Financial Performance - Orders decreased by 12.7% year-over-year, reaching $472 million in Q3 2022 compared to $540.6 million in Q3 2021[16] - Net sales increased by 12.4% year-over-year, with $454.7 million in Q3 2022 compared to $404.5 million in Q3 2021[16] - Adjusted operating income decreased by 10.3% year-over-year, from $9.7 million in Q3 2021 to $8.7 million in Q3 2022[16] - Adjusted net income increased significantly by 54.5% year-over-year, from $2.2 million in Q3 2021 to $3.4 million in Q3 2022[16] - Adjusted EBITDA increased by 20% year-over-year, from $20 million in Q3 2021 to $24 million in Q3 2022[16] - Free cash flow was negative $21.2 million in Q3 2022, compared to positive $11.5 million in Q3 2021[16] - Backlog increased by 5.9% year-over-year, from $890.6 million to $943.4 million[16] Market Dynamics and Strategic Initiatives - Aftermarket grew +27% year-over-year[8] - The company is expanding its direct-to-customer footprint through acquisitions like MGX and Aspen, and expanded boom truck territory[11, 12]

Second-Quarter 2022 Earnings Conference Call August 5, 2022 Aaron Ravenscroft – President & Chief Executive Officer Brian Regan – EVP & Chief Financial Officer Ion Warner – SVP Marketing & Investor Relations Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made, and ar ...

Financial Data and Key Metrics Changes - The company reported second quarter revenue of approximately $497 million, a 7% increase year-over-year, driven by a stronger shippable backlog and acquisitions [20] - Adjusted EBITDA for the quarter was $36 million, a decline of 11% year-over-year, with an adjusted EBITDA margin of 7.3%, down approximately 150 basis points from the previous year [21] - Net foreign currency exchange losses contributed $0.16 to the year-over-year decline in adjusted diluted income per share, which was $0.21, down from the previous year [22] Business Line Data and Key Metrics Changes - The aftermarket business grew by 21% compared to the same period last year, primarily due to the acquisition of the H&E crane business [11] - Orders totaled $434 million, a decrease of 19% year-over-year, with lower demand across all segments [18] - The backlog decreased by $86 million sequentially to $948 million, impacted by foreign currency exchange rates [19] Market Data and Key Metrics Changes - The global crane market is showing signs of slowing, with demand in regions like the Middle East gaining strength, while the overall market is tempered by inflation and rising interest rates [9][10] - The German and French tower crane markets are facing challenges, with delays in construction projects and a winding down of activities related to the 2024 Olympics in Paris [33] - The U.S. market shows mixed signals, with good fleet utilization during summer but cooling residential construction [34] Company Strategy and Development Direction - The company is focused on continuous improvement and expanding its aftermarket services, with plans to engage key accounts and grow service contracts [11] - There is an emphasis on managing costs and navigating supply chain constraints while preparing for a potential crane renaissance driven by fleet replacements [40] - The company is investing in solar panel projects in Portugal and Italy to mitigate energy costs and enhance sustainability [32] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about inflation, particularly regarding wages and energy prices, while noting that commodity prices have started to decline [26][30] - The company anticipates that working capital will peak in the third quarter and begin to trend down in the fourth quarter [24] - There is optimism about long-term growth driven by infrastructure investments and a potential replacement cycle for aging fleets [40] Other Important Information - The company repurchased 150,000 shares for $2 million during the quarter, with a remaining authorization of just under $9 million [23] - Capital spending for the year is expected to be around $65 million, with flexibility based on cash flow performance [86] Q&A Session Summary Question: Changes in guidance and expectations for the second half - Management indicated that while they are comfortable with the low end of the EBITDA guidance, there are still headwinds from inflation impacting costs [46][47] Question: Resilience of earnings in a potential downturn - Management expressed hope that they can manage costs effectively and return to a more normalized business environment despite ongoing inflation challenges [49] Question: Demand in end markets - Management highlighted strong demand in Saudi Arabia for infrastructure projects, contrasting with concerns in Europe [58] Question: CapEx expectations - The company is targeting $65 million in capital expenditures for the year, with a portion allocated for the rental fleet [86] Question: Order cancellations - Management confirmed that there are no material cancellations, with the decline primarily due to a lack of new orders [87] Question: European energy costs and demand concerns - Management noted that demand concerns are driven by broader economic uncertainties, particularly related to energy costs in Europe [93] Question: Infrastructure bill impact - Management remains optimistic about the long-term impact of the infrastructure bill, although immediate effects are not yet visible [114]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-11978 The Manitowoc Company, Inc. (Exact Name of Registrant as Specified in its Charter) Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR Wisconsin 39-0448110 (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-11978 The Manitowoc Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-0448110 (State or other jur ...

Financial Data and Key Metrics Changes - The company's net orders for Q1 2022 were just over $480 million, with a reversal of approximately $20 million in orders due to the Ukrainian crisis, indicating a strong demand despite challenges [10][17] - Sales for the quarter were nearly $460 million, representing a year-over-year increase of $100 million but falling short of internal forecasts by about $35 million [11][19] - Adjusted EBITDA for the first quarter was $31 million, reflecting a year-over-year increase of approximately 47%, with an adjusted EBITDA margin of 6.8% [20][21] - The company reported a GAAP diluted income per share of $0.09 and an adjusted diluted income per share of $0.03, an improvement of $0.09 from the prior year [23] Business Line Data and Key Metrics Changes - Non-new machine sales grew by approximately 20% year-over-year, contributing to the company's strategic initiative to increase these sales by 50% over the next five years [12] - SG&A expenses increased by approximately $9 million year-over-year, primarily due to acquisitions [20] Market Data and Key Metrics Changes - Orders in the Americas segment increased, offsetting lower orders in the EURAF segment due to market softening and canceled Russian orders [17] - The company noted that foreign currency fluctuations negatively impacted orders by approximately $15 million [18] Company Strategy and Development Direction - The company is focused on sustainability initiatives, including reducing energy consumption and landfill waste through various operational improvements [13][14] - The management emphasized the importance of endurance in navigating current market challenges, with a continued focus on core initiatives and the CRANES+50 target for non-new machine sales growth [44] Management's Comments on Operating Environment and Future Outlook - The management highlighted significant challenges due to the humanitarian crisis in Ukraine, which has led to increased commodity and energy prices, as well as strained supply chains [30][31] - There are concerns about declining buyer confidence and potential impacts on future orders, particularly in Europe and North America [45] - The company anticipates significant downward pressure on margins in the second half of the year due to inflationary pressures and rising costs [42][43] Other Important Information - The company has halted new business in Russia and canceled all orders not in transit, evaluating the financial implications of this decision [41] - The management remains optimistic about long-term growth, citing the aging installed base of cranes and potential infrastructure investments as future opportunities [46] Q&A Session Summary Question: What are the factors contributing to the cracks in the crane market? - The management indicated that the situation in Europe is primarily driven by the humanitarian crisis in Ukraine, affecting cost and buyer confidence, while in North America, the softness is more granular with specific product lines showing declines [52][53] Question: How have price increases affected demand? - The management acknowledged that price increases have started to impact order rates, with a noticeable decline in orders from January to April [56][58] Question: What are the top challenges in the supply chain currently? - The management identified multiple challenges, including parts shortages, freight issues, and the impact of lockdowns in China, particularly concerning steel production [97][98] Question: What is the outlook for revenue growth and pricing versus volume? - The management maintained that the long-term revenue goal of $2.5 billion remains achievable, despite current market challenges, emphasizing that a slower period could lead to a stronger rebound in the future [78]

First-Quarter 2022 Earnings Conference Call Aaron Ravenscroft– President & Chief Executive Officer May 4, 2022 Brian Regan – EVP & Chief Financial Officer Ion Warner – SVP Marketing & Investor Relations Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made, and are sub ...

Fourth-Quarter 2021 Earnings Conference Call February 22, 2021 Aaron Ravenscroft– President & Chief Executive Officer David Antoniuk – EVP & Chief Financial Officer Ion Warner – VP Marketing & Investor Relations Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made, an ...

Financial Data and Key Metrics Changes - Orders for Q4 2021 totaled $615 million, with a book-to-bill ratio of 1.24, representing a 21% increase compared to $509 million in the previous year [28] - The ending backlog for 2021 was $1 billion, up 86% year-over-year, marking the highest level in over 10 years [29] - Net sales in Q4 were $498 million, an increase of $68 million or 16% from the previous year [30] - Adjusted EBITDA for Q4 was $34 million, flat year-over-year, with an adjusted EBITDA margin of 6.9%, a decrease of 100 basis points from the prior year [32][33] - Full-year 2021 orders totaled approximately $2.2 billion, up 43% from the prior year, while net sales reached approximately $1.7 billion, a 19% increase [35][36] Business Line Data and Key Metrics Changes - The company invested $15 million in its tower crane rental fleet in Europe, which contributed to increased market share in Germany [11] - Acquisitions contributed $24 million to net sales in Q4, slightly below previous expectations [30] - SG&A costs increased by $24 million, with $14 million attributed to a legal matter with the U.S. Environmental Protection Agency [31] Market Data and Key Metrics Changes - Demand remained strong across all regions except for China, with robust activity noted in Europe and the U.S. [20][68] - The company faced challenges in the China market, which was an exception to the overall positive demand trends [68] Company Strategy and Development Direction - The company aims to increase aftermarket sales by 50% over the next five years through a strategy called Cranes+50, focusing on non-new machine sales [50][51] - The company plans to continue pursuing acquisitions to support its growth initiatives and maintain flexibility in its capital structure amid rising interest rates [48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing global supply chain and logistical challenges, with expectations for improvement in the second half of 2022 [40] - The company anticipates adjusted net sales for 2022 to be between $2 billion and $2.2 billion, with adjusted EBITDA guidance of approximately $130 million to $160 million [41] Other Important Information - The company completed two acquisitions in North America, enhancing its aftermarket presence in the local mobile cranes market [11] - A formal CFO succession plan was announced, with Dave Antoniuk set to retire and Brian Regan to assume the CFO role [24] Q&A Session Summary Question: Recovery of shipment shortfall in October and November - Management indicated that $75 million of missed shipments were partially recovered in December, with expectations to recover the remainder in January and February [56][57] Question: Backlog details - The majority of the backlog is scheduled to ship in 2022, and all pricing is fixed in the backlog [58] Question: Cranes+50 strategy and M&A - The growth in aftermarket sales will come from both acquisitions and organic growth, with a focus on used business opportunities [64][66] Question: Regional outlook for 2022 - Management noted strong performance across most regions, with the exception of China, and expressed confidence in continued robust demand [68] Question: Margin performance in Q4 - The improved margin performance was attributed to product mix and effective execution in manufacturing [96] Question: New product development and lean thinking - The company has implemented lean thinking in product development processes, emphasizing customer needs and specifications [105]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11978 The Manitowoc Company, Inc. (Exact name of registrant as specified in its charter) | Wisconsin | 39-0448110 | | --- | --- ...