The Manitowoc Company, Inc. MTW Income Statement

The manitowoc company, inc. (MTW)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales
329,200	463,400	448,000	504,700	418,000	515,300	450,100	495,300	386,100	481,500	399,400	394,600	305,800	378,200	349,800	457,700	427,400	543,100	438,200	477,700	406,700	-543,900	986,300	1,012,800	850,000	1,104,300	1,012,100	1,037,100	894,600	1,116,700	947,500	997,200	851,900	971,900	935,400	949,800	732,200	800,700	807,100	819,300	684,400	881,500	1,034,800
Cost of sales
266,000	383,100	359,600	409,500	337,800	426,100	370,100	404,800	317,700	400,300	326,900	318,300	253,900	332,700	309,000	370,400	347,700	451,100	368,300	382,800	331,300	-270,700	742,400	742,000	624,300	842,700	750,000	761,100	672,500	862,100	713,600	746,000	648,600	767,600	712,300	724,800	551,700	614,100	606,900	613,100	518,000	680,000	798,000
Gross profit
63,200	80,300	88,400	95,200	80,200	89,200	80,000	90,500	68,400	81,200	72,500	76,300	51,900	45,500	40,800	87,300	79,700	-	69,900	94,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs and expenses:
Engineering, selling and administrative expenses
55,900	60,900	54,800	50,500	59,400	67,000	62,100	62,100	60,400	66,500	59,000	58,400	61,400	51,600	73,000	73,400	72,400	77,100	77,600	79,500	82,700	-128,700	152,100	165,500	161,300	151,900	149,600	159,500	156,600	148,600	152,500	149,600	146,900	132,200	143,200	145,400	140,200	126,400	133,400	124,500	124,600	132,700	153,300
Asset impairment expense
-	-	-	-	-	-	-	400	-	-	-	-	-	-	96,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
100	100	0	100	100	100	0	100	100	100	0	300	400	800	700	800	700	700	800	700	800	-23,100	8,800	8,800	8,800	8,800	8,600	8,900	9,000	8,600	9,300	9,300	9,300	8,200	9,900	9,600	9,700	8,700	9,500	9,700	9,500	8,400	8,400
Integration expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000
Restructuring expense
1,500	1,500	1,100	2,700	4,500	1,900	1,000	3,800	6,200	5,900	3,700	5,900	11,700	6,300	3,900	8,800	4,400	9,000	-400	600	200	1,900	1,700	1,000	2,000	3,200	400	900	300	7,900	700	200	700	1,800	900	2,000	800	800	1,400	1,300	300	12,800	21,500
Other expense
-	-	-	-	-	-	-	-	-	-	-	200	-200	-300	-500	-400	-1,400	-	-100	100	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Separation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	-	-	-	-
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	100	-	-800	200	0	300	500	1,900	100	0	-	300	100	100	-	-	-	-	-	-
Total operating costs and expenses
57,500	62,500	55,900	53,300	64,000	151,200	63,100	66,400	66,700	72,700	62,700	64,400	73,700	59,000	175,000	83,400	78,900	-229,200	78,100	80,700	415,000	-2,258,700	905,000	917,400	796,400	1,005,800	908,800	930,400	838,700	1,027,700	878,000	905,200	805,500	908,800	866,600	881,900	702,500	750,300	753,200	748,600	652,400	833,900	983,200
Operating income
5,700	17,800	32,500	41,900	16,200	-62,000	16,900	24,100	1,700	8,500	9,800	11,900	-21,800	-13,500	-134,200	3,900	800	-10,100	-8,200	14,200	-8,300	-123,200	81,300	95,400	53,600	98,500	103,300	106,700	55,900	89,000	69,500	92,000	46,400	63,100	68,800	67,900	29,700	50,400	53,900	70,700	32,000	47,600	51,600
Other expense:
Interest expense
7,200	7,100	7,200	7,500	10,900	9,800	9,900	9,400	10,000	9,800	9,600	9,700	10,100	10,000	10,000	9,900	9,700	24,300	24,000	24,000	23,300	23,700	24,700	25,100	19,300	31,600	31,600	32,200	33,000	34,400	34,400	33,800	33,000	33,700	34,000	38,300	39,400	45,000	46,200	43,200	40,600	49,000	41,000
Amortization of deferred financing fees
400	300	400	400	400	400	500	400	500	500	500	400	500	400	500	400	900	1,000	1,100	1,000	1,100	1,100	1,000	1,100	1,200	1,700	1,800	1,700	1,800	2,100	2,000	2,100	2,000	2,100	2,200	2,700	3,400	4,600	5,300	5,200	6,900	7,000	6,600
Loss on debt extinguishment
-	0	0	0	-25,000	-	-	-	-	-	-	-	-	0	0	0	-76,300	-200	0	0	0	-200	0	0	-25,300	-2,600	0	0	-400	-6,300	0	0	0	-1,900	0	-24,200	-3,600	-27,200	-1,100	0	-15,700	-	-1,100
Other expense - net
-4,000	900	-3,700	15,900	-3,300	-2,900	-5,700	-5,600	2,700	-2,800	-3,100	1,200	-2,100	-10,700	500	2,100	1,100	1,200	-2,400	2,800	-200	-3,200	700	-3,100	800	-1,900	900	-1,400	1,600	100	-200	2,000	-1,800	-900	2,000	300	900	2,800	0	-5,500	-6,300	2,300	4,100
Total other expense
-11,600	-6,500	-11,300	8,000	-39,600	-13,100	-16,100	-15,400	-7,800	-13,100	-13,200	-8,900	-12,700	-21,100	-10,000	-8,200	-85,800	-24,300	-27,500	-22,200	-24,600	-28,200	-25,000	-29,300	-45,000	-37,800	-32,500	-35,300	-33,600	-42,700	-36,600	-33,900	-36,800	-38,600	-34,200	-64,900	-45,500	-74,000	-52,600	-53,900	-69,500	-53,700	-44,600
Loss before income taxes
-5,900	11,300	21,200	49,900	-23,400	-75,100	800	8,700	-6,100	-4,600	-3,400	3,000	-34,500	-34,600	-144,200	-4,300	-85,000	-34,400	-35,700	-8,000	-32,900	-151,400	56,300	66,100	8,600	60,700	70,800	71,400	22,300	46,300	32,900	58,100	9,600	24,500	34,600	3,000	-15,800	-23,600	1,300	16,800	-37,500	-6,100	7,000
Provision for income taxes
1,900	2,100	3,100	3,900	3,300	3,200	-10,700	-1,200	3,900	-40,200	-13,100	2,300	1,500	-2,600	-5,300	700	107,700	-25,900	-6,100	-1,700	-7,400	-21,500	-18,100	19,200	2,600	1,300	17,000	9,300	8,500	-2,400	13,500	15,500	11,400	-1,300	12,900	600	1,400	33,400	2,700	3,900	-13,800	3,600	-6,200
Net income (loss) from continuing operations
-	-	18,100	46,000	-	-	11,500	9,900	-	-	9,700	700	-	-32,000	-138,900	-5,000	-192,700	-8,500	-29,600	-6,300	-25,500	-129,900	74,400	46,900	6,000	59,400	53,800	62,100	13,800	48,700	19,400	42,600	-1,800	25,800	21,700	2,400	-17,200	-57,000	-1,400	12,900	-23,700	-9,700	13,200
Loss from discontinued operations, net of income taxes of $0.0, $0.0 and $0.0, respectively
-	-	-	-	-	-	-	-200	-	-	-	-200	-	-1,400	-1,800	-800	-3,200	54,300	34,400	29,600	17,100	162,900	-200	-300	-1,000	-3,900	-3,200	-7,600	-4,100	-16,600	300	400	-400	-12,700	-100	-300	-2,700	-10,500	1,900	400	100	-1,800	-3,000
Net loss
-7,800	9,200	18,100	46,000	-26,700	-78,300	11,500	9,700	-10,000	35,300	9,600	500	-36,000	-33,400	-140,700	-5,800	-195,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,100	-23,200	-12,600	-12,300
Amounts attributable to the Manitowoc common shareholders:
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-129,900	74,400	46,900	1,700	24,100	54,200	62,400	14,100	42,800	21,900	44,900	100	22,000	23,800	3,500	-16,300	-56,400	-500	13,700	-23,300	-8,200	13,900
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-100	-	-	-	-	-	-	-	-	-	-	162,900	-200	-300	-600	-2,100	-1,300	-4,800	-2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,100	0	-9,900	-1,100	0	0	-1,600	0	0	0	0	-1,000	0	-200	-33,400	-	-	-	-	-2,600	-23,200
Net income (loss) attributable to Manitowoc common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,800	4,800	23,300	-8,400	33,000	73,100	46,600	-8,800	20,900	52,900	57,600	10,400	34,500	22,200	45,300	-300	14,500	23,700	3,000	-52,400	-	1,400	-	-	-	-
Loss on sale of discontinued operations, net of income taxes of $0.0, $0.0, and $(0.6), respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,100	0	-9,900	-1,100	0	0	-1,600	0	0	0	0	-1,000	0	-200	-33,400	-	-	-	-	-2,600	-23,200
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,000	73,100	46,600	-4,900	54,400	50,600	54,500	8,100	32,100	19,700	43,000	-2,200	12,100	21,600	1,900	-53,300	-67,500	500	13,300	-23,600	-14,100	-13,000
Less: Net income attributable to noncontrolling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,900	33,500	-2,300	-3,100	-2,300	-2,400	-2,500	-2,300	-1,900	-2,400	-2,100	-1,100	-900	-600	-900	-800	-400	-1,500	-700
Net income (loss) attributable to Manitowoc common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,800	4,800	23,300	-8,400	33,000	73,100	46,600	-8,800	20,900	52,900	57,600	10,400	34,500	22,200	45,300	-300	14,500	23,700	3,000	-52,400	-	1,400	-	-	-	-
Per Share Data
Basic net income (loss) per common share:
Net income (loss) from continuing operations
-	-	0.51	1.29	-	-	0.32	0.28	-	-	0.27	0.02	-	-8.24	-1.01	-0.04	-1.41	-1.60	-0.22	-0.05	-0.19	-0.96	0.55	0.35	0.01	0.17	0.41	0.47	0.11	0.32	0.17	0.34	0.00	0.16	0.18	0.03	-0.12	-0.43	0.00	0.10	-0.18	-0.06	0.11
Loss from discontinued operations
-	-	-	-	-	-	-	-0.01	-	-	-	-0.01	-	-0.17	-0.01	-0.01	-0.02	3.38	0.25	0.22	0.13	1.20	0.00	0.00	0.00	-0.01	-0.01	-0.04	-0.02	-0.06	0.00	0.00	0.00	-0.05	0.00	0.00	-0.02	-0.07	0.01	0.00	0.00	-0.01	-0.02
Loss on sale of discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	0.00	-0.07	-0.01	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	-0.26	-	-	-	-	-0.02	-0.18
Basic net loss per common share
-0.22	0.26	0.51	1.29	-0.75	-2.20	0.32	0.27	-0.28	1.01	0.27	0.01	-1.03	-8.42	-1.02	-0.04	-1.43	1.77	0.04	0.17	-0.06	0.25	0.54	0.35	-0.07	0.16	0.40	0.43	0.08	0.25	0.17	0.35	0.00	0.11	0.18	0.02	-0.40	-0.51	0.01	0.11	-0.18	-0.10	-0.09
Diluted net income (loss) per common share:
Net income (loss) from continuing operations
-	-	0.51	1.29	-	-	0.32	0.27	-	-	0.27	0.02	-	-8.24	-1.01	-0.04	-1.41	-1.60	-0.22	-0.05	-0.19	-0.94	0.54	0.34	0.01	0.18	0.40	0.46	0.10	0.31	0.17	0.34	0.00	0.16	0.18	0.03	-0.12	-0.43	0.00	0.10	-0.18	-0.06	0.11
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-0.01	-0.01	-0.02	3.39	0.25	0.21	0.13	1.20	0.00	0.00	0.00	-0.01	-0.01	-0.04	-0.02	-0.06	0.00	0.00	0.00	-0.05	0.00	0.00	-0.02	-0.07	0.01	0.00	0.00	-0.01	-0.02
Loss on sale of discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	0.00	-0.07	-0.01	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	0.01	0.00	-0.26	-	-	-	-	-0.02	-0.18
Diluted net loss per common share
-0.22	0.26	0.51	1.29	-0.75	-2.20	0.32	0.27	-0.28	1.01	0.27	0.01	-1.03	-8.42	-1.02	-0.04	-1.43	1.77	0.04	0.17	-0.06	0.26	0.53	0.34	-0.06	0.15	0.39	0.43	0.08	0.25	0.17	0.34	0.00	0.12	0.18	0.02	-0.40	-0.51	0.01	0.11	-0.18	-0.10	-0.09
Weighted average shares outstanding - basic
35,135	-	35,348	35,595	35,642	-	35,564	35,530	35,367	-	35,132	35,109	35,020	-	138,422	137,138	136,599	-	136,164	136,130	135,641	-	135,222	134,990	134,187	-	133,079	132,999	132,306	-	130,704	130,575	130,550	-	130,510	130,457	130,448	-	130,605	130,574	130,507	130,284	130,163
Weighted average shares outstanding - diluted
35,135	-	35,458	35,725	35,642	-	35,928	36,064	35,367	-	35,834	35,654	35,020	-	138,422	137,138	136,599	-	136,164	137,985	135,641	-	137,597	137,426	137,047	-	135,304	135,112	134,993	-	132,602	133,392	133,681	-	133,036	133,822	130,448	-	132,232	132,609	130,507	130,284	130,163