Manitex International (NASDAQ: MNTX), a global provider of truck cranes and specialized industrial equipment, announced its participation in the Northland Growth Conference on June 25, 2024. CEO Michael Coffey and CFO Joseph Doolan will represent the company at the virtual event. They will also engage in one-on-one meetings with investors who have registered for the conference. For additional information, interested parties are encouraged to contact their Northland salesperson.
Manitex International (NASDAQ: MNTX) has announced the resignation of Shinichi Iimura from its Board of Directors, effective June 17, 2024, due to personal health reasons. He is succeeded by Takashi Fukui, effective June 18, 2024. Fukui, an industry veteran with over 30 years of experience, will support Manitex's Elevating Excellence transformation strategy. His background includes extensive work in global manufacturing, sales, and distribution, primarily with Marubeni and Tadano. Fukui's multinational experience is expected to be a valuable asset to the company's ongoing growth and strategic initiatives.
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.
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