Last $14.97 USD
Change Today -0.34 / -2.22%
Volume 139.6K
MNTX On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 8:10 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

manitex international inc (MNTX) Snapshot

Open
$15.29
Previous Close
$15.31
Day High
$15.49
Day Low
$14.90
52 Week High
03/11/14 - $17.85
52 Week Low
08/28/13 - $10.00
Market Cap
206.9M
Average Volume 10 Days
78.9K
EPS TTM
$0.80
Shares Outstanding
13.8M
EX-Date
--
P/E TM
18.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MANITEX INTERNATIONAL INC (MNTX)

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manitex international inc (MNTX) Details

Manitex International, Inc. provides engineered lifting solutions. The company operates through two segments, Lifting Equipment and Equipment Distribution. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are primarily used for industrial projects and energy exploration, as well as for infrastructure development, including roads, bridges, and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries. This segment also provides rough terrain forklifts for use in commercial and military applications; specialty mission oriented vehicles; and other specialized carriers, heavy material handling transporters, and steel mill equipment, as well as specialized custom trailers and hauling systems used for transporting heavy equipment. The Equipment Distribution segment distributes rough terrain and truck cranes, boom trucks, and sky cranes for infrastructure development and commercial construction, road and bridge construction, general contracting, roofing, scrap handling, and sign construction and maintenance; supplies repair parts for various medium to heavy duty construction equipment; provides used lifting and construction equipment; and offers repair services. Manitex International, Inc. sells its products primarily in the United States, Canada, Italy, Australia, South Africa, Russia, Peru, Turkey, Egypt, Germany, Mexico, the Czech Republic, Venezuela, the United Arab Emirates, and Algeria. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.

501 Employees
Last Reported Date: 03/11/14
Founded in 1993

manitex international inc (MNTX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $721.5K
President and Chief Operating Officer
Total Annual Compensation: $567.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $411.7K
President of Manufacturing Operations
Total Annual Compensation: $538.7K
Compensation as of Fiscal Year 2013.

manitex international inc (MNTX) Key Developments

Manitex International, Inc., PM Group S.p.A. - M&A Call

To discuss the transaction in further detail and conduct a question and answer (Q&A) session

Manitex International, Inc. Announces Amendment to Lease Agreement with KB Building, LLC

On May 28, 2010, Manitex International, Inc. announced that it has entered into a lease agreement with KB Building, LLC. Under the terms of the lease, the company leases land and building located at 9725 South Industrial Drive, Bridgeview, Illinois 60455. The lease had an initial six year term and provides for six one year extension periods. Due to the related-party aspect of transaction, the transaction and the original lease agreement were approved by the audit committee of the company’s board of directors. On June 6, 2014, the lease was amended to lengthen the initial lease term from six years to 10 years and to modify the lease so that the six one year extension periods begin after ten years instead of six years. Due to the related-party aspect of this transaction, the lease amendment was approved by the audit committee of the company’s board of directors.

Manitex International Announces Consolidated Earnings Results for the First Quarter March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year 2014

Manitex International announced consolidated earnings results for the first quarter March 31, 2014. For the quarter, the company's net revenues rose 5.1% to $62.6 million, from $59.6 million in the year ago period. Net income was $1.9 million, unchanged from the first quarter of 2013 with earnings per share of $0.14 compared to $0.16 per share due to $0.03 per share of expenses related to ConExpo and increased number of shares outstanding. EBITDA of $4.7 million, or 7.5% of sales, increased 14.6% from $4.1 million and 6.9% of sales in the prior year's period. The company expects significantly improved results for the second quarter and for the remainder of 2014, with higher sales, and gradual improvement in gross margin, EBITDA and net income. More specifically, planned production increases should result in revenues in excess of $70 million in the second quarter with EBITDA margins recovering to more normalized historical levels. For the full year, and not taking into account any potential acquisitions, it would thus, expect sales growth and profit growth to continue year over year at a more rapid pace than what it saw in the first quarter.

 

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Industry Analysis

MNTX

Industry Average

Valuation MNTX Industry Range
Price/Earnings 19.8x
Price/Sales 0.9x
Price/Book 2.4x
Price/Cash Flow 20.9x
TEV/Sales 0.6x
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