MTW FY 2021 Earnings Report — The Manitowoc Company, Inc. Revenue & Financial Results | Market Cap Arena

The Manitowoc Company, Inc.MTW

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.4B	—	19.2%
Op. Income	$47M	—	$39M	—	20.5%
Gross Margin	17.9%	—	17.6%	—	0.2pp
Net Margin	0.6%	—	-1.3%	—	2.0pp
EPS (Diluted)	$0.31	—	$-0.55	—	156.4%
Free Cash Flow	$36M	—	-$61M	—	158.3%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$307M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$259M
SG&A Expenses	$259M
Other Expenses	$2M
Operating Expenses	$261M
Cost & Expenses	$1.7B
OPERATING INCOME	$47M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$17M
Income Tax Expense	$6M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$47M
EBIT	$46M
EBITDA	$93M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$307M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$259M
SG&A Expenses	$259M
Other Expenses	$2M
Operating Expenses	$261M
Cost & Expenses	$1.7B
OPERATING INCOME	$47M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$17M
Income Tax Expense	$6M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$47M
EBIT	$46M
EBITDA	$93M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$47M
Stock-Based Compensation	$7M
Deferred Income Tax	$600.0K
Other Non-Cash Items	$8M
Change in Working Capital	$3M
OPERATING CASH FLOW	$76M
Capital Expenditure	-$40M
Acquisitions (Net)	-$186M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$300.0K
NET CASH FROM INVESTING	-$226M
Net Debt Issuance	$95M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$101M
FREE CASH FLOW	$36M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$75M
Short-Term Investments	$0
Net Receivables	$253M
Inventory	$577M
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$942M
PP&E (Net)	$399M
Goodwill	$250M
Intangible Assets	$140M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$833M
TOTAL ASSETS	$1.8B
Account Payables	$239M
Short-Term Debt	$7M
Deferred Revenue	$29M
Other Current Liabilities	$146M
TOTAL CURRENT LIABILITIES	$521M
Long-Term Debt	$400M
Deferred Revenue NC	$23M
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$133M
TOTAL NON-CURRENT LIABILITIES	$592M
TOTAL LIABILITIES	$1.1B
Common Stock	$400.0K
Additional Paid-In Capital	$602M
Retained Earnings	$228M
Treasury Stock	-$66M
Accum. Other Comp. Income	-$102M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$662M
Minority Interest	$0
TOTAL EQUITY	$662M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$436M
Net Debt	$361M