Northland Capital downgraded Manitex Intl from Outperform to Market Perform

Northland Capital initiated coverage of Manitex Intl with a rating of Outperform and set a new price target of $10.00

Roth Capital reiterated coverage of Manitex International with a rating of Buy and set a new price target of $10.00 from $6.00 previously

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 million Gross 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 share Adjusted EBITDA of $8.5 million; Adjusted EBITDA margin of 12.8% On September 12, announced

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 otherwise noted) Net revenue of $76.2 million, +3.7% Gross profit of $17.2 million, +14.9%; gross margin of 22.5%, +220 basis points Net Income of $1.5 million; Adjusted Net Income of $2.2 million, or $0.11 per diluted share Adjusted EBITDA of $8.1 million, +19.0%; Adjusted EBITDA mar

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 announced that it will release second quarter 2024 results before the market opens on Wednesday, August 7, 2024. A conference call will be held that same day at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at www.manitexi

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 noted) Net revenue of $73.3 million, +8.1% Gross profit of $16.9 million, +17.2%; gross margin of 23.0%, +179 basis points Net Income of $2.3 million; Adjusted Net Income of $3.4 million, or $0.17 per diluted share Adjusted EBITDA of $8.4 million, +33.5%; Adjusted EBITDA mar

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 announced that it will release first quarter 2024 results before the market opens on Thursday, May 2, 2024. A conference call will be held that same day at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at www.manitexintern

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 and twelve months ended December 31, 2023. FOURTH QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $78.7 million Gross profit of $16.4 million, +8.2%; gross margin of 20.9%, +162 basis points GAAP Net Income of $5.2 million; Adjusted Net Income of $6.3 million, or $0.31 per diluted share Adjusted EBITDA of $8.0 million; Adjust

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 announced that it will release fourth quarter and full-year 2023 results before the market opens on Thursday, February 29, 2024. A conference call will be held that same day at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website

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, 2023. THIRD QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $71.3 million, +9.7% Gross profit of $16.6 million +34.4%; gross margin of 23.3%, +427 basis points GAAP Net Income of $1.7 million; Adjusted Net Income of $2.9 million, or $0.14 per diluted share Adjusted EBITDA of $8.5 million, +61.7%; Adjusted

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 announced that it will release third quarter 2023 results before the market opens on Thursday, November 2, 2023. A conference call will be held that same day at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at www.manitexi

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, 2023. SECOND QUARTER 2023 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $73.5 million, +5.7% Gross profit of $14.9 million +20.8%; gross margin of 20.3%, +254 basis points GAAP Net Income of $0.5 million; Adjusted Net Income of $1.7 million, or $0.08 per diluted share Adjusted EBITDA of $6.8 million, +31.6%, 9.3% of net r

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 million Gross 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 share Adjusted EBITDA of $8.5 million; Adjusted EBITDA margin of 12.8% On September 12, announced

Leading provider of mobile truck cranes, aerial work platforms, specialized lifting solutions, and construction equipment rentals CLEVELAND, Sept. 12, 2024 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce that Manitex International, Inc. (NASDAQ:MNTX) (Manitex) has signed a definitive agreement to be acquired by Tadano Ltd. (Tadano). BGL's Engineered Equipment investment banking team served as the exclusive financial advisor to Manitex in the transaction. Under the terms of the transaction, Tadano will acquire Manitex in an all-cash transaction valued at $223 million or $5.80 per share, a 52% premium over the closing price for the last trading day.

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 announced that it has entered into a definitive agreement to be acquired by Tadano Ltd. ("Tadano") in an all-cash transaction at an equity value of $123 million and total transaction value of $223 million, including outstanding debt. Under the terms of the transaction, Manitex shareholders will receive $5.80 per share in cash, which represents a premium of approximately 52.2% over the Company's closing share price of $3.81 on September 11, 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 announced a dealership agreement with First Fleet Truck Sales ("First Fleet"). As one of the largest truck crane upfitters in Florida, First Fleet's team will be certified to sell and support PM Group knuckle boom cranes and Manitex aerial work platforms, through its operations center based in Lake Worth Beach, Florida. Established in 1967, First Fleet has over 50 years' experience upfitting specialty vocational trucks, including grapple trucks

Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today announced a North American dealership agreement with Bruckner's Truck & Equipment ("Bruckner's"). Bruckner's will sell and support the full line of Manitex equipment solutions in selected markets through their network of 40 support centers located across eight states, including PM articulating cranes. Bruckner's began operations in 1932 and has grown to become one of the leading service providers to the on-highway market across its key geographies. Bruckner's has been fam

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 otherwise noted) Net revenue of $76.2 million, +3.7% Gross profit of $17.2 million, +14.9%; gross margin of 22.5%, +220 basis points Net Income of $1.5 million; Adjusted Net Income of $2.2 million, or $0.11 per diluted share Adjusted EBITDA of $8.1 million, +19.0%; Adjusted EBITDA mar

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 announced that it will release second quarter 2024 results before the market opens on Wednesday, August 7, 2024. A conference call will be held that same day at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at www.manitexi

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 announced that Chief Executive Officer Michael Coffey and Chief Financial Officer Joseph Doolan will participate in the Northland Growth Conference, taking place virtually on Tuesday, June 25, 2024. In conjunction with the event, MNTX executives will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your Northland salesperson. ABOUT MANITEX INTERNATIONA

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 announced that, effective June 17, 2024, Shinichi Iimura has resigned from the Company's Board of Directors. Mr. Iimura resigned for personal health reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company has appointed Takashi Fukui to the Board of Directors to replace Mr. Iimura, effective June 18, 2024. "On behalf of the Board of Directors, I would like t

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 noted) Net revenue of $73.3 million, +8.1% Gross profit of $16.9 million, +17.2%; gross margin of 23.0%, +179 basis points Net Income of $2.3 million; Adjusted Net Income of $3.4 million, or $0.17 per diluted share Adjusted EBITDA of $8.4 million, +33.5%; Adjusted EBITDA mar

Gainers Pineapple Energy (NASDAQ:PEGY) shares increased by 48.7% to $0.08 during Tuesday's regular session. The company's market cap stands at $7.1 million. Graphex Gr (AMEX:GRFX) shares moved upwards by 35.2% to $0.41. The market value of their outstanding shares is at $18.2 million. Gaucho Group Holdings (NASDAQ:VINO) stock rose 23.27% to $5.74. The market value of their outstanding shares is at $4.3 million. Great Lakes Dredge & Dock (NASDAQ:GLDD) stock rose 23.1% to $8.67. The company's market cap stands at $578.3 million. The company's, Q1 earnings came out today. Air Transport Services Gr (NASDAQ:ATSG) shares rose 14.56% to $15.18. The company's market cap stands at $997.0 million

Gainers Manitex International (NASDAQ:MNTX) stock moved upwards by 24.6% to $7.0 during Monday's regular session. The company's market cap stands at $142.6 million. The company's, Q1 earnings came out 2 days ago. Exela Technologies (NASDAQ:XELA) stock increased by 20.85% to $2.55. The company's market cap stands at $16.2 million. Ryde Group (AMEX:RYDE) shares moved upwards by 20.27% to $5.22. The market value of their outstanding shares is at $99.7 million. Mynaric (NASDAQ:MYNA) shares increased by 15.61% to $5.48. The market value of their outstanding shares is at $136.6 million. Graphex Gr (AMEX:GRFX) stock rose 14.86% to $0.26. The company's market cap stands at $11.7 million. ESGL

Manitex International (NASDAQ:MNTX) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.06 by 183.33 percent. This is a 142.86 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $73.34 million which beat the analyst consensus estimate of $73.20 million by 0.20 percent. This is a 8.06 percent increase over sales of $67.87 million the same period last year.

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 announced the first deliveries of the recently launched PM 70.5 SP articulated truck mounted crane.The new 70.5 SP articulated crane is the latest enhancement to PM Group's 65 series of articulated cranes with applications for the global market. The 70.5 SP is multi-industry capable, serving heavy industrial, infrastructure, concrete and general construction. The new offering from PM Group is initially being sold in Europe and will be available in

Manitex International (NASDAQ:MNTX) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.14 by 121.43 percent. This is a 244.44 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $78.65 million which beat the analyst consensus estimate of $75.00 million by 4.87 percent. This is a 0.21 percent decrease over sales of $78.82 million the same period last year.

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