Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. It designs, manufactures, and distributes products that are used in various industries. The company also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction. In addition, it manufactures and sells rough terrain cranes and material handling products for construction, municipality, and railroad industries; truck mounted hydraulic knuckle boom cranes; and shipping articulated cranes. The company provides its products under the Manitex, PM, MAC, PM-Tadano, Oil & Steel, Badger, and Valla brands. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.
IPO Year:
Exchange: NASDAQ
Website: manitexinternational.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | Outperform → Market Perform | Northland Capital | |
| 8/14/2023 | $10.00 | Outperform | Northland Capital |
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
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) ("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
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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
Takashi Kiso, a Senior Administrator of the Global Office of Tadano, to join Board of Directors 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 that it has appointed Takashi Kiso to its Board of Directors, effective immediately. Mr. Kiso joins the Manitex Board of Directors, currently serving as Senior Administrator in the Global Office of Tadano Ltd. ("Tadano"). Mr. Kiso has 37 years of experience in the automotive and industrial transportation industries and has held executiv
BRIDGEVIEW, IL / ACCESSWIRE / April 11, 2022 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that it has completed the acquisition of 70% of Rabern Rentals, of Amarillo, Texas for $25.9 million. The acquisition is being financed through a new U.S.-based $85 million credit facility which enhances the company's ability to deploy its resources, globally. Rabern Rentals is a top regional provider of industrial equipment rentals with four locations throughout Texas and 2021 revenues of approximately $21.5 million, EBITDA of $8 million, and a fleet of more than 1,700 machines serving a multitude of end-ma
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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
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