Manitex

Manitex International, Inc. engages in the provision of engineered lifting solutions. It operates through the following operating units: Manitex, Badger, PM Group, Valla, and C&M. The firm products include cranes and machinery. The company was founded in 1993 and is headquartered in Bridgeview, IL.

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Manitex reports stellar Q4 results, eyes sustained growth momentum

Manitex's Q4 2022 performance reflects a resilient and growth-oriented strategy, underpinned by strong revenue growth, margin expansion, and operational improvements.
The company's focus on innovation, market expansion, and financial discipline bodes well for future growth prospects and value creation for stakeholders.
While challenges persist in maintaining growth momentum and managing costs, Manitex's strategic initiatives and market opportunities position it favorably for sustainable success.

Manitex International surpasses Q1 expectations, targets strong growth ahead

Manitex International delivered a strong Q1 2023 performance with revenue and EBITDA exceeding expectations, driven by strong demand and margin expansion.
The company showcased operational strength with significant margin improvements, backlog growth, and successful commercial growth strategies.
While facing challenges in maintaining margins and meeting targets, Manitex International has opportunities for growth through product innovation, market expansion, and efficiency enhancements.
With a clear strategic focus on Elevating Excellence 2025, the company aims for continued growth, margin expansion, and operational excellence in the coming years.

Manitex reports strong Q2 earnings, eyes growth through Elevating Excellence

Manitex International delivered solid Q2 results with revenue and EBITDA growth, driven by lifting equipment business expansion and strategic initiatives. The company's focus on Elevating Excellence and strong backlog position it for continued growth, despite market challenges. Manitex aims for low double-digit EBITDA growth in 2023, leveraging new orders and margin improvements.

Manitex reports robust Q3 performance amidst supply chain concerns

Manitex International, Inc. delivered a strong Q3 performance with notable revenue and margin improvements, despite facing challenges from supply chain disruptions.
The company's focus on operational efficiency and cost management, along with a raised full-year outlook, positions Manitex for continued growth and financial strength.
While concerns over supply chain disruptions persist, Manitex's strategic strengths and growth opportunities in key segments signal a positive outlook for the future.

Manitex (MNTX) reports strong Q4 earnings, eyes growth opportunities

Manitex International's Q4 '23 showcased robust financial performance with margin expansion and revenue growth.
The company's strategic focus on higher-margin products and geographies is enhancing its backlog value mix.
Despite pricing challenges, Manitex remains cautiously optimistic about its performance in 2024.
Management's disciplined approach to capital allocation and operational improvements is driving efficiency.

Manitex reports robust Q1 earnings, eyes infrastructure projects for growth

Manitex International's Q1 2024 earnings call highlighted strong financial performance, with revenue growth, EBITDA increase, and margin expansion. The company's focus on driving adoption of PM Group products, improving operational efficiencies, and cautious guidance adjustments reflect a proactive approach to navigating market challenges and capitalizing on opportunities.

Manitex International reports margin expansion and rental segment growth in Q2 2024

Manitex International's Q2 2024 performance showcased margin expansion, strong rental segment growth, and operational improvements. Despite challenges from macroeconomic uncertainties and interest rate impacts, the company remains focused on growth initiatives and customer satisfaction. Opportunities for growth exist through dealer partnerships, product innovation, and rental segment expansions.

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Manitex (MNTX) delivered earnings and revenue surprises of 171.43% and 5.24%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Manitex (MNTX) Beats Q3 Earnings and Revenue Estimates

BRIDGEVIEW, IL / ACCESSWIRE / November 3, 2022 / Manitex International, Inc. (Nasdaq:MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, today announced results for the third quarter of 2022. Q3 Financial Highlights* : Net revenues increased 27.7% to $65.0 million, compared to $50.9 million in the third quarter of 2021; Gross margin for the third quarter was 19.0%, compared to 15.8% in the third quarter of 2021 and 17.8% in the second quarter of 2022; Net loss was $3.1 million, or $(0.15) per diluted share; Adjusted net income* for the third quarter of 2022 was $1.0 million or $0.05 per share, compared to a loss of $(0.2) million or ($0.01) per share in last year's same quarter; Adjusted EBITDA* increased to $5.2 million, or 8.0% of net sales; Reported backlog of $207 million as of September 30, 2022, represents growth of 82.3% compared to September 30, 2021; Quarter-end net debt was $85.6 million and the Company had $32 million in liquidity as of 9/30/2022.

Manitex International Reports Third Quarter 2022 Results

Conference Call Scheduled for 4:30 PM ET BRIDGEVIEW, IL / ACCESSWIRE / October 27, 2022 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, today announced that management will report its third quarter 2022 results on Thursday, November 3, 2022, following the close of the market. Michael Coffey, the company's CEO, will subsequently lead a conference call consisting of prepared remarks and a live Q&A session at 4:30 PM ET to discuss the results with the investment community.

Manitex International Will Report Third Quarter 2022 Results on November 3, 2022

Refocuses Facilities and Distribution Capabilities to Accelerate Oil & Steel and Valla Product Line Sales in North America BRIDGEVIEW, IL / ACCESSWIRE / October 20, 2022 / Manitex International, Inc. (NASDAQ:MNTX) ("Manitex" or the "Company"), leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, today announces a realignment of its Illinois-based operations to expand North American distribution and support of its Valla and Oil & Steel product lines. The changes allow for the efficient repurposing of resources toward the sale, distribution and support of Manitex aerial work platforms and electric crane product lines.

Manitex International Announces Organizational Changes

Production and Operational Excellence Veteran to Lead North American Manufacturing BRIDGEVIEW, IL / ACCESSWIRE / October 17, 2022 / Manitex International, Inc. (NASDAQ:MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, today announces that Richard Mills has been named President, Manitex North America. He will assume oversight of all North American manufacturing and new product distribution operations for Manitex.

Manitex International Names Richard Mills President, Manitex North American Manufacturing

Presentation on Tuesday, October 25 at 12:30 PM PTLos Angeles, California--(Newsfile Corp. - October 12, 2022) - Manitex International, Inc. (NASDAQ: MNTX), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, announced today that management will be participating at the 15th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, being held October 25-27, 2022.

Manitex International, Inc. to Present at the LD Micro Main Event XV

BRIDGEVIEW, IL / ACCESSWIRE / September 16, 2022 / Manitex International, Inc. (Nasdaq:MNTX), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, today announced that Chief Executive Officer Michael Coffey will be participating in the Sidoti September Small-Cap Virtual Conference, being held September 21-22, 2022. A group presentation with slides is scheduled for 10:45 am ET on September 21, and management will be available for one-on-one meetings at various times for the duration of the conference.

Manitex International to Participate at the Sidoti September Small-Cap Virtual Conference

Manitex International Inc. (NASDAQ:MNTX ) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Mike Coffey - CEO Joe Doolan - CFO Conference Call Participants Matthew Reiner - Adirondack Operator Good afternoon, ladies and gentlemen, and welcome to the Manitex International, Inc. Second Quarter 2022 Results Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded.

Manitex International Inc. (MNTX) CEO Mike Coffey on Q2 2022 Results - Earnings Call Transcript

Manitex (MNTX) delivered earnings and revenue surprises of 0% and 5.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Manitex (MNTX) Q2 Earnings Meet Estimates

BRIDGEVIEW, IL / ACCESSWIRE / August 9, 2022 / Manitex International, Inc. (Nasdaq:MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, today announced results for the second quarter of 2022. Q2 Financial Highlights* : Net sales increased 15.9% to $69.6 million, compared to $60.0 million in the second quarter of 2021; Net loss was $2.1 million, or $(0.10) per diluted share; Adjusted net income* for the second quarter of 2022 was $1.1 million, or $0.05 per share; Adjusted EBITDA* increased to $5.2 million, or 7.4% of net sales compared to $4.2 million, or 7.1% of net sales in the second quarter of 2021 and compared to $2.7 million, or 4.5% of net sales in the first quarter of 2022; Backlog of $214 million, as of June 30 2022, represents the eighth consecutive quarterly increase, and a 92% increase since June 30, 2021; the Company's book-to-bill ratio was 1.1:1 for the second quarter of 2022; Operating expenses of $14.0 million includes $3.1 million in non-recurring reorganization and acquisition costs; Net debt was $78.7 million at the end of the quarter and the company had $42 million in liquidity as of 6/30/2022.

Manitex International Reports Second Quarter 2022 Results

BRIDGEVIEW, IL / ACCESSWIRE / August 3, 2022 / Manitex International, Inc. (Nasdaq:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that management will report its second quarter 2022 results on August 9, 2022, following the close of the market. Michael Coffey, the company's CEO, will subsequently lead a conference call consisting of prepared remarks and a live Q&A session at 4:30 PM ET to discuss the results with the investment community.

Manitex International Will Report Second Quarter 2022 Results on August 9, 2022; Conference Call Scheduled for 4:30 PM ET

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Promotes Giovanni Tacconi to Managing Director, Manitex Italy, and General Manager of PM Oil & Steel and Valla BRIDGEVIEW, IL / ACCESSWIRE / June 29, 2022 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that deliveries have commenced to Enel, LLC, a leading electricity provider based in Rome, Italy, for approximately 200 Oil & Steel aerial work platforms (AWP's), under the terms of a contract previously announced in 2021. The equipment will be used to support Enel's power-line maintenance fleet.

Manitex International Announces Commencement of Deliveries on $15 Million Order for Aerial Work Platforms to Enel S.p.A.

Here is how Manitex (MNTX) and Vertex Energy (VTNR) have performed compared to their sector so far this year.

Is Manitex International (MNTX) Stock Outpacing Its Industrial Products Peers This Year?

BRIDGEVIEW, IL / ACCESSWIRE / June 6, 2022 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that Michael Coffey, the Company's Chief Executive Officer, has been appointed to the Board of Directors. Named CEO in April 2022, Mr.

Michael Coffey Named to Manitex International Inc.'s Board of Directors

Here is how Manitex (MNTX) and ScanSource (SCSC) have performed compared to their sector so far this year.

Is Manitex International (MNTX) Outperforming Other Industrial Products Stocks This Year?

Has Manitex International (MNTX) Outpaced Other Industrial Products Stocks This Year?

Manitex International, Inc. (NASDAQ:MNTX ) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants Mike Coffey - Chief Executive Officer Joe Doolan - Chief Financial Officer Conference Call Participants Michael Zabran - ROTH Capital Operator Greetings, and welcome to Manitex International, Inc. First Quarter 2022 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Manitex International, Inc. (MNTX) CEO Mike Coffey on Q1 2022 Results - Earnings Call Transcript

Manitex (MNTX) delivered earnings and revenue surprises of 183.33% and 8.28%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Manitex (MNTX) Surpasses Q1 Earnings and Revenue Estimates

BRIDGEVIEW, IL / ACCESSWIRE / May 4, 2022 / Manitex International, Inc. (NASDAQ:MNTX) ("Manitex" or the "Company"), a leading international provider of cranes and specialized industrial equipment, today announced results for the first quarter of 2022. Q1 Financial Highlights Net sales increased 28% to $60.4 million, compared to $47.2 million in the first quarter of 2021; Net income of $0.2 million, or $0.01 per diluted share, compared to a loss of $0.8 million, or $(0.04) per diluted share, in the first quarter of 2021; Adjusted net income* for the first quarter of 2022 was $0.9 million, or $0.05 per share, compared with a loss of $0.1 million, or $(0.01) per share for the first quarter of 2021; Adjusted EBITDA* increased to $2.7 million, or 4.4% of net sales compared to $1.9 million, or 3.9% of net sales in 2021 and compared to $0.3 million, or 1.0% of net sales in the fourth quarter of 2021; Backlog of $206 million, as of March 31, 2022, represents a 145% increase since March 31, 2021; the Company's book-to-bill ratio was 1.3:1 for the first quarter of 2022; Net debt was $31.5 million compared to $23.8 million at the end of the year; representing a leverage ratio of 3.5 times trailing twelve months Adjusted EBITDA* Subsequent Items On April 11, 2022, the company simultaneously announced that Michael Coffey was appointed Chief Executive Officer, the closing of the acquisition of Rabern Rentals, and a new credit facility in the US.

Manitex International Reports First Quarter 2022 Results

Conference Call Scheduled for 11:00AM ET BRIDGEVIEW, IL / ACCESSWIRE / April 28, 2022 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that management will report its first quarter 2022 results on May 4, 2022, prior to the opening of the market. Michael Coffey, the company's newly appointed CEO, will subsequently lead a conference call at 11:00 AM ET to discuss the results with the investment community.

Manitex International Will Report First Quarter 2022 Results on May 4, 2022

BRIDGEVIEW, IL / ACCESSWIRE / April 11, 2022 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that it has completed the acquisition of 70% of Rabern Rentals, of Amarillo, Texas for $25.9 million. The acquisition is being financed through a new U.S.-based $85 million credit facility which enhances the company's ability to deploy its resources, globally.

Manitex International Acquires Rabern Rentals, Names Industry Veteran Michael Coffey as CEO, and Upgrades Credit Facilities in Support of Growth and Margin Expansion Strategy

Manitex International, Inc. (MNTX) CEO Steve Filipov on Q4 2021 Results - Earnings Call Transcript

Manitex (MNTX) delivered earnings and revenue surprises of -166.67% and 3.45%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Manitex (MNTX) Reports Q4 Loss, Lags Revenue Estimates

BRIDGEVIEW, IL / ACCESSWIRE / March 8, 2022 / Manitex International, Inc. (NASDAQ:MNTX) ("Manitex" or the "Company"), a leading international provider of cranes and specialized industrial equipment, today announced results for the fourth quarter and full year of 2021. Financial Highlights Fourth quarter net sales increased 18.2% year-over-year, to $53.4 million, compared to $45.2 million in the fourth quarter of 2020; for the full year, net sales rose to $211.5 million from $167.5 million in 2020 Largely due to asset impairment charges of $3.2 million (related to the closure of the Company's Badger facility) and supply chain inefficiencies, fourth quarter gross profit declined to $4.7 million from $8.4 million in the prior-year period The Company reported a fourth quarter net loss from continuing operations of $8.1 million, or $(0.40) per diluted share, compared to a loss of $1.8 million, or $(0.09) per diluted share, in the fourth quarter of 2020; the fiscal 2021 fourth quarter results included $6.4 million of one-time, after-tax charges ($0.32 per share), largely related to the Badger closing Adjusted EBITDA* was $0.3 million in the fourth quarter of fiscal 2021 versus $1.5 million in 2020; for the full year, Adjusted EBITDA rose to $8.0 million from $5.7 million in the prior-year period Backlog as of December 31, 2021 increased to $189.0 million from $113.6 million as of September 30, 2021, up 66.4% sequentially; the Company's book-to-bill ratio was 2.41:1 for the fourth quarter of 2021 Net debt was $23.8 million at the end of the quarter, representing a leverage ratio of 3.0 times trailing Adjusted EBITDA* The Company's total liquidity* was $37.6 million as of December 31, 2021 versus $28.9 million at the end of 2020 "As we turn the corner on 2021, we remain steadfast in our resolve to tackle near-term supply chain constraints and put the Company on sound footing for the year ahead," said Steve Filipov, CEO of Manitex International.

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