Welcome to our dedicated page for Manitex Intl news (Ticker: MNTX), a resource for investors and traders seeking the latest updates and insights on Manitex Intl stock.
Manitex International Inc (MNTX) delivers engineered lifting solutions for industrial and construction sectors worldwide. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access authoritative coverage of MNTX's operational milestones including product innovations, partnership announcements, and market expansion efforts. Our curated collection features verified press releases and objective analysis of earnings reports, leadership changes, and manufacturing advancements.
Key updates span equipment certifications, dealer network growth, and sustainability initiatives within the material handling sector. Bookmark this page for real-time insights into MNTX's position within the $110B industrial machinery market and its specialized boom truck segment leadership.
Manitex International, Inc. (Nasdaq: MNTX) will release its First Quarter 2021 financial results on May 6, 2021, after market close. A public conference call will follow at 4:30 PM ET, hosted by CEO Steve Filipov. Investors can join by dialing 800-683-3233 or +1 303-223-4369 internationally. A replay will be available until May 13, 2021. Manitex specializes in mobile cranes and industrial equipment, serving niche markets with products manufactured in the USA and Europe. The company aims to expand its portfolio through development and acquisitions.
Manitex International (NASDAQ:MNTX) reported its fourth quarter 2020 results, revealing net sales of $45.2 million, down from $53.1 million in Q4 2019. The company faced a net loss of $(1.8 million), compared to a loss of $(0.1 million) in the previous year. However, there was a sequential sales increase of 24% from $36.5 million in Q3 2020. Adjusted EBITDA rose to $1.5 million, and the backlog reached $82.2 million, the highest in over three years. The company paid down $15.5 million in convertible notes, closing the year with $29.9 million in net debt.
Manitex International, Inc. (MNTX) will announce its Fourth Quarter and Full Year 2020 financial results on March 11, 2021, after market close. CEO Steve Filipov will lead a conference call at 4:30 PM ET to discuss these results. Participants can dial 877-407-0792 or 201-689-8263 for international calls. A replay of the call will be accessible until March 18, 2021. Manitex is a leading provider of specialized cranes and industrial equipment, with a focus on niche markets and a commitment to engineering excellence.
Manitex International, Inc. (NASDAQ:MNTX) announced participation in the 33rd Annual Roth Conference from March 15-17, 2021. CEO Steve Filipov and CFO Joe Doolan will hold one-on-one meetings throughout the event.
The conference will take place virtually, with attendees encouraged to request meetings via the Roth online platform. Manitex specializes in mobile cranes and industrial equipment, focusing on niche markets with unique designs and engineering excellence.
Manitex International (NASDAQ:MNTX) reported a significant backlog growth, reaching approximately $82 million as of January 31, 2021. This marks a 34.7% increase from $50.5 million in September 2020. The surge is mainly attributed to the PM Group's articulated cranes and aerial products, which saw a 100% rise in backlog since Q2 2019. Management anticipates higher revenues and margin improvements due to a favorable product mix. Despite the ongoing risks related to COVID-19, the company expresses optimism for growth in 2021.
Manitex International (NASDAQ:MNTX) announced the full repayment of $15.5 million in convertible notes due in December 2020 and January 2021, plus $2 million in European term debt. Funded by $7.8 million in revolver draws, this move is aimed at improving liquidity and financial stability amid the pandemic's challenges. The company expects to reduce net debt to around $30 million by December 31, 2020, the lowest in a decade. Manitex also reported a solid cash position of approximately $30 million and highlighted the benefits from amendments to their US revolving credit facility.
BRIDGEVIEW, IL / ACCESSWIRE / December 29, 2020 - Manitex International, Inc. (NASDAQ:MNTX) announced approximately $2.0 million in orders for new articulated work platforms from European customers, including multinational power company Enel. Deliveries are set to start in the first half of 2021. The orders involve various configurations of the Oil & Steel "O&S" Snake and Snake Plus platforms, with potential for follow-on orders and service provisions. CEO Steve Filipov expressed enthusiasm about these orders, highlighting the product's strength and utility in power and construction sectors.
Manitex International reported third-quarter 2020 results, with net revenues of $36.5 million, down from $50.6 million in Q3 2019. A net loss of $(1.4) million was recorded, less than the $(4.5) million loss in the previous year. Adjusted EBITDA improved to $0.9 million, reflecting a $1.3 million increase from Q2 2020. The company achieved significant backlog growth of 28% since June 30, 2020, totaling $56.6 million. Cash and credit liquidity stands at approximately $41 million, enabling debt repayments. Revenue guidance for Q4 2020 ranges from $40 million to $43 million.
Manitex International (Nasdaq:MNTX) plans to announce its Third Quarter 2020 financial results on November 5, 2020, prior to market opening. CEO Steve Filipov will lead a conference call at 8:30 AM ET to discuss these results with investors. Interested participants can call 800-952-1438 (U.S.) or 312-429-0433 (internationally). A replay will be available until November 12, 2020. Manitex specializes in mobile cranes and industrial equipment, targeting niche markets with engineered products.
Manitex International, Inc. (NASDAQ:MNTX) has appointed Joseph Doolan as Senior Vice President and Chief Financial Officer, effective October 20, 2020. Doolan, a CPA with 25 years of experience in senior financial roles, previously served as VP of Finance at UCI-FRAM, Inc. and held key positions at various financial services firms. CEO Steve Filipov praised Doolan’s technical expertise and leadership. His predecessor, Laura Yu, resigned on October 2, but will remain in a consulting capacity to aid the transition.
