Manitowoc Company (NYSE:MTW) left investors baffled when it released its second-quarter numbers a couple of weeks ago. Crane sales slumped sharply even as foodservice revenue remained flat, slicing the company's net income in half year over year. To make matters worse, Manitowoc slashed its crane segment guidance for the full year.
But chances are that if you didn't get a chance to tune into Manitowoc's earnings conference call, you still don't know the full story. That's because an earnings call can give investors crucial insight into what's going on inside the company -- something that headlines don't tell you.
With that in mind, take a look at the slideshow below, which reveals three key management quotes from Manitowoc's recent call, and what they could mean for the company going forward.