The Manitowoc Co Inc - Company Profile
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The Manitowoc Co Inc (Manitowoc) is a manufacturer of cranes and lifting solutions. Its product portfolio includes crawler cranes, mobile telescopic cranes, tower cranes, lattice boom cranes and boom trucks. Manitowoc offers products under various brands such as Grove, MGX Equipment Services, Aspen Equipment, Manitowoc, National Crane, Shuttlelift, and Potain. It also offers crane product parts and services, structural repairs, crane rebuilding and remanufacturing and training services. Manitowoc serves energy, petrochemical, industrial, infrastructure construction, and residential and commercial construction sectors. The company owns manufacturing, distribution, and service facilities across several countries in the Americas, Europe and Africa, the Middle East, and the Asia Pacific. Manitowoc is headquartered in Milwaukee, Wisconsin, the US.
Headquarters
United States of America
Address
11270 West Park Place, Suite 10000, Milwaukee, Wisconsin, 53224
Website
www.manitowoc.com
Telephone
1 920 6522222
No of Employees
4,800
Industry
Construction
Ticker Symbol & Exchange
MTW (NYSE)
Revenue (2022)
$2.2B
9.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
131.7%
(2022 vs 2021)
Market Cap*
$458.1M
Net Profit Margin (2022)
XYZ
129.0%
(2022 vs 2021)
* As of and is in US$
The Manitowoc Co Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Manitowoc: | Parts and Services | Manitowoc |
| Lattice-boom Crawler cranes | Rebuilding and Remanufacturing | Potain |
| Used Cranes | Training | Grove |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, Implenia partnered with Stirnimann and Potain on Central Malley project in Switzerland. |
| 2023 | Contracts/Agreements | In March, the company entered into a partnership with Eurasian Machinery to expand its presence around several key economies of Central Asia. |
| 2022 | Acquisitions/Mergers/Takeovers | In October, the company’s subsidiary MGX Equipment Services, LLC acquired assets of crane rental fleet of Honnen Equipment Co. Through this acquisition, the company expand its presence in Colorado, Wyoming, and Nebraska. |
Competitor Comparison
| Key Parameters | The Manitowoc Co Inc | Caterpillar Inc | Komatsu Ltd | XCMG Construction Machinery Co Ltd | Liebherr-International AG |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Japan | China | Switzerland |
| City | Milwaukee | Irving | Minato-Ku | Xuzhou | Bulle |
| State/Province | Wisconsin | Texas | Tokyo | Jiangsu | Freiburg |
| No. of Employees | 4,800 | 113,200 | 64,343 | 27,457 | 51,321 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Aaron H. Ravenscroft | President; Director; Chief Executive Officer | Executive Board | 2020 | 45 |
| Brian P. Regan | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 50 |
| Kenneth W. Krueger | Chairman | Non Executive Board | 2015 | 67 |
| Leslie L. Middleton | Executive Vice President - Americas and EU Mobile Cranes | Executive Board | 2020 | 54 |
| Jennifer L. Peterson | General Counsel; Executive Vice President; Secretary | Senior Management | 2017 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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