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Last $10.16 USD
Change Today +0.31 / 3.15%
Volume 113.7K
MNTX On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 4:00 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

manitex international inc (MNTX) Snapshot

Open
$9.86
Previous Close
$9.85
Day High
$10.20
Day Low
$9.69
52 Week High
07/23/14 - $17.39
52 Week Low
03/10/15 - $8.37
Market Cap
162.7M
Average Volume 10 Days
110.1K
EPS TTM
$0.68
Shares Outstanding
16.0M
EX-Date
--
P/E TM
14.9x
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’s Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as rough terrain forklifts for use in commercial and military applications. This segment also offers specialty mission oriented vehicles; specialized mobile tanks for petrochemical, waste management, and oil and gas drilling markets; 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. Its ASV segment manufactures and sells compact rubber tracked and skid steer loaders for use in the site clearing, general construction, forestry, and golf course maintenance and landscaping industries. The company’s Equipment Distribution segment distributes rough terrain and truck cranes for infrastructure development and commercial construction, road and bridge construction, general contracting, roofing, scrap handling, and sign construction and maintenance; provides used lifting and construction equipment; and supplies repair parts for medium to heavy duty construction equipment. It sells its products under the Manitex, CVS Ferrari, PM, Badger, Liftking, Load King, Sabre, and Valla brand names in the United States, Canada, Italy, Australia, South Africa, Russia, Peru, Turkey, Egypt, Germany, Mexico, the Czech Republic, Venezuela, the United Arab Emirates, Korea, Brazil, Switzerland, France, and other countries. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. The company was founded in 1993 and is headquartered in Bridgeview, Illinois.

663 Employees
Last Reported Date: 03/16/15
Founded in 1993

manitex international inc (MNTX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $572.4K
President and Chief Operating Officer
Total Annual Compensation: $450.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $278.0K
President of Manufacturing Operations
Total Annual Compensation: $427.4K
Compensation as of Fiscal Year 2014.

manitex international inc (MNTX) Key Developments

Manitex International, Inc. Enters into Amendment No. 1 to its Credit Agreement

Manitex International, Inc. and certain of its subsidiaries currently have a credit agreement with Comerica Bank and Fifth Third Bank. On March 25, 2015, the company and the Banks entered into Amendment No. 1 to the Credit Agreement. The principal modifications to the Credit Agreement resulting from the Amendment are as an additional interest rate option was made available to the Canadian borrower with respect to the Canadian line of credit; the Banks consented to the company's request that it be permitted to prepay $2,000,000 of principal under the company's outstanding term loan with the Banks, which payments would otherwise have been due on each of April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016; and the Consolidated Fixed Charges and Excess Cash Flow requirements under the Credit Agreement shall be calculated assuming the term loan was paid in accordance with the term loan's regular payment schedule.

Manitex International, Inc. Presents at BB&T's 9th Annual Commercial & Industrial Investor Conference, Mar-26-2015

Manitex International, Inc. Presents at BB&T's 9th Annual Commercial & Industrial Investor Conference, Mar-26-2015 . Venue: Biltmore Hotel, Coral Gables, Miami, Florida, United States. Speakers: Andrew M. Rooke, President and Chief Operating Officer.

Manitex International, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Manitex International, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenues of $66.909 million compared to $65.431 million for the same period a year ago. Operating income was $1.736 million compared to $5.020 million for the same period a year ago. Income before income taxes was $0.729 million compared to $4.173 million for the same period a year ago. Net income was $0.336 million or $0.03 per diluted share compared to $2.991 million or $0.22 per diluted share for the same period a year ago. Adjusted EBITDA was $5.3 million or 8.0% of sales, compared to the fourth quarter 2013 of $6.2 million and 9.5% of sales. Adjusted net income was $2.2 million or $0.16 per share, compared to the fourth quarter 2013 net income and earnings per share of $3.0 million and $0.22 respectively. For the year, the company reported net revenues of $264.081 million compared to $245.072 million for the same period a year ago. Operating income was $13.936 million compared to $17.538 million for the same period a year ago. Income before income taxes was $10.643 million compared to $14.447 million for the same period a year ago. Net income was $6.967 million or $0.51 per diluted share compared to $10.178 million or $0.80 per diluted share for the same period a year ago. Net cash used by operating activities was $1.501 million compared to net cash provided by operating activities of $2.076 million for the same period a year ago. Purchase of property and equipment was of $0.924 million compared to $1.215 million for the same period a year ago. Adjusted net income was $8.8 million or $0.63 per share was a decrease of $1.4 million, or $0.17 per share, over 2013. A $19.0 million year over year improvement in revenues resulted in a gross profit increase of $1.8 million which partially offset additional operating expenses of $0.1 million, operating expenses from acquired businesses of $2.9 million, and increased tax expense of $0.2 million. Adjusted net income excludes $2.5 million pre-tax of acquisition related and other costs. Adjusted EBITDA was $20.9 million, or 7.9% of sales, compared to $21.5 million and 8.8% of sales for 2013.

 

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Industry Analysis

MNTX

Industry Average

Valuation MNTX Industry Range
Price/Earnings 19.1x
Price/Sales 0.5x
Price/Book 1.4x
Price/Cash Flow 22.0x
TEV/Sales 0.1x
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