Manitex International Reports First Quarter 2024 Results
Manitex International, Inc. (Nasdaq: MNTX) ("Manitex" or the "Company"), a leading international 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.
- Manitex International, Inc. (Nasdaq: MNTX) ("Manitex" or the "Company"), a leading international 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.
- Lifting Equipment Segment revenue was $66.0 million during the first quarter 2024, an increase of 7.9%, versus the prior-year period.
- Operating income was $4.9 million for the first quarter 2024, compared to $2.6 million for the same period last year.
- Net leverage was 2.7x at the end of the first quarter 2024, down from 2.9x at the end of fourth quarter 2023.