Manitowoc Company, Inc. (The)

Ticker(s):

MTW

Country:

Sector & Industry:

,
Business Overview

The Manitowoc Company, Inc., together with its subsidiaries, provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. The company designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes comprising rough-terrain cranes, all-terrain cranes, truck-mounted cranes, telescopic crawler cranes, industrial cranes, and hydraulic boom trucks under the Grove, Shuttlelift, and National Crane brands. It also provides aftermarket services, such as sale of parts and accessories, field service work, routine maintenance services, technical support, erection and decommissioning services, crane and component remanufacturing, training, and telematics services. The company’s crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial; infrastructure, such as road, bridge, and airport construction; and commercial and residential construction. It serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.

Contact & Other Information

Number of Employees:

4,800

One Park Plaza
11270 West Park Place Suite 1000
Milwaukee

,

WI

,

53224
United States
414 760 4600
02/21/2025 | 10-K | 0000950170-25-024838 |

Manitowoc’s 2024 performance shows a slight revenue decrease but achieved net income compared to a net loss in the prior year. The company focuses on its CRANES+50 strategy and manages macroeconomic and geopolitical risks.