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One Strategy. Balanced Growth The Manitowoc Company, Inc. 2011 Annual Report Inc. The Manitowoc Company, The Manitowoc Company, Inc. Customers turn to Manitowoc’s with Manitowoc Foodservice chefs The Manitowoc Company, Inc. High Performance Kitchen team to in kitchens that can be reconfigured 2400 South 44th Street 2011 Annual Report invent innovative new menu items, to mirror their own facilities. Here, P.O. Box 66 develop new flavors and recipes, chefs demonstrate how to bake Manitowoc, WI 54221-0066 and help them apply our advanced perfect bread in Convotherm combi kitchen technologies to their great- ovens and use Garland induction est advantage. Culinary teams visit units to create savory sauces and our facilities and work side-by-side garnishes. One Strategy. Balanced Growth. Five Potain tower cranes met the challenge of constructing 160 pylons that will support the new Viaduto do Corgo, one of the longest and tallest viaducts in Portugal. Manitowoc Crane Care teams played a key role in this $859 mil- lion project to not only install these tower cranes, but to also disassem- ble, relocate, and reassemble the cranes eight times as the project progressed. Rigged with 45-meter jibs, the MDT 178 and MD 265 shown here constructed four pylons at a time, lifting average loads of 6.0 metric tons. Upon completion, the Viaduto do Corgo will span 1.7 miles and is part of a six-lane highway connecting the city of Porto with the Spanish border. The Manitowoc Company, Inc. 2011 Annual Report Inc. The Manitowoc Company, The Manitowoc Company, Inc. Customers turn to Manitowoc’s with Manitowoc Foodservice chefs The Manitowoc Company, Inc. High Performance Kitchen team to in kitchens that can be reconfigured 2400 South 44th Street 2011 Annual Report invent innovative new menu items, to mirror their own facilities. Here, P.O. Box 66 develop new flavors and recipes, chefs demonstrate how to bake Manitowoc, WI 54221-0066 and help them apply our advanced perfect bread in Convotherm combi kitchen technologies to their great- ovens and use Garland induction est advantage. Culinary teams visit units to create savory sauces and our facilities and work side-by-side garnishes. One Strategy. Balanced Growth. Five Potain tower cranes met the challenge of constructing 160 pylons that will support the new Viaduto do Corgo, one of the longest and tallest viaducts in Portugal. Manitowoc Crane Care teams played a key role in this $859 mil- lion project to not only install these tower cranes, but to also disassem- ble, relocate, and reassemble the cranes eight times as the project progressed. Rigged with 45-meter jibs, the MDT 178 and MD 265 shown here constructed four pylons at a time, lifting average loads of 6.0 metric tons. Upon completion, the Viaduto do Corgo will span 1.7 miles and is part of a six-lane highway connecting the city of Porto with the Spanish border. The Manitowoc Company, Inc. | 2011 Annual Report The Manitowoc Company, Inc. Working at an industrial facility in With a balanced and diversified portfolio of two Switzerland, this Grove GMK6300L FINANCIAL HIGHLIGHTS INVESTOR INFORMATION offers some of the strongest lift capabilities of any six-axle, all-terrain industry-leading businesses, Manitowoc displayed its ability to grow revenues, crane in the world. The seven-section, 262-foot main boom delivers a maxi- improve EVA, and boost earnings during 2011. mum capacity of 350 US tons and a 384-foot tip height when rigged with its 121-foot hydraulic jib. The 6300L also features five outrigger positions Corporate Headquarters Stock Listing & Related Information and principal financial officer have timely professionals seeking information about for ultimate flexibility, complemented Numbers in millions except share data, number of employees, number of shareholders, debt to capitalization, and shares outstanding The Manitowoc Company, Inc. Manitowoc’s common stock is traded submitted the certifications required by Manitowoc are encouraged to visit by patented MEGATRAK™ suspension For the Years Ended December 31 2011 2010 % Change 2400 South 44th Street on the New York Stock Exchange and is Section 302 of the Sarbanes-Oxley Act as our website, or contact the following and steer-by-wire technology. Net sales $3,651.9 $3,141.7 16.2% P.O. Box 66 identified by the ticker symbol MTW. exhibits to the company’s Annual Report individuals: Operating earnings from continuing operations $ 221.9 $ 207.2 7.1% Manitowoc, WI 54221-0066 Quarterly common stock on Form 10-K. Telephone: 920-684-4410 price information for our Analysts & Portfolio Managers: EBITDA (Credit Agreement Definition) $ 349.2 $ 342.6 1.9% Telefax: 920-652-9778 three most recent fiscal Corporate Governance Guidelines, Carl J. Laurino Number of employees (approximate) 12,900 13,300 -3.0% years can be found on page Code of Conduct & Code of Ethics Senior Vice President Number of shareholders 2,410 2,482 -2.9% Independent Registered 17 of our Form 10-K, which The Manitowoc Company’s corporate & Chief Financial Officer Public Accounting Firm is part of this annual report. governance guidelines, committee Telephone: 920-652-1720 Financial Position EVA® $ (137.1) $ (160.3) 14.5% PricewaterhouseCoopers LLP Shares of Manitowoc’s common stock charters, code of conduct, and code of Telefax: 920-652-9775 100 East Wisconsin Avenue have been publicly traded since 1971. ethics are posted in the investor relations Total assets $3,965.2 $4,011.1 -1.1% Suite 1800 section of our website: www.manitowoc. Media Inquiries: Debt to capitalization 79.2% 79.2% Milwaukee, WI 53202 Manitowoc Shareholders com. This information may also be Steven C. Khail Total equity $ 473.5 $ 508.5 -6.9% On December 31, 2011, there were obtained by any shareholder, without Director of Investor Relations Average shares outstanding (diluted) 133,377,109 130,581,040 2.1% Stock Transfer Agent 133,377,109 shares of Manitowoc charge, upon written request to: & Corporate Communications Computershare Trust Company, N.A. common stock outstanding. On that date, Maurice D. Jones Telephone: 920-652-1713 Senior Vice President, Telefax: 920-652-9775 Diluted Earnings per Share Earnings (loss) from continuing operations $ 0.21 $ (0.55) there were 2,410 shareholders of record. First Class, Registered & Certified Mail: General Counsel & Secretary Loss from discontinued operations, net of income taxes $ (0.03) $ (0.06) P.O. Box 43078 Form 10-K Report The Manitowoc Company, Inc. General Inquiries: Gain (loss) on sale of discontinued operations, net of income taxes $ (0.26) $ — Providence, RI 02940-5068 Each year, Manitowoc files its Annual P.O. Box 66 Joan E. Risch Net earnings (loss) $ (0.08) $ (0.61) Report on Form 10-K with the Securities Manitowoc, WI 54221-0066 Shareholder Relations Overnight or Other Delivery: and Exchange Commission. Most of the Telephone: 920-652-1731 Diluted Earnings (Loss) per Share Diluted gain (loss) per share $ (0.08) $ (0.61) 250 Royall Street financial information contained in that Dividends Telefax: 920-652-9775 Canton, MA 02021-1011 report is included in this Annual Report to Manitowoc has paid continuous dividends, Before Special Items Special items, net of tax: Shareholders. without interruption, since 1971. The Join Manitowoc on the Internet Earnings (loss) from discontinued operations $ 0.03 $ 0.06 Telephone: A copy of Form 10-K, as filed with the amount and timing of any dividend will Manitowoc provides a variety of (Gain) loss on sale of discontinued operations $ 0.26 $ — 1-877-498-8861 Securities and Exchange Commission be determined by the Board of Directors. information about its businesses, Early extinguishment of debt $ 0.14 $ 0.22 1-800-952-9245 for 2011, may be obtained by any products, and markets at: Restructuring expense $ 0.03 $ 0.02 (Hearing impaired in U.S.) shareholder, without charge, upon written Dividend Reinvestment & www.manitowoc.com. 1-781-575-4592 Stock Purchase Plan Gain (loss) on sale of product lines $ (0.01) $ 0.01 request to: (Hearing impaired outside U.S.) Steven C. Khail Computershare sponsors and administers Equal Opportunity Employer Deferred tax asset valuation allowances $ — $ 0.38 Director of Investor Relations a Dividend Reinvestment and Stock The Manitowoc Company is an Equal Diluted earnings (loss) per share before special items $ 0.38 $ 0.09 Website: & Corporate Communications Purchase Plan for The Manitowoc Opportunity and Affirmative Action www.computershare.com/investor The Manitowoc Company, Inc. Company’s common stock. Under this Employer that does not discriminate Other Information Net cash provided by operating activities $ 15.6 $ 209.3 -92.5% P.O. Box 66 plan, shareholders may also purchase against any person based on race, Annual Meeting Manitowoc, WI 54221-0066 shares by investing cash, as often as color, national origin, sex, age, religion, Property, plant and equipment, net $ 568.2 $ 565.8 0.4% The annual meeting of Manitowoc once a month, in varying amounts from disability, genetic information, sexual Capital expenditures $ 64.9 $ 36.1 79.8% shareholders will be held at 9:00 a.m., CEO Certification to the $10 up to a maximum of $120,000 each orientation, gender identity, veterans Depreciation $ 82.1 $ 87.2 -5.8% CDT, Tuesday, May 1, 2012, at the Holiday New York Stock Exchange calendar year. Participation is voluntary. status, or any other characteristic Amortization of intangible assets $ 38.8 $ 38.3 1.3% Inn, 4601 Calumet Avenue, Manitowoc, During 2011, the chief executive officer To receive an information booklet protected by local, state or federal law Dividends paid $ 10.6 $ 10.6 0.0% WI. We encourage our shareholders of the company timely submitted to and enrollment form, please contact in any personnel decision. to participate in this meeting either in our stock transfer agent and registrar, Similarly, all salaries, wages, insurance Net debt increase/(reduction) $ (139.5) $ (163.6) 14.7% the New York Stock Exchange, the CEO person or by proxy.
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