Manitex Q1 revenue $73.3M (+8.1% YoY); adj. EBITDA margin 11.4% (+218 bps)

Manitex International, Inc.

2024-Q1 EPS reported $0.11 revenue$73,343,000

Net revenue $73.3M (+8.1%); gross profit $16.9M (+17.2%); gross margin 23.0%.
Adjusted EBITDA $8.4M (+33.5%); margin 11.4% vs 9.3% a year ago.
Net income $2.3M ($0.11 diluted EPS); adjusted EPS $0.17.
Backlog $154.2M; net debt/adjusted EBITDA 2.7x, down from 2.9x Q4 2023.
Reiterated FY2024 guidance: revenue $300-$310M, adj. EBITDA $30-$34M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Manitex International, Inc. updated its the three months ended March 31, 2024 guidance (reaffirmed).

Period: the three months ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2024, Manitex International, Inc. (the “Company”) issued a press release announcing its unaudited financial results for the first quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0001193125-24-127916

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