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MTW Manitowoc

The Manitowoc Company, Inc. ('Manitowoc') was founded in 1902 and has over a 117-year tradition of providing high-quality, customer-focused products and support services to its markets, and its 2019 net sales were approximately $1.83 billion. Manitowoc is one of the world's leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, and supports comprehensive product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names.

Company profile

Ticker
MTW
Exchange
CEO
Barry Pennypacker
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
390448110

MTW stock data

(
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Calendar

12 Feb 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Manitowoc earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 128.7M 128.7M 128.7M 128.7M 128.7M 128.7M
Cash burn (monthly) (positive/no burn) 5.88M (positive/no burn) (positive/no burn) (positive/no burn) 2.93M
Cash used (since last report) n/a 20.11M n/a n/a n/a 10M
Cash remaining n/a 108.59M n/a n/a n/a 118.7M
Runway (months of cash) n/a 18.5 n/a n/a n/a 40.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 21 David J Antoniuk Common Stock Payment of exercise Dispose F No No 16.88 1,133 19.13K 95,384
1 Mar 21 Ravenscroft Aaron H. Common Stock Payment of exercise Dispose F No No 16.88 1,287 21.72K 122,304.24
1 Mar 21 Brian P Regan Common Stock Payment of exercise Dispose F No No 16.88 271 4.57K 31,465
1 Mar 21 Thomas L Doerr Jr Common Stock Payment of exercise Dispose F No No 16.88 673 11.36K 48,613
1 Mar 21 Leslie L. Middleton Common Stock Payment of exercise Dispose F No No 16.88 435 7.34K 38,751
26 Feb 21 David J Antoniuk Common Stock Payment of exercise Dispose F No No 16.29 2,296 37.4K 96,517
26 Feb 21 Ravenscroft Aaron H. Common Stock Payment of exercise Dispose F No No 16.29 2,519 41.03K 123,591.24
26 Feb 21 Brian P Regan Common Stock Payment of exercise Dispose F No No 16.29 726 11.83K 31,736
26 Feb 21 Thomas L Doerr Jr Common Stock Payment of exercise Dispose F No No 16.29 1,743 28.39K 49,286
26 Feb 21 Leslie L. Middleton Common Stock Payment of exercise Dispose F No No 16.29 1,166 18.99K 39,186

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

72.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 150 152 -1.3%
Opened positions 23 30 -23.3%
Closed positions 25 26 -3.8%
Increased positions 47 35 +34.3%
Reduced positions 43 47 -8.5%
13F shares
Current Prev Q Change
Total value 454.89M 206.3M +120.5%
Total shares 24.92M 24.53M +1.6%
Total puts 82.7K 59K +40.2%
Total calls 414.5K 38.1K +987.9%
Total put/call ratio 0.2 1.5 -87.1%
Largest owners
Shares Value Change
BLK Blackrock 2.83M $37.69M +17.9%
Dimensional Fund Advisors 2.71M $36.12M -3.1%
Front Street Capital Management 1.94M $25.77M +6.0%
Vanguard 1.8M $23.92M -25.9%
Towle & Co 1.67M $22.23M +15.5%
Millennium Management 835.2K $11.12M +131.7%
STT State Street 810.63K $10.79M -2.4%
Jacobs Levy Equity Management 613.59K $8.17M -2.7%
JPM JPMorgan Chase & Co. 609.97K $8.12M +298.4%
D. E. Shaw & Co. 596.55K $7.94M +86.0%
Largest transactions
Shares Bought/sold Change
Segall Bryant & Hamill 0 -887.27K EXIT
Firefly Value Partners 0 -699.92K EXIT
Vanguard 1.8M -626.85K -25.9%
Brandes Investment Partners 0 -496.85K EXIT
Millennium Management 835.2K +474.79K +131.7%
JPM JPMorgan Chase & Co. 609.97K +456.88K +298.4%
BLK Blackrock 2.83M +429.74K +17.9%
Verdad Advisers 410K +410K NEW
Brandywine Global Investment Management 326.66K +326.66K NEW
D. E. Shaw & Co. 596.55K +275.9K +86.0%

Financial report summary

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Competition
Terex
Risks
  • Because we participate in end markets that are highly competitive, our net sales and profits could decline as we respond, or fail to effectively respond, to competition.
  • Sales of our products are cyclical and/or are otherwise sensitive to volatile or variable factors. A downturn or weakness in overall economic activity, including as a result of the COVID-19 pandemic, or fluctuations in those other factors can have a material adverse effect on us.
  • Large or rapid increases in the cost of raw materials or components parts, substantial decreases in their availability, or our dependence on particular suppliers of raw materials and component parts could materially and adversely affect our operating results.
  • Unfair foreign competition could adversely affect our financial results.
  • Our operational results are dependent on how well we can scale our manufacturing capacity and resources to the level of our customers’ demand.
  • We depend on our key executive officers, managers and skilled personnel and may have difficulty retaining and recruiting qualified employees.
  • We may not be able to maintain our engineering, technological and manufacturing expertise.
  • Any disruption in our information systems could disrupt our operations and would be adverse to our business and financial operations.
  • We have incurred and may continue to incur additional expenses and delays due to interruptions at our manufacturing facilities as a result of the COVID-19 pandemic, and in the future we may also incur additional expenses and delays due to technical problems or other interruptions at our manufacturing facilities.
  • An inability to successfully manage information systems, or to adequately maintain these systems and their security, as well as to protect data and other confidential information, could adversely affect our business and reputation.
  • If we do not develop new and innovative products or if customers in our markets do not accept them, our results could be negatively affected.
  • We have significant manufacturing and sales of our products outside of the United States and such international operations may be subject to a number of risks specific to these countries.
  • We face risks related to sales through distributors and other third parties.
  • Increasing costs of doing business in many countries in which we operate may adversely affect our business and financial results.
  • Our operations and profitability could suffer if we experience problems with labor relations.
  • Our restructuring plans and other cost savings initiatives may not be as effective as we anticipate, and we may fail to realize the cost savings and increased efficiencies that we expect from these actions. Our operating results could be negatively affected by our inability to effectively implement such restructuring plans and other cost saving initiatives.
  • Our inability to recover from natural or man-made disasters or public health crises like COVID-19 could adversely affect our business.
  • Some of our customers may not be able to obtain financing with third parties to purchase our products, and we may incur expenses associated with our assistance to customers in securing third-party financing.
  • Our goodwill and other intangible assets represent a material amount of our total assets; as a result, impairments have had, and future impairment may have, a material adverse effect on our results of operations.
  • Our results of operations are subject to exchange rate and other currency risks. A significant movement in exchange rates could adversely impact our results of operations and cash flows.
  • Our leverage may impair our operations and financial condition.
  • We face risks associated with our pension and other postretirement benefit obligations.
  • If we do not meet customers’ product quality, reliability standards and expectations, we may experience increased or unexpected product warranty claims and other adverse consequences to our business.
  • If our manufacturing processes and products do not comply with applicable statutory and regulatory requirements, or if we manufacture products containing design or manufacturing defects, demand for our products may decline and we may be subject to product liability claims.
  • Compliance or the failure to comply with regulations and governmental policies could cause us to incur significant expense.
  • Our international sales and operations are subject to applicable laws relating to trade, export controls and foreign corrupt practices, the violation of which could adversely affect our operations.
  • If we fail to protect our intellectual property rights or maintain our rights to use licensed intellectual property, our business could be adversely affected.
Content analysis
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