# EDGAR Filing Document

**Accession Number:** 0000061986
**File Stem:** 0000950170-25-111453
**Filing Date:** 2025-8
**Character Count:** 21395
**Document Hash:** eabc8aec80f472ef0d2bdbd56d47db90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-111453.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000950170-25-111453

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 41

**CONFORMED PERIOD OF REPORT**: 20250826

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANITOWOC CO INC
- **CENTRAL INDEX KEY:** 0000061986
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION MACHINERY & EQUIP [3531]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 390448110
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11978
- **FILM NUMBER:** 251257680

**BUSINESS ADDRESS:**
- **STREET 1:** 11270 WEST PARK PLACE
- **STREET 2:** SUITE 10000
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53224
- **BUSINESS PHONE:** 9206522222

**MAIL ADDRESS:**
- **STREET 1:** 11270 WEST PARK PLACE
- **STREET 2:** SUITE 10000
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53224

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** August 26, 2025<br>

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The Manitowoc Company, Inc.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Wisconsin | 1-11978 | 39-0448110 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 11270 West Park Place<br>Suite 1000 |  |  |
| Milwaukee**,** Wisconsin |  | 53224 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 414 760-4600<br>

Not Applicable

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Stock, $.01 Par Value | MTW | The New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 7.01 Regulation FD Disclosure.

## The Manitowoc Company, Inc. will be presenting at the IDEAS Conference on Wednesday, August 27, 2025, beginning at 8:15 AM, ET. A copy of the investor presentation is attached hereto as Exhibit 99 and shall be deemed furnished and not filed.

## Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br>**No.** | **Description** |
| 99 | [<u>IDEAS Conference Presentation</u>](mtw-ex99.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | THE MANITOWOC COMPANY, INC. <br>(Registrant) |
| Date: | August 26, 2025 | By:  | /s/ Brian P. Regan |
|  |  |  | Brian P. Regan<br>Executive Vice President and Chief Financial Officer |

---

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## Ex-99

![Slide 1](mtw-ex99s1.jpg)

The Manitowoc Company, Inc. Midwest IDEAS Conference Chicago, Illinois August 27, 2025

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![Slide 2](mtw-ex99s2.jpg)

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, and are subject to uncertainty and changes in circumstances.The Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations and beliefs relating to matters that are not historical in nature. Forward-looking statements include, without limitation, statements typically containing words such as "intends," "expects," "anticipates," "targets," "estimates," and words of similar import. By their nature, forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. By their nature, forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. For a list of factors that could cause actual results to differ materially from those discussed or implied, please see the Company's periodic filings with the SEC, particularly those disclosed in "Risk Factors" in the Company's Annual Reports on Form 10-K. Any "forward-looking statements" in this presentation are intended to qualify for the safe harbor from liability under the Private Securities Litigation Reform Act of 1995. Non-GAAP Measures Adjusted net income (loss), adjusted diluted net income (loss) per share ("Adjusted DEPS"), EBITDA, adjusted EBITDA, adjusted return on invested capital, and free cash flows are financial measures that are not in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). For a reconciliation to the comparable GAAP numbers please see "Appendix – GAAP to Non-GAAP Reconciliation." Manitowoc believes these non-GAAP financial measures provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations. Manitowoc believes excluding specified items provides a more meaningful comparison to the corresponding reporting periods and internal budgets and forecasts, assists investors in performing analysis that is consistent with financial models developed by investors and research analysts, provides management with a more relevant measure of operating performance, and is more useful in assessing management performance.

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![Slide 3](mtw-ex99s3.jpg)

Why Invest in The Manitowoc Company? SUCCESSFULLY EXECUTING BUSINESS TRANSFORMATION 67% Growth in Non-New Machine Sales (2020-2024) Increase mix of higher-margin, recurring revenue to reduce impact of economic cycles Improving margin and return profiles Crane demand is poised for recovery from multi-year secular and cyclical tailwinds Targeted Adj. EBITDA CAGR(1) 15%+ Targeted Revenue CAGR(1) 7% Aspirational Targets $3.0B Revenue $1.0B Non-New Machine Sales 12% Adjusted EBITDA 15% Adjusted ROIC(2) Manitowoc calculations based on a 5-year period Adjusted ROIC is defined as adjusted net operating profit after taxes divided by total assets less cash, non-interest-bearing debt, and income taxes Manitowoc becoming a customer-focused service business +67%

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![Slide 4](mtw-ex99s4.jpg)

Who We Are - Leading Global Full-Service Crane Provider TOP THREE MARKET SHARE POSITION IN EACH CRANE CATEGORY(1) Tower Boom Trucks Crawler Mobile Hydraulic Global Footprint 9 Manufacturing Sites 46 Service Locations 4,800 Employees $169M(3) Original Equipment Cost RPO / Rental Fleet ~$2.2B Net Sales $128M(2) Adj. EBITDA 6.0%(2) Adjusted ROIC 2.7x Net Leverage Ratio 2024 Revenue Mix LARGE AFTERMARKET SERVICES GROWTH OPPORTUNITY 2024 KEY FACTS & FIGURES Remanufacturing and Used Sales Full-Service Capabilities Rental Services PartsSales ~100,000 Crane unit sales in last 20 years 460+ Field Service Technicians Manitowoc estimates; excluding China Refer to Appendix for Non-GAAP reconciliations Excludes assets included in the rental fleet related to buyback commitments

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![Slide 5](mtw-ex99s5.jpg)

Embrace Kaizen Culture Capacity Rationalization Voice of the Customer Grow Market Share and Presence Successful Business Transformation 2016 2016 - 2020 Implemented Aftermarket Service Growth Strategy 2021 - Beyond FN bottom Strategic Focus on Manufacturing Footprint and Aligning Cost Structure Opportunistic M&A of Dealer Channel Increase Service Presence Across Geographies in Europe, North America, and South America Expand Service Offering (crane rental, used/refurbished sales) Continued Process / Cost Improvement Strategically growing higher-margin, recurring revenue streams Became a Standalone Crane Company Launched The Manitowoc Way

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![Slide 6](mtw-ex99s6.jpg)

The Manitowoc Way - A Culture Built on Continuous Improvement ENGAGE EMPLOYEES ON MULTIPLE LEVELS Execute kaizens Increasing safety – reduced RIR(1) from 1.77 in 2016 to 1.19 in 2024 Foster employee development INNOVATE OUR PRODUCT & SERVICE OFFERINGS 40 new or refreshed models launched since January 2021 Global approach to used sales Expand financing options for customers GROW MARKET PRESENCE & MARKET SHARE Propel aftermarket growth Invest in RPO / rental fleet Add revenue-generating service technicians Recordable Injury Rate (RIR) is calculated based the number of recordable injuries and illnesses per 200k hours worked Kaizen, kaizen, kaizen

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![Slide 7](mtw-ex99s7.jpg)

Blueprint for Revenue Growth - Long-Term Target Organic Growth New Branches Service Technicians Rental Used Crane Accretive M&A Secular Growth Infrastructure Spending Aspirational Target $3B Total Sales Cyclical Recovery Aging Fleet EU Tower Cranes 2024 $2.2B(1) Total Sales +$370MNon-New Machine Sales For the year-ended December 31, 2024

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![Slide 8](mtw-ex99s8.jpg)

Crane demand expected to accelerate Secular Growth MANITOWOC OPPORTUNITY Power Generation Power Transmission Oil & Gas Residential Construction Mining Infrastructure Energy & Grid Modernization Chip Fabrication "Europe's housing shortage is expected to worsen, with an estimated 9.6 million new homes needed to meet demand amid falling permit levels for new construction" – CBRE, Jan 2025 "By 2030, data centers are projected to require $6.7 trillion worldwide to keep pace with the demand for computing power" – McKinsey, Apr 2025 "German Parliament voted on a 500 billion Euro fund for infrastructure…to ramp up investment after two years of contraction"– Reuters, Mar 2025 Higher Commodity Prices Saudi Vision 2030 Global Investments in Energy Generation and Distribution U.S. Infrastructure Investment, Jobs, Inflation Reduction, & CHIPS Acts European Housing Market Demand "There is a $3.7 trillion gap between current planned infrastructure investments and what must be done to have the US infrastructure in good working order" -- ASCE, Mar 2025 Infrastructure Airports Waterways Stadiums Railroads

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![Slide 9](mtw-ex99s9.jpg)

Crane replacement demand expected to accelerate Cyclical Recovery Company estimates 2007 - 2008 Peak of the last cycle Aging Fleets Average age of cranes is greater than 15 years(1) relative to historic levels of 7-9 years. Cranes sold during the last peak in 2008 are greater than 15 years old. Unit volumes have been flat to down industry wide – recent revenue increases due to pricing and mix shift. Net Sales Inflation

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![Slide 10](mtw-ex99s10.jpg)

Cyclical Recovery - EU Tower Crane Business Recovery underway: 4 straight quarters of yoy growth Pent-up Demand Drivers New €500B German infrastructure fund and accelerated depreciation program 20% increase in May French residential permits Aging rental fleets Offshore wind and nuclear power Well-Positioned for Market Recovery Organic growth of services (crane rental and repair/maintenance) reduce affect of cycles Strategic efforts to maintain manufacturing capacity and workforce Cyclical Downturn In Europe Eurozone Construction Purchasing Managers' Index has remained in contractionary territory since April 2022 Increased interest rates Political uncertainty War in Ukraine

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![Slide 11](mtw-ex99s11.jpg)

Accretive M&A Disciplined M&A Strategy Opportunistic acquisitions of crane dealers in North America and Europe Capture retail margin Expand services capabilities Reduce cyclical whipsaw effect of channel inventory Complementary Acquisitions $180M acquisitions of H&E Crane business and Aspen Equipment Acquired at multiples of ~6x EBITDA $30M+ accretive EBITDA Honnen Equipment Added Colorado and Wyoming Territories Ring Power Corporation Added Georgia, North Carolina, and South Carolina Territories Reflects territory expansion of Georgia, North Carolina, and South Carolina from Ring Power Corporation on February 4, 2025 As of May 2025 2020 to Current(2) Highly accretive acquisition strategy

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![Slide 12](mtw-ex99s12.jpg)

Reduce Impact of Economic Cycles Increase Margin Mix shift and cost synergies to increase margin Non-New Gross Profit ~35% Increase ROI Returns above the cost of capital Average 15% Adjusted ROIC(1) over the long term Remanufacturing and Used Sales Full-Service Capabilities Rental Services PartsSales Increase Base ofRecurring Revenue +67% Adjusted ROIC is defined as adjusted net operating profit after taxes divided by total assets less cash, non-interest-bearing debt, and income taxes Strategically growing higher-margin, recurring revenue streams Organic Growth - Aftermarket Service

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![Slide 13](mtw-ex99s13.jpg)

Organic Growth - Quick Progress in First 5 Years Gross margins on non-new machines sales ~35%

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![Slide 14](mtw-ex99s14.jpg)

Organic Growth - Non-New Machine Sales Adding & Upgrading Locations Growing Service Tech Population Selling More Used & Rebuilds Adding New Products & Accessories All Contribute to Growing Parts Sales Manitowoc becoming a customer-focused service business

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![Slide 15](mtw-ex99s15.jpg)

Organic Growth - Growing Market Penetration North America New branch locations Denver, Aiken, Kansas City, Nashville 38%+ increase in Service Techs(3) Grew headcount from 119 to over 160 Europe 24% increase in service techs Grew headcount from 154 to over 190 New service locations Madrid, Meru (Paris), Barnsley Grew original equipment costs $113M(4) to $169M(4) in RPO / rental fleet Expanded remanufacturing capabilities Branch/Service Direct-to-Customer Subsidiary Footprint Newly Acquired Territories(1) investments to grow our footprint to serve customers 2020 to Current(2) Reflects territory expansion of Georgia, North Carolina, and South Carolina from Ring Power Corporation on February 4, 2025 As of May 2025 Excludes service technician increases from acquisitions of the H&E crane business and Aspen Equipment Excludes assets included in the rental fleet related to buyback commitments

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![Slide 16](mtw-ex99s16.jpg)

Organic Growth - Role of Rental Fleet & RPO's Current RPO/rental fleet: ~260 cranes(1) Average age of RPO / rental fleet ~32 months(1) High ROIC Investments $113M(2) growth in original equipment cost from 2020 Targeted payback period of 3 to 5 years "Crane only" Rentals Assist rental house customers Does not compete with crane rental houses Drives used crane sales Sale of Used Crane at Retail Prices Year 3 Annual Cash Contribution from Rental Year 2 Year 1 Time 0 Investment in Rental Crane at Manufactured Cost Annual Cash Contribution from Rental Annual Cash Contribution from Rental + Return Profile >25% Targeted ROI Cash Inflow Cash outflow At December 31, 2024 Excludes assets included in the rental fleet related to buyback commitments Rental fleet supports customers while driving improved roic

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![Slide 17](mtw-ex99s17.jpg)

Blueprint for Adjusted EBITDA Mix Shift Greater Portion of Recurring Non-New Machine Sales Fixed Cost Absorption e.g., EU Tower Crane Business Continuous Improvement Aspirational Target 12% Adjusted EBITDA Operating Leverage 2024 5.9% Adjusted EBITDA(1) For the year-ended December 31, 2024

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![Slide 18](mtw-ex99s18.jpg)

Blueprint for ROIC Accretive M&A High ROIC Investments RPO / Rental Fleet Service Branches Increasing Profitability Aspirational Target 15% Adj. ROIC(1) Working Capital Management 2024 6.0% Adj. ROIC(1) Adjusted ROIC is defined as adjusted net operating profit after taxes divided by total assets less cash, non-interest-bearing debt, and income taxes

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![Slide 19](mtw-ex99s19.jpg)

Our Capital Allocation Priorities - Investing in our Business Excludes acquisition of the rental assets or inventory of the H&E crane business and Aspen Equipment As of December 31, 2024 Investments Focus on High ROIC, Recurring Revenue Streams <3x Target Net Leverage 2.7x Net Leverage(2) $321M Total Liquidity(2) $29M remaining on approved repurchase plan Offset dilution Return capital to shareholders Working capital (inventory) investment to support branch locations Added 17 branches ~$180M invested in acquiring US dealers Robust acquisition funnel $14M Managing Leverage Opportunistic Share Repurchases Strategic Acquisitions High ROIC Investments Branch Location Growth High ROIC Investments RPO / Rental Fleet Growth $64M(1) $51M(1) 2020 to 2024 ~$180M Invested $64M in organic growth ~260 cranes Disciplined process enabling shareholder return

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![Slide 20](mtw-ex99s20.jpg)

2025 Full-Year Guidance as of August 7 Net Sales $2.175 to $2.275 billion Adjusted EBITDA Low end of guidance: $120 to $145 million Depreciation and amortization $60 to $64 million Interest expense $38 to $40 million Provision for income tax expense $11 to $15 million, excluding one-time items Adjusted DEPS $0.15 to $0.85 Capital expenditures $47 million, $23 million related to rental fleet Adjusted free cash flows $55 to $85 million, excluding EPA payment Assessing impact of august 18 steel derivative tariffs

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![Slide 21](mtw-ex99s21.jpg)

Why Invest in The Manitowoc Company? SUCCESSFULLY EXECUTING BUSINESS TRANSFORMATION 67% Growth in Non-New Machine Sales (2020-2024) Increase mix of higher-margin, recurring revenue to reduce impact of economic cycles Improving margin and return profiles Crane demand is poised for recovery from multi-year secular and cyclical tailwinds Targeted Adj. EBITDA CAGR(1) 15%+ Targeted Revenue CAGR(1) 7% Aspirational Targets $3.0B Revenue $1.0B Non-New Machine Sales 12% Adjusted EBITDA 15% Adjusted ROIC(2) Manitowoc calculations based on a 5-year period Adjusted ROIC is defined as adjusted net operating profit after taxes divided by total assets less cash, non-interest-bearing debt, and income taxes Manitowoc becoming a customer-focused service business +67%

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![Slide 22](mtw-ex99s22.jpg)

Thank you for your interest

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![Slide 23](mtw-ex99s23.jpg)

Appendix

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![Slide 24](mtw-ex99s24.jpg)

Crane Types and Retail Selling Prices(1) Rough-terrain (RT) $470K – 1,700K Tower Crane $350K – 2,000K Crawler $950 – 11,000K All-terrain (AT) $1,000 – 3,500K Boom Truck $250 – 800K Truck-mounted (TM) $650K – 1,400K Average retail prices in US market

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![Slide 25](mtw-ex99s25.jpg)

The Manitowoc Way - Sustainable Business Strategy Building Communities for Current and Future Generations Updated May 25 Updated June 24 Updated Jan 25

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![Slide 26](mtw-ex99s26.jpg)

Aspirations Dollars in millions

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![Slide 27](mtw-ex99s27.jpg)

Appendix - GAAP to Non-GAAP Reconciliation Dollars in millions, excluding per share amounts Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release

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![Slide 28](mtw-ex99s28.jpg)

Appendix - GAAP to Non-GAAP Reconciliation Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release

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![Slide 29](mtw-ex99s29.jpg)

Appendix - GAAP to Non-GAAP Reconciliation Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release

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![Slide 30](mtw-ex99s30.jpg)

Contact: Ion Warner – SVP Marketing & Investor Relations O +1 414-760-4805 M +1 717-414-1813 ion.warner@manitowoc.com www.manitowoc.com