Manitowoc Company Financials

$394.6 M

Revenue Q2, 2017

$354.7 M

Mkt cap, 13-Dec-2017
Gross profit (Q2, 2017)76.3 M
Gross profit margin (Q2, 2017), %19%
Net income (Q2, 2017)500 K
EBIT (Q2, 2017)9.9 M
Cash, 30-Jun-201726.3 M
EV617.5 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4 b3.9 b3.4 b1.6 b

Revenue growth, %

(4%)(12%)(53%)

Cost of goods sold

3 b2.9 b2.6 b1.4 b

Gross profit

1 b986.1 m833.2 m240.2 m

Gross profit Margin, %

25%25%24%15%

EBIT

(153.3 m)

EBIT margin, %

(10%)

Interest expense

128.4 m94 m97 m39.6 m

Net Income

167.6 m148.4 m63.5 m(375.8 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

1 b850 m1 b986.3 m752.1 m885.4 m863.5 m427.4 m457.7 m349.8 m305.8 m394.6 m

Cost of goods sold

754.4 m622.9 m740.5 m741.1 m569.6 m662.9 m657.8 m345.5 m369.5 m308.3 m253.9 m318.3 m

Gross profit

260.1 m227.1 m272.3 m245.2 m182.5 m222.5 m205.7 m81.9 m88.2 m41.5 m51.9 m76.3 m

Gross profit Margin, %

26%27%27%25%24%25%24%19%19%12%17%19%

Operating expense total

914.7 m796.4 m917.4 m905 m739.4 m825 m821.3 m424.4 m83.4 m175 m75.6 m66.4 m

EBIT

4.8 m(133.5 m)(23.7 m)9.9 m

EBIT margin, %

1%(38%)(8%)3%

Interest expense

32 m19.3 m25.1 m24.7 m23.6 m24.4 m24.3 m9.7 m9.9 m10 m10.1 m9.7 m

Income tax expense

19.2 m(18.1 m)(1.2 m)14.7 m(5.3 m)1.5 m2.3 m

Net Income

50.6 m46.6 m73.1 m(8.4 m)23.3 m4.8 m(204 m)(4.9 m)(140 m)(36 m)500 k

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

54.9 m68 m63.4 m69.9 m

Current Assets

1.3 b1.2 b1 b749.7 m

Goodwill

1.2 b1.2 b1.2 b299.6 m

Total Assets

4 b3.8 b3.4 b1.5 b

Accounts Payable

935.6 m807.4 m707.9 m321.2 m

Short-term debt

22.7 m80.3 m67.6 m12.4 m

Current Liabilities

1.1 b1 b883.6 m412.8 m

Long-term debt

1.5 b1.4 b1.3 b269.1 m

Non-Current Liabilities

2.1 b2 b1.7 b514.5 m

Total Debt

1.5 b1.5 b1.4 b281.5 m

Total Liabilities

3.2 b3 b2.6 b927.3 m

Common Stock

1.4 m1.4 m1.4 m1.4 m

Additional Paid-in Capital

506 m539.7 m558 m567.6 m

Retained Earnings

353.2 m486.9 m539.5 m247.3 m

Total Equity

782.3 m824.1 m819.5 m

Debt to Equity Ratio

2 x1.8 x1.7 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.2 x

Financial Leverage

5.1 x4.6 x4.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

84.5 m78.8 m103.5 m74.8 m68.2 m67.7 m75.2 m36.1 m26.3 m

Current Assets

1.5 b1.4 b1.5 b1.4 b1.3 b1.3 b1.3 b899 m850.1 m786.6 m735.5 m786.5 m

Goodwill

1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b312.7 m307.5 m309.8 m302.9 m312.5 m

Total Assets

4.2 b4.1 b4.2 b4.1 b3.8 b3.8 b3.8 b1.8 b1.8 b1.6 b1.5 b1.6 b

Accounts Payable

902.9 m788.8 m840.6 m787.1 m741 m764.7 m720.7 m424.3 m395.5 m350.3 m336.1 m370.9 m

Short-term debt

33.7 m17.2 m15.3 m12.9 m11 m

Current Liabilities

1.1 b984 m1 b1 b934.4 m970.1 m931 m526.6 m482.9 m435.7 m427.7 m459.7 m

Long-term debt

1.7 b1.8 b1.7 b1.7 b1.6 b1.6 b1.6 b269.3 m275 m293 m268.6 m278.1 m

Non-Current Liabilities

2.3 b2.3 b2.3 b2.2 b2.1 b2.1 b2.1 b525.9 m531.7 m540 m507.5 m519.9 m

Total Debt

1.7 b1.8 b1.7 b1.7 b1.6 b1.6 b1.6 b303 m292.2 m308.3 m281.5 m289.1 m

Common Stock

1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m

Additional Paid-in Capital

500.8 m526.6 m532.8 m537.2 m546.7 m549.3 m552.6 m560.3 m564.2 m566 m570.7 m571.7 m

Retained Earnings

343 m344.4 m391 m464.1 m478.5 m501.8 m506.6 m386.3 m378.3 m238.3 m211.3 m211.8 m

Total Equity

714.5 m794.2 m845.4 m873.8 m758.8 m799.2 m789.9 m767.9 m751.3 m623.5 m570.7 m596.1 m

Financial Leverage

5.8 x5.2 x5 x4.7 x5 x4.8 x4.8 x2.4 x2.4 x2.6 x2.6 x2.6 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

167.6 m148.4 m63.5 m(375.8 m)

Depreciation and Amortization

68.5 m68.4 m69.9 m3 m

Accounts Receivable

74.3 m10.3 m(16 m)18.4 m

Inventories

(22 m)9 m2.1 m52.7 m

Accounts Payable

(1.6 m)(8.9 m)(37.2 m)(105.8 m)

Cash From Operating Activities

323.1 m98.3 m98 m(172.3 m)

Capital Expenditures

(110.7 m)(84.8 m)(68.1 m)(45.9 m)

Cash From Investing Activities

(82.2 m)(83.6 m)16.9 m(41.5 m)

Long-term Borrowings

(266.5 m)(638.7 m)(106.1 m)(1.4 b)

Dividends Paid

(10.7 m)(10.8 m)(10.9 m)

Cash From Financing Activities

(256.4 m)4 m(112.9 m)219.4 m

Interest Paid

134.6 m120.4 m98.8 m49.6 m

Income Taxes Paid

55.6 m87 m20.9 m8.9 m

Free Cash Flow

433.8 m183.1 m166.1 m(218.2 m)

Quarterly

USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

50.6 m46.6 m73.1 m(8.4 m)23.3 m4.8 m(204 m)(4.9 m)(140 m)(36 m)

Depreciation and Amortization

8.8 m8.8 m8.6 m8.6 m8.6 m700 k800 k700 k400 k

Accounts Payable

764.7 m720.7 m424.3 m395.5 m350.3 m336.1 m

Ratios

Y, 2017

EV/EBIT

62.4 x

Financial Leverage

2.6 x