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.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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 will likely see noticeable margin pressure in Q4'21, but orders should be solid, and I'd expect improving volume and margin leverage in the second half of 2022.

Manitex Likely To See Some Short-Term Pain, But Long-Term Gains Still In Play

Manitex International Inc (NASDAQ: MNTX) has secured an order worth ~$18 million for Oil & Steel aerial platforms from a major utility company in Italy. The company plans to begin product delivery in the second half of 2022.

Manitex Bags $18M Order For Oil & Steel Aerial Platforms In Italy

BRIDGEVIEW, IL / ACCESSWIRE / December 1, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that it secured a record order, worth approximately $18 million, for Oil & Steel aerial platforms with a major utility company in Italy. Oil & Steel, part of the PM Group, a wholly-owned subsidiary of Manitex International, has an installed base of over 1,000 machines in Italy with customers in the utility sector.

Manitex Announces Record $18 Million Order for Oil & Steel Aerial Platforms in Italy

Manitex (MNTX) delivered earnings and revenue surprises of 50.00% and 2.28%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Manitex (MNTX) Reports Q3 Loss, Tops Revenue Estimates

Manitex International, Inc. (MNTX) CEO Steve Filipov on Q3 2021 Results - Earnings Call Transcript

BRIDGEVIEW, IL / ACCESSWIRE / November 8, 2021 / Manitex International, Inc. (Nasdaq:MNTX) ("Manitex" or the "Company"), a leading international provider of cranes and specialized industrial equipment, today announced results for the third quarter 2021, the three-month period ended September 30, 2021. Financial Highlights Third quarter net sales increased 39.7% year-over-year, to $50.9 million, compared to $36.5 million in 2020 Gross profit rose 20.7%, to $8.0 million, versus $6.7 million in the fiscal third quarter of 2020; as a percent of sales, gross margin was 15.8% in 2021 versus 18.3% last year, reflecting increased material costs The Company reported a net loss from continuing operations of $1.1 million, or $(0.06) per diluted share, compared to a loss of $1.4 million, or $(0.07) per diluted share, in the prior-year period Adjusted EBITDA* was $1.6 million in the third quarter of fiscal 2021 versus $1.0 million in 2020 Backlog increased to $113.6 million from $111.2 million as of June 30, 2021 and remains 67% higher than the start of fiscal 2021; the book to bill was 1.05:1 Net debt was $26.5 million at the end of the quarter, representing a leverage ratio of less than 3.0 times trailing Adjusted EBITDA* "The third quarter played out largely as expected, with solid top line growth even as the Company faced several challenges due to global supply chain constraints, seasonal shutdowns in Europe, and, to a lesser extent, the ongoing pandemic," said Steve Filipov, CEO of Manitex International.

Manitex International Reports Third Quarter 2021 Results

BRIDGEVIEW, IL / ACCESSWIRE / November 1, 2021 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will announce its Third Quarter 2021 financial results after the close of the market on November 8, 2021. Steve Filipov, the company's Chief Executive Officer, will then lead a public conference call, slated to begin at 4:30 PM Eastern Time, to discuss the results with the investment community.

Manitex International to Host Third Quarter 2021 Earnings Conference Call on November 8, 2021

Manitex (MNTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Manitex (MNTX) May Report Negative Earnings: Know the Trend Ahead of Q3 Release

Xylem

MNTX vs. XYL: Which Stock Is the Better Value Option?

MNTX or XYL: Which Is the Better Value Stock Right Now?

Manitex (MNTX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Manitex (MNTX) Rating Upgrade to Strong Buy

Bridgeview, Illinois--(Newsfile Corp. - August 11, 2021) - Manitex International, Inc. (NASDAQ: MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will participate in the Investor Summit, which will be held virtually August 17-18 2021. Steve Filipov, CEO and Joe Doolan, CFO, representing Manitex International will be available for one-on-one meetings throughout the conference. Investors can register to participate in the conference and request a virtual one-on-one...

Manitex International, Inc. Will Participate in the Investor Summit Conference (Virtual) August 17-18, 2021

Manitex (MNTX) delivered earnings and revenue surprises of 450.00% and 17.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Manitex (MNTX) Surpasses Q2 Earnings and Revenue Estimates

BRIDGEVIEW, IL / ACCESSWIRE / August 3, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced second quarter 2021 results. Net sales for the second quarter were $60.0 million, compared to $37.1 million in the prior year's second quarter, and net income from continuing operations was $5.4 million or $0.27 in earnings per share, compared to net loss from continuing operations of $(2.4 million) or $(0.12) per share, in the second quarter of 2020.

Manitex International, Inc. Reports Second Quarter 2021 Results

Conference Call Scheduled for 4:30 PM ET BRIDGEVIEW, IL / ACCESSWIRE / July 27, 2021 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will announce its Second Quarter 2021 financial results after the close of the market on Tuesday, August 3, 2021. Steve Filipov, the company's Chief Executive Officer will then lead a public conference call, slated to begin at 4:30 PM Eastern Time, to discuss the results with the investment community.

Manitex International, Inc. Will Report Second Quarter 2021 Financial Results on August 3, 2021

Manitex International, Inc. (MNTX) CEO Steve Filipov on Q1 2021 Results - Earnings Call Transcript

BRIDGEVIEW, IL / ACCESSWIRE / May 7, 2021 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will participate in the Investor Summit, which will be held virtually from May 17-18 2021. Steve Filipov, CEO, and Joe Doolan, CFO, representing Manitex International will be available for one-on-one meetings throughout the duration of the conference.

Manitex International, Inc. Will Participate in Investor Summit Conference (Virtual) May 17-18, 2021

BRIDGEVIEW, IL / ACCESSWIRE / May 6, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced first quarter 2021 results. Net sales from continuing operations for the first quarter were $47.2 million, compared to $48.7 million in the prior year's first quarter, and net loss from continuing operations was $(0.8 million) or $(0.04) per share, compared to net loss from continuing operations of $(7.0 million) or $(0.36) per share, in the first quarter of 2020.

Manitex International, Inc. Reports First Quarter 2021 Results

Earnings Preview: Manitex (MNTX) Q1 Earnings Expected to Decline

BRIDGEVIEW, IL / ACCESSWIRE / April 28, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that it has been awarded $1.7 million in follow-on orders to supply knuckleboom cranes to an international military entity. Production is anticipated to start in the second half of 2021.

Manitex International, Inc. Announces Follow on Order for Knuckleboom Cranes Valued at Approximately $1.7 Million

Conference Call Scheduled for 4:30 PM ET BRIDGEVIEW, IL / ACCESSWIRE / April 22, 2021 / Manitex International, Inc. (Nasdaq:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will announce its First Quarter 2021 financial results after the close of the market, on Thursday, May 6, 2021. Steve Filipov, the company's Chief Executive Officer will then lead a public conference call, slated to begin at 4:30 PM Eastern Time, to discuss the results with the investment community.

Manitex International, Inc. Will Report First Quarter 2021 Financial Results on May 6, 2021

Manitex should see improving orders in 2021 on equipment rental fleet refresh/expansion, and the passage of an infrastructure bill could provide a significant boost. Growing adoption of knuckle-boom cranes in North America is a significant potential long-term driver for Manitex, as these are higher-margin products.

Manitex Past The Worst And Now Leveraged To Equipment Recovery

Manitex International (MNTX) has moved higher as of late, but there could definitely be trouble on the horizon for this company

Manitex International (MNTX) Enters Overbought Territory

BRIDGEVIEW, IL / ACCESSWIRE / March 11, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced fourth quarter and full year 2020 results. Net sales from continuing operations for the fourth quarter were $45.2 million, compared to $53.1 million in the prior year's fourth quarter, and net loss from continuing operations was $(1.8 million), or $(0.09) per share, compared to net loss from continuing operations of $(0.1 million) or $(0.01) per share, in the fourth quarter of 2019.

Manitex International, Inc. Reports Fourth Quarter and Full Year 2020 Results

Conference Call Scheduled for 4:30 PM ET BRIDGEVIEW, IL / ACCESSWIRE / March 2, 2021 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will announce its Fourth Quarter and Full Year 2020 financial results after the close of the market, on Thursday, March 11, 2021. Steve Filipov, the company's Chief Executive Officer will then lead a public conference call, slated to begin at 4:30 PM Eastern Time, to discuss the results with the investment community.

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