Northland Capital initiated coverage on Manitex Intl with a new price target
$MNTX
Industrial Machinery/Components
Technology
Northland Capital initiated coverage of Manitex Intl with a rating of Outperform and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | Outperform → Market Perform | Northland Capital | |
| 8/14/2023 | $10.00 | Outperform | Northland Capital |
Leading provider of mobile truck cranes, aerial work platforms, specialized lifting solutions, and construction equipment rentals CLEVELAND, Jan. 7, 2025 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce that Manitex International, Inc. (NASDAQ:MNTX) (Manitex) has completed the acquisition by Tadano Ltd. (TYO:6395) (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 acquired Manitex in an all-cash transaction valued at $223 million at the time of announcement or $5.80 per share, a 52% premium over the closing price for the last trading day prior
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 closing of its acquisition by Tadano Ltd. ("Tadano"). Under the terms of the previously announced agreement, Manitex shareholders are receiving $5.80 in cash for each share of common stock they own. Following the acquisition, Manitex is a wholly owned subsidiary of Tadano, and Manitex's shares are no longer publicly traded. ABOUT MANITEX INTERNATIONAL Manitex International is a leading provider of mobile truck cranes, industria
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 held its special meeting of shareholders (the "Special Meeting") to consider three proposals relating to the previously announced Agreement and Plan of Merger, dated September 12, 2024 (as it may be amended from time to time in accordance with its terms, the "Merger Agreement"), by and among the Company, Tadano Ltd. ("Tadano") and Lift SPC Inc., a wholly owned subsidiary of Tadano ("Merger Sub"). On the terms and subject to the conditions of the
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 announced the appointment of Shinichi Iimura to its Board of Directors, effective January 30, 2024, succeeding Takashi Kiso, who has served as a director since January 30, 2023. Both Mr. Iimura and Mr. Kiso are representatives of Tadano Ltd, the largest equity shareholder of Manitex. Mr. Iimura is currently Chairman of Tadano America Corporation and CEO & President of Tadano America Holdings Inc. Previously, Mr. Iimura was the former Head of T
Paolo Balugani named General Manager of Manitex Valla, a leading electric industrial crane supplier Manitex International (NASDAQ:MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions serving the infrastructure and construction markets, today announced the appointment of Paolo Balugani to General Manager of Manitex Valla, the Company's electric crane division. "We are pleased to announce Paolo will be joining Manitex International to lead our electric industrial crane division, Manitex Valla," said Michael Coffey, Manitex's Chief Executive Officer. "Paolo has over 32 years of expe
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
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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