Manitowoc Co. Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. The company reported sales of $1,034.5 million for the fourth quarter of 2011, an increase of 24.5% compared to sales of $830.9 million in the fourth quarter of 2010. The sales increase was driven by a 39.9% increase in Crane segment sales, coupled with a 2.2% increase in Foodservice segment sales. Operating earnings was $55.2 million compared to $50.3 million a year ago. Earnings from continuing operations before taxes on income was $15.3 million compared to loss from continuing operations before taxes on income of $24.6 million a year ago. Earnings from continuing operations were $14.7 million compared to loss from continuing operations of $56.1 million a year ago. Net earnings attributable to the company were $15.3 million compared to net loss attributable to the company of $65.5 million a year ago. Net earnings attributable from continuing operations was $16.8 million compared to net loss attributable from continuing operations of $55.6 million a year ago. Earnings from continuing operations attributable to the company was $0.13 per basic and diluted share compared to loss from continuing operations attributable to the company of $0.43 per basic and diluted share a year ago. Basic and diluted earnings per share were $0.12 compared to basic and diluted loss per share of $0.50 a year ago. Net earnings before special items were $18.5 million or $0.14 per diluted share compared to $13.4 million or $0.10 per diluted share a year ago. Cash flow from operating activities in the fourth quarter of 2011 was $196.3 million due to the combination of cash from profitability, as well as ability to generate cash from working capital. Cash flow used for capital expenditures during the quarter was $32.6 million. For the full-year 2011, sales were $3,651.9 million, a 16.2% increase from $3,141.7 million in 2010. Operating earnings was $221.9 million compared to $207.2 million a year ago. Earnings from continuing operations before taxes on income was $37.4 million compared to loss from continuing operations before taxes on income of $43.7 million a year ago. Earnings from continuing operations were $21.5 million compared to loss from continuing operations of $74.6 million a year ago. Net loss attributable to the company was $10.5 million compared to $79.5 million a year ago. Net earnings attributable from continuing operations was $28.0 million compared to net loss attributable from continuing operations of $71.9 million a year ago. Earnings from continuing operations attributable to the company was $0.21 per basic and diluted share compared to loss from continuing operations attributable to the company of $0.55 per basic and diluted share a year ago. Basic and diluted loss per share was $0.08 compared to $0.61 a year ago. Adjusted EBITDA was $349.2 million. Net earnings before special items were $50.2 million or $0.38 per diluted share compared to $11.3 million or $0.09 per diluted share a year ago. Net cash provided from operating activities was $11.6 million against $209.3 million a year ago. For the full year of 2012, the company expects Crane revenue of growth of 10% to 15% year-over-year, Crane operating earnings increase of 30% to 40% year-over-year, Foodservice revenue is high single-digit age growth, Foodservice operating earnings increases 10% to 15% year-over-year. The company also expects capital expenditures is approximately $80 million, depreciation & amortization is approximately $120 million, interest expense reduction of $25 to $30 million, amortization of deferred financing fees is approximately $10 million.