Manitowoc (NYSE:MTW) is popularly known for its diversified business model. It is comprised of two different segments - cranes and foodservice equipment. Manitowoc's crane segment accounts for about 62% of total sales and its foodservice accounts for about 38% of Manitowoc's total revenue.
Manitowoc reported robust earnings in the first quarter of 2013. It reported sales of $898 million, an increase of 5.4% in comparison to sales of $851.9 million in the first quarter of 2012. Net sales in the crane segment were up 7.8%, from $507.9 million in the year-ago quarter, driven by continued growth in the Americas region, as well as continued demand in certain emerging markets like Asia, Latin America and Commonwealth of Independent...
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