MNTX Manitex International, Inc. featured news, full reports, and detailed charts
Manitex International, Inc. (MNTX) Wrap Up:
The Company is a leading provider of engineered lifting solutions. The Company designs, manufactures and distributes a diverse group of products that serve different functions and are used in a variety of industries. Through its Manitex subsidiary it markets a comprehensive line of boom trucks and sign cranes. Manitex’s boom 1 -------------------------------------------------------------------------------- Table of Contents trucks and crane products are primarily used for industrial projects, energy exploration and infrastructure development, including, roads, bridges and commercial construction. The Manitex Liftking subsidiary sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking’s rough terrain forklifts are used in both commercial and military applications. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f27%2f0001193125-08-067183.html#FIS_BUSINESS"www.manitexinternational.com
190 Employees
Founded in 1993
Manitex International, Inc. (MNTX:NASDAQ)
LAST $1.78 USD
CHANGE TODAY +0.03 1.71%
VOLUME 130.3K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Manitex International, Inc. (MNTX)
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OPEN
$1.75
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PREVIOUS CLOSE
$1.75
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DAY HIGH
$1.79
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DAY LOW
$1.74
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52 WEEK HIGH
10/12/09 - $2.99
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52 WEEK LOW
03/17/09 - $0.39
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MARKET CAP
19.8M
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AVERAGE VOLUME 3 mo
90.0K
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DILUTED EPS TTM
$0.05
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SHARES OUTSTANDING
11.1M
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MNTX Does Not Pay Dividends
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P/E TTM
36.2x
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| K = Thousands M = Millions B = Billions | ||
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MNTX Top Compensated Officers
Mr. David J. Langevin CPA
Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $350.0K
Mr. Andrew M. Rooke
President and Chief Operating Officer
Age: 51
Total Annual Compensation: $275.0K
Mr. David H. Gransee
Chief Financial Officer, Principal Accounting...
Age: 57
Total Annual Compensation: $200.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Manitex International, Inc. (MNTX)
Manitex International, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/11/2009
Manitex International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating loss from continuing operations of $738,000, loss from continuing operations before income taxes of $359,000 and net loss from continuing operations of $147,000 on net revenues of $15,063,000 against operating income from continuing operations of $874,000, income from continuing operations before income taxes of $335,000 and net income from continuing operations of $306,000 on net revenues of $28,542,000 for the same period a year ago. LBITDA from continuing operations for the three months was $0.1 million compared to EBITDA from continuing operations of $1.4 million for the corresponding periods of 2008. Revenues in the third quarter of 2009 were driven by increasing market share in the Manitex business and a small contribution from Badger Equipment. For the nine months, the company reported operating loss from continuing operations of $224,000, loss from continuing operations before income taxes of $556,000 and net loss from continuing operations of $203,000 or $0.02 per diluted share on net revenues of $40,953,000 against operating income from continuing operations of $2,662,000, income from continuing operations before income taxes of $1,171,000, net income from continuing operations of $1,538,000 or $0.15 per diluted share and net income of $1,912,000 or $0.19 per diluted share on net revenues of $78,549,000 for the same period a year ago. EBITDA from continuing operations for the nine months ended September 30, 2009 was $1.6 million compared to $4.1 million for the corresponding periods of 2008. Net cash provided by operating activities was $2,403,000 against net cash used in operating activities of $2,561,000 for the same period a year ago. Purchase of property and equipment was $123,000 against $386,000 for the same period a year ago.
Manitex International, Inc. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on November 11, 2009).
11/11/2009
Manitex International, Inc. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on November 11, 2009).
Manitex International, Inc., Q3 2009 Earnings Call, Nov-11-2009
11/4/2009
Manitex International, Inc., Q3 2009 Earnings Call, Nov 11 2009
MNTX Competitors
| Company | Last | Change |
| Alamo Group Inc | $15.53 USD | -0.07 |
| Cascade Corp | $24.46 USD | +0.80 |
| Gencor Industries Inc | $7.24 USD | +0.14 |
| Wabash National Corp | $1.81 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MNTX | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 0.3x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 234.8x |
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| TEV/Sales | NM | Not Meaningful |
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MNTX |
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MNTX transactions
| Type Date |
Target |
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Merger/Acquisition
July 10, 2009 |
Badger Equipment Company |
More Recent News About Manitex International, Inc.
More news for MNTX
Manitex International, Inc. Launches New Rough-Terrain Crane
BRIDGEVIEW, Ill., Sept. 10 /PRNewswire-FirstCall/ -- Manitex International, Inc. (Nasdaq: MNTX - News), a leading provider of engineered lifting solutions including boom truck cranes, rough-terrain forklifts and special mission oriented vehicles, today announced that its Badger Equipment Co. subsidiary has begun full production of a new 30-ton cab-down style rough-terrain crane and has received seven initial orders totaling approximately $3.0 million from crane dealers and railroad equipment distributors. The first delivery of the new crane will commence during September 2009. Badger unveiled and demonstrated the new rough-terrain crane to numerous dealers and customers at its facility in Winona, Minn., on September 9. This product, and the entire product line, will continue to be sold under Badger's existing brand names, which enjoy a reputation of efficient and superior functionality. Paul Marxen sales manager for Badger Equipment, commented, "The 30-ton cab-down style rough-terrain crane is targeted to niche markets such as railroads, refineries, bridge contractors and heavy industrial users. A unique feature for railroad equipment managers is the ability to have high rail gear integrated at the factory, which simplifies their buying process and reduces lead time to get the crane into the field. It's a product that we...Click here to read the whole Article (external link)
MANITEX INTERNATIONAL, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Fina
Item 1.01. Entry into a Material Definitive Agreement. Company and Comerica Bank Amend Credit Agreements to Extend Maturity Date: Manitex International, Inc. (the "Company") currently has U.S. and Canadian revolving lines of credit as well as a term loan (the "Loan Agreements") with Comerica Bank ("Comerica"). On October 29, 2009, the Company entered into agreements to modify its Canadian revolving credit facility. Set forth below is a summary of each of these amendments and a letter agreement, which are qualified in its entirety by reference to the copies of such amendments and letter agreement attached as Exhibits 10.1, 10.2, 10.3, and 10.4 to this Current Report on Form 8-K and incorporated by reference herein. Amendment No. 5 to the Canadian Note. On October 29, 2009, Manitex LiftKing, ULC ("Manitex LiftKing"), a subsidiary of the Company, and Comerica entered into Amendment No. 5 to the Master Revolving Note in the original principal amount of CDN $3.5 million, dated December 29, 2006, as amended on August 9, 2007, October 18, 2007, June 30, 2008 and July 9, 2009. (the "Canadian Note"). The current amendment increases the Maximum Loan Amount from CDN $ 4.5 million to CDN $5.5 million. Amendment No. 1to the American Note On October 29, 2009, Manitex LiftKing, ULC ("Manitex LiftKing"), a subsidiary of the Company, and Comerica entered into Amendment No. 1 to the Master Revolving Note dated July 9, 2008 (the American Note) which increases the maximum U.S. dollar borrowings to U.S. $5.5 million. Amendment to Advance Formula Agreement On October 29, 2009, Manitex LiftKing, ULC ("Manitex LiftKing"), a subsidiary of the Company, and Comerica entered into an Amendment to Advance Formula Agreement dated Janurary 26, 2009. The amendment increases the overall inventory cap to CDN $3.5 million from CDN $3.0 million. The amendment increases the cap on Work-I...Click here to read the whole Article (external link)
Manitex International, Inc. Will Report 2009 Third Quarter Financial Results on November 11, 2009
BRIDGEVIEW, Ill., Nov. 4 /PRNewswire-FirstCall/ -- Manitex International, Inc (Nasdaq: MNTX - News), a leading provider of engineered lifting solutions including boom truck cranes, rough terrain forklifts and special mission oriented vehicles, announced today that management will announce its 2009 third quarter financial results after market close on Wednesday, November 11, 2009. Management will then host a conference call at 4:30 p.m. Eastern Time to discuss the results with the investment community. Anyone interested in participating should call 877-941-8416 if calling within the United States or 480-629-9808 if calling internationally. A re-play will be available until November 18, 2009, which can be accessed by dialing 800-406-7325 if calling within the United States or 303-590-3030 if calling internationally. Please use passcode 4179977 to access the replay.The call will also be accompanied live by webcast with slides over the Internet and accessible at the Company's corporate website at www.manitexinternational.com.About Manitex International, Inc. Manitex International, Inc. is a leading provider of engineered lifting solutions including cranes, rough terrain forklifts, indoor electric forklifts and special mission oriented vehicles, including parts support. Our Manitex subsidiary manu...Click here to read the whole Article (external link)
MANITEX INTERNATIONAL, INC. Files SEC form 8-K/A, Results of Operations and Financial Condition, Financial Statements
Show all filings for MANITEX INTERNATIONAL, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for MANITEX INTERNATIONAL, INC. 3-Nov-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...Click here to read the whole Article (external link)
Q3 2009 MANITEX INTL INC Earnings Release - After Market Close
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Manitex International, Inc. Announces New Distribution Agreements in The United Arab Emirates and the Kingdom of Saudi Arabia
BRIDGEVIEW, Ill., Nov. 9 /PRNewswire-FirstCall/ -- Manitex International, Inc. (Nasdaq: MNTX - News), a leading provider of engineered lifting solutions including boom truck cranes, rough terrain cranes, rough terrain forklifts and special mission oriented vehicles, today announced a distribution agreement with Darwish Bin Ahmed & Sons (DBA), a well diversified corporation with operations or distribution in 35 countries for distribution of the entirety of Manitex's crane product line throughout the emirates of Abu Dhabi & Al Ainand and The Kingdom of Saudi Arabia. Additionally, Manitex International also reached agreement for distribution throughout Dubai and the Northern Emirates with United Motors & Heavy Equipment L.L.C., also a part of DBA Group. Both of these dealers are authorized sellers of German manufactured MAN trucks, which are recognized worldwide leaders in vocational truck chassis, which will be exclusively used with the Manitex cranes. Scott Rolston, SVP of Sale and Marketing for Manitex International, Inc. commented, "Our international market expansion efforts have been successful, as we have thus far in 2009 realized a 100 percent increase in the business we do outside of North America compared to all of last year. We have received significant original stocking orders with this new customer. And with this new agreement, we believe that there is opportunity for us to double that percentage again in 2010/2011. We look forward to providing our quality products and technology to the DBA Group and enabling t...Click here to read the whole Article (external link)
New Star Analyst Rankings for Manitex International, Inc.
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
Manitex International, Inc. Reports Third Quarter 2009 Results
BRIDGEVIEW, Ill., Nov. 11 /PRNewswire-FirstCall/ -- Manitex International, Inc. (Nasdaq: MNTX - News), a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts and special mission oriented vehicles, today announced third quarter and year-to-date financial results for the period ending September 30, 2009. Third Quarter and Year-to-Date Financial Highlights:Operational Highlights-Chairman and Chief Executive Officer David Langevin commented, "While overall sales were up approximately 27% for the quarter, due to the specific third quarter sales mix that was skewed towards lower capacity cranes and did not include higher margin military and specialized equipment sales our cost of goods sold were higher and the gross margins were lower for the third quarter than our expectations for the fourth and the full year. As announced during the past three months, a significant portion of our backlog is for specialty and military orders which will ship during the fourth quarter of 2009 and the first quarter of 2010. With this visibility, our significant increase in market share along with the hopeful signs we are seeing in our core products and the economy, we are looking forward to a continued increase in sales and profits for 2010."Revenues of $15.1 million in the third quarter of 2009 were driven by increasing market share in the Manitex business and a small contribution from Badger Equipment. This represents a 27.1% increas...Click here to read the whole Article (external link)
MANITEX INTERNATIONAL, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a
Show all filings for MANITEX INTERNATIONAL, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for MANITEX INTERNATIONAL, INC. 17-Nov-2009Results of Operations and Financial Condition, Financial Statements a Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informati...Click here to read the whole Article (external link)
MANITEX INTERNATIONAL, INC. Files SEC form 10-Q, Quarterly Report
Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This quarterly report on Form 10-Q contains forward-looking statements relating to future events and the future performance of Manitex International, Inc. (the "Company") within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the Company's expectations, beliefs, intentions or future strategies that are signified by the words "expects," "anticipates," "intends," "believes" or similar language. Forward-looking statements include, without limitation: (1) projections of revenue, earnings, capital structure and other financial items, (2) statements of our plans and objectives, (3) statements regarding the capabilities and capacities of our business operations, (4) statements of expected future economic conditions and the effect on us and on our customers, (5) expected benefits of our cost reduction measures, and (6) assumptions underlying statements regarding us or our business. Our actual results may differ materially from information contained in these forward looking-statements for many reasons, including those described below and in our 2008 Annual Report on Form 10-K in the section entitled "Item 1A. Risk Factors," (1) substantial deterioration in economic conditions, especially in the United States and Europe; (2) our customers' diminished liquidity and credit availability; (3) difficulties in implementing new systems, integrating acquired businesses, managing anticipated growth, and responding to technological change; (4) our ability to negotiate extensions of our credit agreements and to obtain additional debt or equity financing when needed; (5) the cyclical nature of the markets we operate in; (6) increases in i...Click here to read the whole Article (external link)
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