0001193125-26-057356
SEC filingThe Manitowoc Company, Inc. reported net sales of $2.24 billion for fiscal year 2025, generating gross profit of $404.7 million. Operating income was $53.8 million, while net income reached $7.2 million after total other expenses of $41.4 million and income tax provision of $5.2 million. The company maintained a strong balance sheet with total assets of $1.82 billion, including $1.10 billion in current assets and $77.3 million in cash and cash equivalents. Total liabilities stood at $1.12 billion, with long-term debt of $447.1 million, resulting in stockholders' equity of $695.2 million. Cash flow from operations was $22.2 million, while investing activities used $49.5 million primarily for capital expenditures of $37.5 million. Financing activities provided $54.8 million, leading to a net increase in cash of $29.3 million for the period.
The Manitowoc Company, Inc. reported financial results for fiscal year 2025 ending December 31, 2025. The company achieved net sales of $2.24 billion with cost of sales of $1.84 billion, resulting in gross profit of $404.7 million. Operating costs and expenses totaled $350.9 million, including engineering, selling and administrative expenses of $342.9 million, amortization of intangible assets of $3.1 million, and restructuring expense of $4.9 million. This yielded operating income of $53.8 million. Other expenses included interest expense of $37.7 million, amortization of deferred financing fees of $1.5 million, and other expense - net of -$2.2 million, totaling $41.4 million. Income before income taxes was $12.4 million, with provision for income taxes of $5.2 million, resulting in net income of $7.2 million. Basic and diluted net income per common share were both reported as $0.
The company reported net sales of $2.24 billion for the fiscal year. No segment breakdown, geographic mix, or specific growth drivers were provided in the available data. The financial statements present consolidated results without segmentation information. The revenue figure represents the total sales generated by the company across all operations during the fiscal year. No comparative data from prior periods was provided in the available information, preventing year-over-year analysis of revenue trends or growth patterns.
The company achieved a gross margin of 18.1% based on net sales of $2.24 billion and gross profit of $404.7 million. Operating margin was 2.4% calculated from operating income of $53.8 million relative to net sales. The cost structure shows engineering, selling and administrative expenses of $342.9 million, representing 15.3% of net sales. Amortization of intangible assets was $3.1 million, and restructuring expense was $4.9 million. The net income margin was 0.3% based on net income of $7.2 million. No comparative margin data from prior periods was provided in the available information.
Cash flow from operating activities was $22.2 million, driven by net income of $7.2 million plus adjustments including depreciation expense of $59.9 million, amortization of intangible assets of $3.1 million, stock-based compensation expense of $9.5 million, and changes in working capital. Investing activities used $49.5 million primarily for capital expenditures of $37.5 million and purchase of assets of $12.9 million, partially offset by proceeds from sale of fixed assets of $900,000. Financing activities provided $54.8 million, with proceeds from revolving credit facility of $134.7 million offset by payments on revolving credit facility of $75.0 million and other financing activities. The balance sheet shows total assets of $1.82 billion including current assets of $1.10 billion, property, plant and equipment of $343.0 million, and goodwill of $79.6 million. Total liabilities were $1.12 billion with long-term debt of $447.1 million, resulting in stockholders' equity of $695.2 million.
No management guidance, strategic priorities, or specific risk factors were provided in the available financial data. The filing presents historical financial results without forward-looking statements or outlook information. The financial statements cover the fiscal year ended December 31, 2025, but do not include projections, forecasts, or management discussion of future plans. Investors should refer to additional sections of the complete 10-K filing for information on business strategy, risk factors, and management's discussion and analysis of financial condition and results of operations.