Morris Material Handling saw its net sales fall 10% in the year to 31 October 1998, to $317.9m and its operating income fall 25% to $26.7m. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 16% to $38.4m. But on the positive side, strong bookings of $100.2m were recorded for the fourth quarter, compared to $83.7m in the fourth quarter of 1997 and $54.2m in the third quarter of 1998.
