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 | | --- | --- ...

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 September 30, 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 | | --- | ...

Financial Data and Key Metrics Changes - Third quarter orders totaled $535 million, an increase of $145 million, or 37%, compared to the same period last year [20] - Net sales in the third quarter were $405 million, an increase of $49 million or 14% from a year ago, despite being negatively impacted by approximately 16% due to supply chain issues [22] - Adjusted EBITDA for the third quarter was $20 million, a decrease of approximately $5 million year-over-year, with an adjusted EBITDA margin of 4.9%, down 210 basis points from the prior year [23][24] - GAAP diluted net loss per share was $0.01, while adjusted diluted earnings per share were $0.06, declining by $0.04 from the prior year [25] Business Line Data and Key Metrics Changes - The acquisition of Aspen Equipment and the H&E crane business was finalized for approximately $180 million, with an all-in EBITDA multiple of roughly six times [12] - The backlog increased to $891 million, a 92% increase over the prior year, with over 50% scheduled to ship within the year [21] Market Data and Key Metrics Changes - North America dealer inventory levels are in line with current demand, while Europe is seeing recovery in all-terrain products and elevated levels in the tower crane business [14] - In Asia, while China is softening, other markets like South Korea and Australia remain strong, although a moderate slowdown in orders was noted in September and October [15] Company Strategy and Development Direction - The company is focused on integrating recent acquisitions and maintaining a disciplined approach to its North American aftermarket strategy through organic and inorganic growth opportunities [37] - The European tower crane rental fleet strategy has progressed, doubling the size of the rental fleet and maintaining high asset utilization rates [32] - The company aims to transition from a low-margin crane manufacturer to a customer-driven company focused on aftermarket services [39] Management's Comments on Operating Environment and Future Outlook - Management expressed pride in the team's execution during the quarter despite financial results not reflecting overall progress due to supply chain and inflationary challenges [19] - Concerns were raised about ongoing supply chain issues, transportation, inflation, and labor constraints impacting future performance [30] - The company remains optimistic about the North American market, citing positive sentiment regarding infrastructure programs and stable oil prices [70] Other Important Information - The company generated $18 million of cash from operating activities in the quarter, compared to $28 million in the prior year, with a cash balance of $222 million at the end of the quarter [25][26] - Full-year guidance was updated to reflect revenue of approximately $1.725 to $1.775 billion and adjusted EBITDA of approximately $100 million to $110 million [27] Q&A Session Summary Question: Can you provide details on the cadence of your pricing actions this year? - Management indicated that commodity pricing has flattened out, and price increases have been implemented three to four times over the last six months, with current orders being matched with locked-in costs [42] Question: How does the M&A pipeline look today? - Management feels positive about the M&A pipeline but is focused on integrating recent acquisitions before pursuing new ones [44] Question: Can you discuss the pricing mechanisms and potential margin expansion? - Management noted that while steel prices have started to roll over, it is too early to determine how sticky the price increases will be [49] Question: What is the cadence of orders and outlook for North America? - Management observed that order intake was strong ahead of price increases, but September and October saw lighter orders, with a need to monitor the situation in the coming months [63]

Financial Data and Key Metrics Changes - The second quarter orders totaled $537 million, an increase of $299 million or 126% compared to the same period last year [19] - Net sales in the second quarter were $464 million, an increase of $135 million or 41% year-over-year [21] - Adjusted EBITDA for the second quarter was $41 million, an increase of $33 million year-over-year, with an adjusted EBITDA margin improving to 8.8%, up 638 basis points from the prior year [23] - GAAP diluted earnings per share in the quarter was $0.50, while adjusted diluted earnings per share improved by $1.07 from the prior year to $0.60 [25] Business Line Data and Key Metrics Changes - All reportable segments reported increases in sales, driven by higher customer demand [21] - The parts and service business was up 10% year-over-year on a year-to-date basis [91] Market Data and Key Metrics Changes - The backlog as of June 30 was $736 million, an increase of 71% over the prior year, with over 85% scheduled to ship within the year [20] - The tower crane business in Europe is experiencing strong demand, while the recovery of the European mobile crane market is lagging [16] - In Asia, strong demand continues, although there has been a slowdown in China during the summer months [16] Company Strategy and Development Direction - The company is committed to four strategic growth initiatives: growing the tower crane rental and aftermarket business in Europe, building out the China and Belton road tower crane business, accelerating new product development in all terrains, and expanding aftermarket activities in North America [32] - The recent acquisition of H&E's crane business is seen as a key part of the growth strategy, providing a strong service network and opportunities for growth in service, parts, and new product sales [33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the crane market, despite challenges from supply chain disruptions and inflationary pressures [35] - The company anticipates that the second half of the year will be impacted by rising input costs, but remains focused on executing its growth strategy [36] - There is a belief that 2022 could return to a more normalized pricing and cost environment, although uncertainty remains [42] Other Important Information - The company has reinstated its 2021 full-year guidance, excluding the impact of the pending acquisition of H&E Equipment Services [28] - The company generated $9 million of cash from operating activities in the quarter, with a total liquidity of $454 million as of June 30 [26] Q&A Session Summary Question: Did supplier constraints limit production in the quarter? - Management indicated it was a combination of supply chain disruptions and pricing issues, with some disruptions affecting crane shipments [40][41] Question: Are price increases sufficient to cover known inflation? - Management expressed hope for normalization in 2022 but acknowledged ongoing challenges with rising costs [42] Question: What is the capacity utilization for cranes in the field by region? - Utilization in the U.S. is improving, while Europe shows strong demand for tower cranes but is more muted for all terrains [60] Question: What are the expectations for the oil and gas market? - Management noted that oil prices are slowly increasing, which could positively impact demand for cranes in that sector [115]

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 June 30, 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 (State or other juri ...