The Manitowoc Company, Inc. (NYSE:MTW) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET

Company Participants

Ion Warner - senior Vice President-Marketing and Investor Relations

Aaron Ravenscroft - President and Chief Executive Officer

Brian Regan - Executive Vice President and Chief Financial Officer

Conference Call Participants

Larry Stavitski - Wells Fargo

Operator

Good morning. My name is Krista and I'll be your conference operator today. At this time, I would like to welcome everyone to the Manitowoc Earnings Conference Call.

I will now turn the call to Ion Warner, senior Vice President, Marketing and Investor Relations. You may begin your conference. Please proceed.

Ion Warner

Good morning, everyone and welcome to The Manitowoc conference call to review the company's fourth quarter and full-year 2023 financial performance, and business update as outlined in last evening's press release. 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 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 statements, 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. As I look back over the last 12 months, I'm very pleased with the performance delivered by The Manitowoc team. While the specific challenges seem to ebb and flow without a doubt, 2023 was just as tough as the previous few years, although inflation seems to be mostly behind us at this point. The team worked diligently throughout the year to mitigate cost increases from our suppliers while continuing to push for the appropriate price increases.