 11.8 percent.
For the year 2007, the company anticipates a 20 percent revenue gain in its Crane segment. Operating earnings for Cranes are expected to rise to a low-teens level. Other 2007 financial expectations include an anticipated tax rate in the low 30 percent range and earnings per share of $3.75 to $4.00.
The Manitowoc Co. is an international provider of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks.