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Manitex International Inc   (MNTX)
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Price: $6.8400 $0.06 0.885%
Day's High: $7.07 Week Perf: 9.27 %
Day's Low: $ 6.80 30 Day Perf: 1.33 %
Volume (M): 80 52 Wk High: $ 9.16
Volume (M$): $ 550 52 Wk Avg: $5.73
Open: $7.05 52 Wk Low: $3.72



 Market Capitalization (Millions $) 139
 Shares Outstanding (Millions) 20
 Employees 961
 Revenues (TTM) (Millions $) 290
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) -9
 Capital Exp. (TTM) (Millions $) 7

Manitex International Inc

The Company is a leading provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the ASV segment and the Equipment Distribution segment.

Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve multiple functions and are used in a variety of industries. Through its Manitex, Inc. subsidiary it markets a comprehensive line of boom trucks, truck cranes and sign cranes. Manitex’s boom trucks and crane products are primarily used for industrial projects, energy exploration and infrastructure development, including, roads, bridges and residential and commercial construction.


PM Group S.p.A. (“PM”) is a leading Italian manufacturer of truck mounted hydraulic knuckle boom cranes with a 50-year history of technology and innovation, and a product range spanning more than 50 models. Its largest subsidiary, Oil & Steel (“O&S”), is a manufacturer of truck-mounted aerial platforms with a diverse product line and an international client base.


Manitex Liftking ULC (“Manitex Liftking” or “Liftking”) sells a complete line of rough terrain forklifts, a line of stand-up electric forklifts, cushioned tired forklifts with lifting capacities from 18 thousand to 40 thousand pounds, and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking’s rough terrain forklifts are used in both commercial and military applications.

Manitex Sabre, Inc. (“Sabre”) manufactures a comprehensive line of specialized mobile tanks for liquid and solid storage and containment solutions with capacities from 8,000 to 21,000 gallons. Its mobile tanks will be sold to specialized independent tank rental companies and through the Company’s existing dealer network. The tanks are used in a variety of end markets such as petrochemical, waste management and oil and gas drilling CVS Ferrari, srl (“CVS”) designs and manufactures a range of reach stackers and associated lifting equipment for the global container handling market that are sold through a broad dealer network. CVS’s Valla SpA (“Valla”) division offers a full range of electric precision pick and carry cranes.


Badger Equipment Company (“Badger”) is a manufacturer of specialized rough terrain cranes and material handling products. Badger primarily serves the needs of the construction, municipality, and railroad industries.

ASV Segment
A.S.V., LLC (“ASV”) manufactures a line of high quality compact rubber tracked and skid steer loaders. The ASV products are distributed through Terex Corporation (“Terex”) distribution channels as well as through the Company and other independent dealers. This independent dealer network now has over 100 locations. The products are used in the site clearing, general construction, forestry, golf course maintenance and landscaping industries, with general construction being the largest market.

Equipment Distribution Segment
The Equipment Distribution segment comprises the operations of Crane & Machinery (“C&M”), a division of Manitex International, North American Equipment, Inc. (“NAE”) and North American Distribution, Inc. (“NAD”). The segment markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction, general contracting, roofing, scrap handling and sign construction and maintenance. C&M is a distributor of Terex rough terrain and truck cranes products and supplies repair parts for a wide variety of medium to heavy duty construction equipment and sells domestically and internationally, predominately to end users, including the rental market. It also provides crane equipment repair services in the Chicago area. The segment markets previously-owned construction and heavy equipment and trailers both domestically and internationally through North American Equipment, Inc., a subsidiary of the Company. The segment purchases previously owned equipment of various ages and conditions and often refurbish the equipment before resale. The segment also sells Valla products through NAD.



   Company Address: 9725 Industrial Drive Bridgeview 60455 IL
   Company Phone Number: 430-7500   Stock Exchange / Ticker: NASDAQ MNTX
   


   

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Management Changes

Manitex International Enhances Board of Directors with Appointment of Shinichi Iimura, Setting Stage for Growth in Infrastructure and Construction Markets

Published Wed, Jan 24 2024 9:05 PM UTC


Manitex International Appoints Shinichi Iimura to Board of Directors
BRIDGEVIEW, Ill. - Manitex International, Inc. (NASDAQ: MNTX), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions, announced the appointment of Shinichi Iimura to its Board of Directors, effective January 30, 2024. Iimura ...

Manitex International Inc

Manitex International Inc Makes a Striking Comeback, Regaining Profitability in Impressive Financial Performance for Year Ending September 30, 2023

Manitex International Inc, the Industrial Machinery and Components company, has certainly made a mark in the stock market with its impressive financial performance. The company witnessed a remarkable revenue rise of 8.531% year on year, reaching a staggering $70.59 million in the financial period ending on September 30, 2023. This increase in revenue not only helped the company to regain profitability but also showcased its earnings per share (EPS) of $0.08.
What makes this achievement even more extraordinary is that while the rest of the Industrial Machinery and Components industries experienced a significant reduction in their top-line, MNTX's revenue continued to grow. In fact, the industry witnessed a decline of -3.35% in their revenues, making Manitex International Inc's performance even more remarkable.

Manitex International Inc

Manitex International Inc. Surges with 4.82% Revenue Uplift in Q2 2023: Defying Industry Trend with Turnaround to Positive Earnings !

Manitex International Inc, a leading player in the Industrial Machinery and Components sector, recently announced its second-quarter earnings for 2023. The results indicate a positive turnaround for the company, with earnings per share increasing to $0.02 compared to a loss of $0.10 per share in the same period last year and no change from the previous reporting season.
Furthermore, the company's revenue saw a modest increase of 4.826%, reaching $72.94 million compared to $69.58 million in the corresponding period a year ago. Sequentially, the revenue advanced by 7.461% from $67.87 million. It is important to note, however, that compared to its peers in the Industrial Machinery and Components sector, Manitex fell short in terms of revenue growth, as the sector as a whole saw a 6.05% increase during the same timeframe.
Nonetheless, Manitex International Inc showcased significant improvement in its profit margins. The company reported a net margin of 0.73% in the second quarter of 2023, an increase from the preceding reporting season. Additionally, the operating margin edged up to 4.57%, reflecting the company's efforts in optimizing its operations.
One notable aspect to consider is the notable increase in inventories and accounts receivable. Inventories and supplies rose to $83.3 million, indicating higher inventory levels compared to the previous quarter and the same period last year. This can be interpreted as a signal of rising demand for the company's products. Similarly, accounts receivable reached $49.9 million, a significant increase from the preceding quarter.

Manitex International Inc

Manitex International Inc Surpasses Expectations with Strong Revenue Growth in Q1 2023 Earnings Season

Manitex International Inc, an Industrial Machinery and Components company, recently announced its financial results for the time-frame ending March 31, 2023. The company recorded earnings of $0.00 per share, a decrease from $0.01 a year prior and $0.02 per share from the previous quarter. Despite this decline, Manitex International's revenue increased by 12.332% to $67.87 million from $60.42 million in the same quarter a year prior. However, the sequentially revenue declined by 13.891% to $78.82 million.
While the lack of earnings growth may be a cause for concern, Manitex International's management stated that the company is well-positioned to build on its progress from the previous year, by augmenting its perceptibility and development. The company's notable proficiency and improvements from customers can be attributed to the promising future results. This presages further growth and the continued success of Manitex International.






 

Manitex International Inc's Segments
 
 
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