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Stock impact report

Manitex International Reports Third Quarter 2024 Results

Manitex International, Inc. - common stock (MNTX) 
Last manitex international, inc. - common stock earnings: 3/9 07:00 am Check Earnings Report
Company Research Source: Business Wire
BRIDGEVIEW, Ill.--(BUSINESS WIRE)--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 September 30, 2024.THIRD QUARTER 2024 RESULTS(all comparisons versus the prior year period unless otherwise noted)Net revenue of $66.5 millionGross profit of $16.0 million; gross margin of 24.1%Net Income of $0.4 million; Adjusted Net Income of $1.8 million, or $0.09 per diluted shareAdjusted EBITDA of $8.5 million; Adjusted EBITDA margin of 12.8%On September 12, announced an agreement to be acquired by Tadano, Ltd. (“Tadano”) for $5.80 in cash per shareTHIRD QUARTER 2024 PERFORMANCEManitex reported net revenue of $66.5 million for the third quarter 2024, down 6.7% from net revenue of $71.3 million for the same period last year owing primarily to Show less Read more
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