Manitowoc (MTW) Q4 2019 Earnings Call Transcript

Manitowoc (MTW) Q4 2019 Earnings Call Transcript

With me today are Barry Pennypacker, president and chief executive officer; and David Antoniuk, senior 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 & Presentations.. We will reserve time for questions and answers after our prepared remarks.. David will provide more color on the financials for the year.. In 2019, we continued our investments in new products by introducing 10 new models, all of which were designed utilizing the Voice of Customer and brought to market much quicker than in the past.. Our innovation pipeline remains robust, and we are excited to introduce six new cranes at the CONEXPO trade show in Las Vegas.. I cannot share more detail on these cranes but I am confident that these new models will contribute to the continued market share expansion and further add to our recent successes.. I'm proud of what we've accomplished in 2019, as well as the rest of our value streams globally, which help drive the financial results that David will discuss next.. Our fourth-quarter orders totaled $472 million, a decrease of 3%, compared to $486 million of orders last year..