Welcome to our dedicated page for Manitex International news (Ticker: $MNTX), a resource for investors and traders seeking the latest updates and insights on Manitex International stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Manitex International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Manitex International's position in the market.
Manitex International, Inc. (Nasdaq: MNTX) reported strong first quarter 2024 results, with net revenue of $73.3 million, a +8.1% increase from the prior year. The company's gross profit was $16.9 million (+17.2%) with a gross margin of 23.0% (+179 basis points). Adjusted EBITDA was $8.4 million (+33.5%), and the company reiterated its full-year 2024 financial guidance. Manitex focuses on operational excellence and cost reductions, enhancing profitability and customer satisfaction.
Manitex International, Inc. (NASDAQ: MNTX) will participate in the Sidoti Micro-Cap Virtual Conference with CEO Michael Coffey and CFO Joseph Doolan. The event offers investors one-on-one meetings with MNTX executives, showcasing their expertise in truck cranes, industrial equipment, and construction equipment rental solutions.
