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Manitex International, Inc. Announces Continued Order Growth Into 2021
Backlog Has Surpassed $80 Million, led by New Bookings at PM Group
BRIDGEVIEW, IL / ACCESSWIRE / February 11, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced continued recovery in orders. Management currently anticipates a reported backlog of $68.0 million for the period ended December 31, 2020, representing 34.7% growth from $50.5 million as of September 30, 2020. The company s consolidated backlog of approximately $82.0 million, as of January 31, 2021 is at its highest level in over three years.
This recovery in the backlog has been driven primarily by the company s articulated crane and aerials products at PM Group, which has experienced a consistent increase in orders since COVID-19 related shutdowns in the first half of 2020. As of January 31, 2021, PM s backlog of $46.0 million represents growth ....

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