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Manitex International, Inc. Will Report Second Quarter 2021 Financial Results on August 3, 2021

Manitex International, Inc. Will Report Second Quarter 2021 Financial Results on August 3, 2021
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Upward pressure on prices - Cranes Today

Upward pressure on prices - Cranes Today
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Industrial Workhorses - Cranes Today

Industrial Workhorses
20 May 2021
Stuart Anderson, president of Chortsey Barr Associates discusses business and technical developments in the pick-and-carry mobile crane industry and analyses trends in the fast-growing Italian market.
Almost every European and American mobile crane manufacturer of any note had its beginnings building industrial mobile or ‘yard’ cranes of one variety or another. Time was when there were well in excess of 100 producers.
It will surprise some to know that even today there are around 40 manufacturers of hydraulic telescopic boom pick-and-carry cranes but in contrast with former times, its an industry where the manufacturers are largely-concentrated in just two countries – Italy and the U.S. ....

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Manitex's backlog at a five year-high

Cranes and specialised industrial equipment manufacturer Manitex International has reported net sales revenue of $47.2m for the first quarter of 2021, down $1.5m year-on-year.
However the sales increased compared to the fourth quarter of 2020, when they totalled $45.2m. Gross profit in Q1 was $8.8m, or 18.7% of sales. The company said this figure was in-line with the $8.4m gross profit, or 18.7% of sales, generated in the fourth quarter of 2020.
Adjusted Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 24% to $1.9m. The $107m backlog recorded as of April 30, 2021 was at a five-year high.
Steve Filipov, CEO of Manitex International said: Our first quarter results were in-line with our expectations and reflect increased net sales and adjusted EBITDA. Our backlog has grown consistently over the past several quarters, evidence of a healthy recovery in demand in many of the markets that our products are uniquely suited for, an ....

Steve Filipov , Manitex International , ஸ்டீவ் பிளிப்போவி ,

Manitex International, Inc. Will Participate in Investor Summit Conference (Virtual) May 17-18, 2021

Manitex International, Inc. Will Participate in Investor Summit Conference (Virtual) May 17-18, 2021
BRIDGEVIEW, IL / ACCESSWIRE / May 7, 2021 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will participate in the Investor Summit, which will be held virtually from May 17-18 2021.
Steve Filipov, CEO, and Joe Doolan, CFO, representing Manitex International will be available for one-on-one meetings throughout the duration of the conference. Investors can register to participate in the conference and request a virtual one-on-one meeting on the Investor Summit online conference platform at https://investorsummitgroup.com/, or contact Peter Seltzberg, Investor Relations for additional information. ....

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