$MTW
MANITOWOC CO INC

2023 Q1 Form 10-Q Financial Statement

#000095017023017268 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $508.3M $459.0M
YoY Change 10.74% 29.55%
Cost Of Revenue $402.0M $374.0M
YoY Change 7.49% 30.81%
Gross Profit $106.3M $85.00M
YoY Change 25.06% 24.27%
Gross Profit Margin 20.91% 18.52%
Selling, General & Admin $75.10M $69.90M
YoY Change 7.44% 21.14%
% of Gross Profit 70.65% 82.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.90M $16.10M
YoY Change -13.66% 61.0%
% of Gross Profit 13.08% 18.94%
Operating Expenses $76.10M $70.70M
YoY Change 7.64% 22.32%
Operating Profit $30.20M $17.60M
YoY Change 71.59% 64.49%
Interest Expense -$8.400M -$7.800M
YoY Change 7.69% 4.0%
% of Operating Profit -27.81% -44.32%
Other Income/Expense, Net -$9.500M -$8.000M
YoY Change 18.75% -16.67%
Pretax Income $20.70M $9.600M
YoY Change 115.63% 772.73%
Income Tax $4.200M $6.500M
% Of Pretax Income 20.29% 67.71%
Net Earnings $16.50M $3.100M
YoY Change 432.26% -200.0%
Net Earnings / Revenue 3.25% 0.68%
Basic Earnings Per Share $0.47 $0.09
Diluted Earnings Per Share $0.46 $0.09
COMMON SHARES
Basic Shares Outstanding 35.09M 35.13M
Diluted Shares Outstanding 35.75M 35.57M

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.50M $51.60M
YoY Change 9.5% -67.44%
Cash & Equivalents $56.50M $51.60M
Short-Term Investments
Other Short-Term Assets $42.30M $35.50M
YoY Change 19.15% 16.01%
Inventory $720.6M $643.1M
Prepaid Expenses
Receivables $250.6M $242.2M
Other Receivables $9.400M $14.90M
Total Short-Term Assets $1.079B $987.3M
YoY Change 9.33% 8.41%
LONG-TERM ASSETS
Property, Plant & Equipment $331.6M $340.8M
YoY Change -2.7% 19.04%
Goodwill $79.90M $250.6M
YoY Change -68.12% 6.73%
Intangibles $126.6M $136.9M
YoY Change -7.52% 15.33%
Long-Term Investments
YoY Change
Other Assets $30.60M $41.50M
YoY Change -26.27% -1.43%
Total Long-Term Assets $611.7M $807.3M
YoY Change -24.23% 12.58%
TOTAL ASSETS
Total Short-Term Assets $1.079B $987.3M
Total Long-Term Assets $611.7M $807.3M
Total Assets $1.691B $1.795B
YoY Change -5.77% 10.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $338.1M $285.4M
YoY Change 18.47% 27.35%
Accrued Expenses $180.0M $177.4M
YoY Change 1.47% 14.75%
Deferred Revenue $24.00M $25.50M
YoY Change -5.88% 18.06%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.900M $9.100M
YoY Change -13.19% -9.9%
Total Short-Term Liabilities $617.6M $568.2M
YoY Change 8.69% 18.77%
LONG-TERM LIABILITIES
Long-Term Debt $369.5M $380.1M
YoY Change -2.79% 26.66%
Other Long-Term Liabilities $37.30M $51.00M
YoY Change -26.86% -5.2%
Total Long-Term Liabilities $520.7M $564.9M
YoY Change -7.82% 9.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $617.6M $568.2M
Total Long-Term Liabilities $520.7M $564.9M
Total Liabilities $1.138B $1.133B
YoY Change 0.46% 13.9%
SHAREHOLDERS EQUITY
Retained Earnings $120.8M $231.0M
YoY Change -47.71% 8.04%
Common Stock $606.2M $602.1M
YoY Change 0.68% 0.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $66.20M $62.90M
YoY Change 5.25% -9.5%
Treasury Stock Shares $5.651M $5.475M
Shareholders Equity $552.8M $661.5M
YoY Change
Total Liabilities & Shareholders Equity $1.691B $1.795B
YoY Change -5.77% 10.25%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $16.50M $3.100M
YoY Change 432.26% -200.0%
Depreciation, Depletion And Amortization $13.90M $16.10M
YoY Change -13.66% 61.0%
Cash From Operating Activities $15.40M $5.600M
YoY Change 175.0% -86.27%
INVESTING ACTIVITIES
Capital Expenditures $10.60M $8.700M
YoY Change 21.84% 8.75%
Acquisitions
YoY Change
Other Investing Activities $2.000M
YoY Change
Cash From Investing Activities -$8.600M -$8.700M
YoY Change -1.15% 8.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.10M -20.70M
YoY Change -27.05%
NET CHANGE
Cash From Operating Activities 15.40M 5.600M
Cash From Investing Activities -8.600M -8.700M
Cash From Financing Activities -15.10M -20.70M
Net Change In Cash -7.900M -23.80M
YoY Change -66.81% -179.87%
FREE CASH FLOW
Cash From Operating Activities $15.40M $5.600M
Capital Expenditures $10.60M $8.700M
Free Cash Flow $4.800M -$3.100M
YoY Change -254.84% -109.45%

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Files In Submission

Name View Source Status
mtw-20230331_cal.xml Edgar Link unprocessable
mtw-20230331_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
mtw-20230331_def.xml Edgar Link unprocessable
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0000950170-23-017268-index.html Edgar Link pending
0000950170-23-017268.txt Edgar Link pending
0000950170-23-017268-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img164427421_0.jpg Edgar Link pending
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mtw-20230331.htm Edgar Link pending
mtw-20230331.xsd Edgar Link pending
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