Manitowoc Company, Inc. (NYSE:MTW) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET
Company Participants
Ion Warner - VP, Marketing & IR
Aaron Ravenscroft - President, CEO & Director
Brian Regan - EVP & CFO
Conference Call Participants
Jerry Revich - Goldman Sachs Group
Tami Zakaria - JPMorgan Chase & Co.
Jamie Cook - Crédit Suisse
Steven Fisher - UBS
Seth Weber - Wells Fargo Securities
Stanley Elliott - Stifel, Nicolaus & Company
Stephen Volkmann - Jefferies
Operator
Good morning, and welcome to the Manitowoc Fourth Quarter 2022 Earnings Call. My name is David, and I'll be your conference operator today. [Operator Instructions]. At this time, I'd like to turn the call over to Mr. Ion Warner, Senior Vice President of Marketing and Investor Relations. You may begin.
Ion Warner
Good morning, everyone, and welcome to the Manitowoc conference call to review the company's fourth quarter 2022 and full year 2022 financial results and business update as outlined in our press release yesterday. Participating on the call today are Aaron Ravenscroft, President and Chief Executive Officer; and Brian Regan, Executive Vice President and Chief Financial Officer.
Today's webcast includes a slide presentation, which includes a reconciliation of GAAP and non-GAAP financial measures as referenced in the call. This can be found in the Investor Relations section of our website under Events and Presentations. We will reserve time for questions and answers after our prepared remarks. I would like to request that you limit your questions to one and a follow-up and return to the queue to ensure everyone has an opportunity to ask their questions.
Please turn to Slide 2. Please note our safe harbor statement in the material provided for this call. During today's call, forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 are made based on the company's current assessment of its markets and other factors that affect its business. However, actual results could differ materially from any implied or actual projections due to one or more of the factors, among others, described in the company's latest SEC filings.
The Manitowoc Company does not undertake any obligation to update or revise any forward-looking statement, whether the result of new information, future events or other circumstances.
And with that, I will now turn the call over to Aaron.
Aaron Ravenscroft
Thank you, Ion, and good morning, everyone. Please turn to Slide 3. After a tough third quarter, I was really pleased with how our team rose to the occasion in the fourth quarter to deliver strong results despite significant adversity. As we entered the quarter, we felt confident that our shippable backlog and inventory levels would allow us to hit the low end of our guidance. The hard work of our team and a bit of luck with parts and vessel availability helped us end the year even stronger than we expected.