Filing Flows › Manitowoc (MTW) › Q1 2025
Manitowoc (MTW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Manitowoc (MTW) reported revenue of $471M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -21% from the quarter before. Operating margin was 1.1%, net loss $6.3M (1.3% of revenue).
Manitowoc, Q1 2025: revenue $471M (-5% year over year), operating margin 1.1%, net loss $6.3M, operating cash flow $12.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $471M | -21% | -5% |
| Operating profit | $5.3M | — | — |
| Net earnings | −$6.3M | — | — |
| Operating cash flow | $12.9M | -89% | — |
| Free cash flow | $2.1M | — | — |
What changed
Revenue was $470.9M in Q1 2025, down 5% year over year and down 21% from the previous quarter. New Machine Sales was the largest line at 66% of revenue. New Machine Sales lost $39.6M year over year (down 11%), 164% of the total change.
Gross margin was 19.1%, up 0.4 points from a year earlier. Operating profit was $5.3M, a 1.1% margin (down 1.9 points year over year). Operating expenses grew 9% against a revenue fall of 5%. The quarter ended with a net loss of $6.3M, after a profit of $56.7M the previous quarter. Net interest and other expense of $14.1M was the main reason.
Operating cash flow was $12.9M. Non-cash charges added back $15.6M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $1.0M. After capital expenditures ($10.8M), free cash flows as the company reports it was $2.1M.
Questions
What was Manitowoc's revenue in the first quarter 2025?
Manitowoc (MTW) reported revenue of $471M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -21% from the quarter before.
Was Manitowoc profitable in the first quarter 2025?
Operating profit was $5.3M (1.1% of revenue) and net loss $6.3M.
Source: Manitowoc 10-Q on SEC EDGAR.