Manitowoc Corporation


Manitowoc Corporation operates three shipyards - Bay Shipbuilding, in Sturgeon Bay WI, which builds and repairs large cargo ships and barges; Marinette Marine, in Marinette WI, which builds small, high-value ships; and Cleveland Ship Repair, in Cleveland OH, which repairs large cargo ships and barges.

  1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
  000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD
Net Sales 607,893 680,398 737,049 984,423 1,363,403 1,593,186 1,964,101 2,254,097 2,933,300 4,005,000
Operating Margin 89,868 107,157 103,619 116,485 114,746 86,538 107,897 133,290 302,400 501,900
Operating Margin (%) 14.8% 15.7% 14.1% 11.8% 8.4% 5.4% 5.5% 5.9% 10.3% 12.5%
Net Income 51,379 66,784 60,268 45,548 (20,502) 3,549 39,138 65,800 166,200 336,700
Net Income (%) 8.5% 9.8% 8.2% 4.6% (1.5%) 0.2% 2.0% 2.9% 5.7% 8.4%
Total Assets 481,104 530,240 642,530 1,080,812 1,577,123 1,602,581 1,928,136 1,961,777 2,219,500 2,868,700
Stockholders' Equity 172,552 232,176 233,769 263,795 295,115 298,424 518,929 543,328 774,500 1,349,900
Property, Plant and Equipment 93,583 92,023 99,940 175,384 319,301 334,618 357,568 353,917 398,900 489,500
Depreciation 8,373 8,273 9,075 19,674 33,077 45,437 50,819 60,444 69,000 82,300
Capital Expenditure 10,886 13,399 12,649 29,104 32,996 31,977 44,386 54,922 67,600 119,600
Employees 3,300 3,200 4,405 6,120 7,800 7,700 7,600 8,000 9,500 10,500
Net Sales/Employee 184,000 212,000 167,000 161,000 175,000 207,000 258,000 282,000 309,000 383,000
Shipbuilding Unit Manitowoc Marine Group
Net Sales 45,412 55,204 71,942 181,677 219,457 151,038 247,152 225,780 282,500 321,000
Operating Margin 6,978 7,297 8,902 18,924 19,934 4,750 9,080 (9,184) 11,300 26,100
Operating Margin (%) 15.4% 13.2% 12.4% 10.4% 9.1% 3.1% 3.7% (4.1%) 4.0% 8.1%
Total Assets 7,023 10,162 75,757 77,291 93,983 91,519 110,336 123,291 120,900 123,100
Depreciation 333 415 437 998 1,165 1,027 1,045 951 1,600 2,100
Capital Expenditure 1,174 1,165 1,481 2,908 1,490 735 4,757 4,053 3,100 6,800
Employees