The Manitowoc Company, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $2.18B | $2.23B | $2.03B | $1.72B | $1.44B | $1.83B | $1.85B |
| Cost of Revenue | $1.84B | $1.80B | $1.80B | $1.67B | $1.41B | $1.19B | $1.49B | $1.52B |
| Gross Profit | $404.7M | $375.0M | $425.2M | $364.5M | $307.2M | $254.7M | $344.1M | $328.1M |
| Gross Margin | 18.1% | 17.2% | 19.1% | 17.9% | 17.9% | 17.6% | 18.8% | 17.8% |
| Operating Expenses | ||||||||
| Research & Development | $55.8M | $41.1M | $35.3M | $33.5M | $29.1M | $30.6M | $31.1M | $35.2M |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $53.8M | $51.8M | $92.4M | $-93.0M | $46.5M | $38.6M | $108.4M | $-19.3M |
| Operating Margin | 2.4% | 2.4% | 4.1% | -4.6% | 2.7% | 2.7% | 5.9% | -1.0% |
| Interest Expense | — | — | — | — | — | — | — | $39.1M |
| Pretax Income | $12.4M | $11.7M | $44.2M | $-120.2M | $17.1M | $-2.0M | $59.0M | $-71.7M |
| Income Tax Expense | $5.2M | $-44.1M | $5.0M | $3.4M | $6.1M | $17.1M | $12.4M | $-4.8M |
| Net Income | $7.2M | $55.8M | $39.2M | $-123.6M | $11.0M | $-19.1M | $46.6M | $-67.1M |
| Net Margin | 0.3% | 2.6% | 1.8% | -6.1% | 0.6% | -1.3% | 2.5% | -3.6% |
| EPS (Basic) | $0.20 | $1.58 | $1.12 | $-3.51 | $0.32 | $-0.55 | $1.31 | $-1.89 |
| EPS (Diluted) | $0.20 | $1.56 | $1.09 | $-3.51 | $0.31 | $-0.55 | $1.31 | $-1.89 |
| Shares Outstanding (Basic) | 35.4M | 35.2M | 35.1M | 35.2M | 34.9M | 34.7M | 35.5M | 35.5M |
| Shares Outstanding (Diluted) | 36.1M | 35.7M | 36.0M | 35.2M | 35.5M | 34.7M | 35.6M | 35.5M |
| Dividends Per Share | — | — | — | — | — | — | — | $0.00 |