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 September 30, 2023 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) (State or Other Jurisdiction of Incorporation ...

Manitex International, Inc. (NASDAQ:MNTX) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Paul Bartolai - IR Michael Coffey - CEO Joseph Doolan - CFO Conference Call Participants Matthew Koranda - ROTH MKM Partners Operator Greetings and welcome to the Manitex International Second Quarter of 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. A ...

Safe Harbor Statement Confidential: Manitex International2 Key Messages | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------- ...

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 June 30, 2023 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) (State or Other Jurisdiction of Incorporation or O ...

Manitex International, Inc. (NASDAQ:MNTX) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Paul Bartolai - Investor Relations Michael Coffey - Chief Executive Officer Joseph Doolan - Chief Financial Officer Conference Call Participants Michael Zabran - ROTH MKM Partners Operator Good morning, ladies and gentlemen, and welcome to the Manitex First Quarter 2023 Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, May 4, 2023. I would now like t ...

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, 2023 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) (State or Other Jurisdiction of Incorporation or ...

Safe Harbor Statement Confidential: Manitex International Strong organic growth, meaningful margin improvement Targeted Commercial Expansion Sustained Operational Excellence Building a durable, more efficient business to drive profitable growth Disciplined Capital Allocation Prioritize reduction in net leverage, targeted organic growth investments 1. Reduce net leverage towards target of 3.0x or less 3. Opportunistic, shareholder-friendly return of capital | --- | --- | --- | --- | --- | --- | --- | |------ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 Commission File No.: 001-32401 MANITEX INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Michigan 42-1628978 (State of incorporation) (I.R.S. Employer 9725 Industrial Drive (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ...

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

Financial Data and Key Metrics Changes - Revenue for Q1 2022 was $60.4 million, an increase of 28% year-over-year and up from $53.4 million in Q4 2021, driven mainly by sales of larger tonnage cranes and aerial platforms [17][10] - Gross profit margin was 16.8%, representing a 200 basis point improvement sequentially but nearly 200 basis points lower than the previous year due to higher raw material costs and increased logistics expenses [17][11] - Adjusted EBITDA increased to $2.7 million or 4.5% of sales, compared to $1.9 million or 3.9% of sales in Q1 2021, with a sequential improvement of 390 basis points from Q4 2021 [18][11] - Net income for the quarter was $0.2 million, a significant improvement from a loss of $0.8 million in the same quarter last year [22] Business Line Data and Key Metrics Changes - The backlog reached a record $206 million as of March 31, 2022, which is 145% higher than at the end of March 2021, reflecting strong orders in straight mast cranes, knuckle cranes, and aerial platforms [20] - The straight mast crane backlog more than tripled year-over-year, while knuckle crane and aerial platforms backlogs more than doubled since Q1 2021 [20] Market Data and Key Metrics Changes - The company is experiencing strong demand across most product categories, with a book-to-bill ratio of 1.3:1 for the quarter, indicating continued strength in order flow [20] Company Strategy and Development Direction - The acquisition of Rabern Rentals is expected to improve operating margins and overall shareholder value, with the company focusing on operational efficiency and leveraging its product innovations [5][6] - The company aims to achieve double-digit EBITDA performance by improving production output and efficiencies, as well as enhancing supply chain management [12][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds from global supply delays and rising cost pressures but expressed confidence in the effectiveness of their initiatives to counteract these challenges [26] - The integration of Rabern Rentals is expected to contribute positively to margins, with management anticipating a slight uptick in gross margin in Q2 2022 [38][39] Other Important Information - Net debt stood at $31.5 million as of March 31, 2022, with a leverage ratio of 3.5x trailing 12-month adjusted EBITDA, and the company has available liquidity of approximately $35 million to $40 million [23] Q&A Session Summary Question: What type of growth to expect from Rabern Rentals? - Management indicated that Rabern Rentals is seeing slightly over 20% year-over-year organic growth, with strong demand expected to continue throughout the year [33] Question: What was the price/volume contribution in Q1? - The majority of revenue increase was attributed to volume from sales of larger tonnage cranes, with pricing having a relatively small impact of about 2.5% [35] Question: Is there additional price action embedded in the backlog? - Yes, management confirmed that there are price increases expected to flow through in Q2, with some already seen in Q1 [36] Question: Key drivers for gross margin expansion throughout the year? - The addition of Rabern Rentals is expected to drive gross margin improvement, along with strategic pricing and cost initiatives [38]