Manitowoc (MTW) risk factors, FY2025 10-K

Risks Relating to Our Business, Operations and Industry

1. 01Macroeconomic conditions and geopolitical events could have a material adverse impact on our business, financial condition, cash flows and results of operations53% rewritten
2. 02Our business is subject to risks related to, among other factors, tariffs and other trade protection measures put in place by the United States or other countries, as well as U.S.-international trade relations, including those with China and the European UnionNew
3. 03When the costs of our components and raw materials increase, we may not be able to hedge or pass on these costs to our customers, which could have a material adverse effect on our business, financial condition, cash flows, and results of operationsNew
4. 04Because we participate in end markets that are highly competitive, our net sales and profits could decline as we respond, or fail to effectively respond, to competition
5. 05be better able to utilize excess capacity which may reduce the cost of their products or services
6. 06Unfair foreign competition could adversely affect our financial results
7. 07Sales of our products are cyclical and/or are otherwise sensitive to volatile or variable factors. Weakness or a downturn in overall economic activity, or fluctuations in those other factors could have a material adverse impact on our operating results
8. 08Large or rapid increases in the cost of raw material or components, substantial decreases in their availability, or our dependence on particular suppliers of raw material and components has had and will continue to have a negative impact on our operating results
9. 09We have significant manufacturing and sales of our products outside of the United States and such international operations could be subject to a number of risks specific to these countries24% rewritten
10. 10economies that are emerging or developing, that may be subject to greater currency volatility, negative growth, or recession, high inflation, limited availability of foreign exchange, and other risks
11. 11If we do not develop new and innovative products or if customers in our markets do not accept them, our results could be negatively affected
12. 12We depend on our key executive officers, managers and skilled personnel and may have difficulty retaining and recruiting qualified employees
13. 13We may not be able to maintain our engineering, technological and manufacturing expertise
14. 14successfully anticipate or respond to changes in cost to serve in a cost-effective and timely manner
15. 15An inability to successfully manage information systems, or to adequately maintain these systems and their security, as well as to protect data and other confidential information, could adversely affect our business and reputation
16. 16Any disruption in our information systems could disrupt our operations and would be adverse to our business and financial operations
17. 17If we fail to identify, manage, complete and appropriately integrate acquisitions, strategic alliances, joint ventures or other significant transactions, it could adversely affect our future results
18. 18If we fail to maintain an effective network for distribution of our products and services, it could affect our business and financial results
19. 19Increasing costs of doing business in many countries in which we operate may adversely affect our business and financial results
20. 20Our operations and profitability could suffer if we experience problems with labor relations47% rewritten
21. 21Our inability to recover from natural or man-made disasters or public health crises could adversely affect our business and financial results

Financial Risks

1. 22Some of our customers may not be able to obtain financing with third parties to purchase our products, and we could incur expenses associated with our assistance to customers in securing third-party financing
2. 23As of December 31, 2025, our total consolidated debt was $460.8 million compared to $390.2 million as of December 31, 2024
3. 24Our results of operations are subject to exchange rate and other currency risks. A significant movement in exchange rates could adversely impact our results of operations and cash flows
4. 25Exposure to additional tax liabilities could have a negative impact on our operating results
5. 26Our goodwill and intangible assets represent a significant amount of our total assets; as a result, impairment charges have had, and future impairment charges may have, an adverse effect on our results of operations
6. 27We face risks associated with our pension and other postretirement benefit obligations

Legal and Regulatory Risks

1. 28Environmental liabilities that may arise could be material
2. 29Our international sales and operations are subject to applicable laws relating to trade, tariffs, export controls, and foreign corrupt practices, the violation of which could adversely affect our operations
3. 30If our manufacturing processes and products do not comply with applicable statutory and regulatory requirements, or if we manufacture products containing design or manufacturing defects, demand for our products could decline and we could be subject to product liability claims
4. 31If we do not meet customers’ product quality and reliability standards and expectations, we may experience increased or unexpected product warranty claims and other adverse consequences to our business
5. 32Compliance or the failure to comply with regulations and governmental policies could cause us to incur significant expense
6. 33If we fail to protect our intellectual property rights or maintain our rights to use licensed intellectual property, our business could be adversely affected