Manitex (MNTX) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this maker of forklifts, cranes and other lifting vehicles would post earnings of $0.05 per share when it actually produced earnings of $0.17, delivering a surprise of 240%. Over ...

Exhibit 99.1 MANITEX INTERNATIONAL REPORTS SECOND QUARTER 2024 RESULTS Bridgeview, IL, August 7, 2024 – Manitex International, Inc. (Nasdaq: MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today reported financial results for the three months ended June 30, 2024. SECOND QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwi ...

I'm fond of an old Japanese saying that goes, "vision without action is a daydream," and there are many companies that try to sell credulous investors on turnaround and self-improvement visions only to deliver delays, disappointments, and excuses. That's not the case here. Manitex International (NASDAQ:MNTX) has been executing on its self-improvement plans since my last update, and while it's hard to know how much is "like for like" improvement (since the addition of the rental business would normally have ...

Safe Harbor Statement First Quarter 2024 Highlights 4 Positioned to drive significant organic growth and margin expansion 25% Revenue Growth | --- | --- | --- | --- | --- | |-------------|----------------------------------------------------------------------------------------------------------|------------|-------------------------------------------------------------------------------------------------|-------------| | | | | | | | FY22 EBITDA | | LTM EBITDA | | 2025 Target | | $21MM | Key Accomplishments: • ...

Manitex International, Inc. (NASDAQ:MNTX) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Michael Coffey - Chief Executive Officer Joseph Doolan - Chief Financial Officer Paul Bartolai - Vallum Advisors Conference Call Participants Matt Koranda - Roth Operator Good morning, ladies and gentlemen, and welcome to the Manitex International First Quarter 2024 Results Conference Call. At this time all lines are in a listen-only mode. Following the presentation we will conduct a questi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32401 MANITEX INTERNATIONAL, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan 42-1628978 (State or Other Jurisdiction ...

Manitex (MNTX) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 240%. A quarter ago, it was expected that this maker of forklifts, cranes and other lifting vehicles would post earnings of $0.12 per share when it actually produced earnings of $0.31, delivering a surprise of 158.33%.Over ...

Exhibit 99.1 MANITEX INTERNATIONAL REPORTS FIRST QUARTER 2024 RESULTS Bridgeview, IL, May 2, 2024 – Manitex International, Inc. (Nasdaq: MNTX) (“Manitex” or the “Company”), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today reported financial results for the three months ended March 31, 2024. FIRST QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise n ...

Manitex International, Inc. (NASDAQ:MNTX) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Paul Bartolai - Investor Relations Michael Coffey - CEO Joseph Doolan - CFO Conference Call Participants Ted Jackson - Northland Securities Operator Greetings. Welcome to Manitex International's Fourth Quarter and Full-Year 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operato ...

Revenue and Profit Growth - Net revenue for 2023 increased by $17.5 million (6.4%) to $291.4 million, driven by higher sales of knuckle boom cranes and rental revenue from the Rabern acquisition[126][129] - Gross profit for 2023 was $62.4 million, a 24.7% increase from 2022, with gross profit margin improving to 21.4% from 18.3%[126][128] - Operating income surged by 261.9% to $15.8 million in 2023, compared to $4.4 million in 2022[126] - Net income attributable to shareholders was $7.4 million in 2023, a significant turnaround from a $4.9 million loss in 2022[126] Acquisitions and Investments - The company acquired a 70% stake in Rabern for $26 million in cash plus $14 million in assumed debt, contributing to revenue growth[123] - Research and development costs increased by 13.3% to $3.4 million in 2023, reflecting ongoing investment in new product development[126][131] - The company secured an $85 million credit facility in April 2022 to fund the Rabern acquisition and provide working capital[139] Financial Expenses and Tax - Interest expense rose by 67.6% to $7.8 million in 2023 due to higher debt levels and interest rates following the Rabern acquisition[126][133] - The company's effective tax rate was a benefit of 43.8% in 2023, compared to a 96.8% provision in 2022, due to valuation allowance releases and foreign earnings mix[137] - Income taxes are accounted for under ASC 740, with deferred tax assets and liabilities determined based on differences between financial and tax accounting[168][169] - The company elected to recognize GILTI (Global Intangible Low-Taxed Income) as a period cost as incurred, with no deferred taxes recognized for basis differences[170] Cash Flow and Working Capital - Cash flows from operating activities provided $2.2 million in 2023, compared to a $5.1 million use in 2022[143] Revenue Recognition and Accounting Policies - The company recognizes rental revenue under ASC 606 when the customer obtains control of the asset, and under ASC 842 over the rental term based on rental rates and days rented[157][158] - Goodwill is reviewed for impairment annually, with impairment charges recognized if the carrying value exceeds the reporting unit's fair value[160][163][164] - The company evaluates long-lived assets for impairment when events indicate the carrying amount may not be recoverable, based on future undiscounted cash flows[166] Regulatory and Reporting Updates - In 2023, the FASB issued ASU 2023-09 requiring improved income tax disclosures, effective for annual periods after December 15, 2024[174] - ASU 2023-07 expands segment reporting disclosures, requiring significant segment expenses and interim disclosures, effective for the company's 2024 annual report[176] - The company determined there was no material effect on financial statements from the FASB's Reference Rate Reform guidance under ASC 848[172][173]