Manitowoc crane segment sales for the first quarter of 2011 were up 7 percent to $393 million from $367 million in Ql 2010. The increase was primarily attributed to growth in the Americas region and the Crane Care business. First-quarter revenue was affected by delivery disruptions, primarily due to Tier IV engine challenges, now resolved, the company said. Operating earnings for the quarter were up to $12.5 million from $4.5 million, giving an operating margin of 3.2 percent for the first quarter of 2011, up from 1.2 percent in the same period in 2010.
展开▼
