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Stock impact report

Manitex International Reports First Quarter 2024 Results [Yahoo! Finance]

Manitex International, Inc. - common stock (MNTX) 
Last manitex international, inc. - common stock earnings: 3/9 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today reported financial results for the three months ended March 31, 2024. FIRST QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $73.3 million, +8.1% Gross profit of $16.9 million, +17.2%; gross margin of 23.0%, +179 basis points Net Income of $2.3 million; Adjusted Net Income of $3.4 million, or $0.17 per diluted share Adjusted EBITDA of $8.4 million, +33.5%; Adjusted EBITDA margin of 11.4%, +218 basis points Net leverage of 2.7x as of March 31, 2024 Reiterated full-year 2024 financial guidance MANAGEMENT COMMENTARY "We delivered a strong first quarter performance, highlighted by 8% year-over-year organic revenue growth and strong margin realization, demonstrating our continued progress under our value creation roadmap detailed within our Elevating Excellence str Show less Read more
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