Manitex International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 06:00 am EDT
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Manitex International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 73.53 million compared to USD 69.58 million a year ago. Net income was USD 0.404 million compared to net loss of USD 2.26 million a year ago. Basic earnings per share from continuing operations was USD 0.02. Diluted earnings per share from continuing operations was USD 0.02.
For the six months, sales was USD 141.41 million compared to USD 130 million a year ago. Net income was USD 0.457 million compared to net loss of USD 2.03 million a year ago. Basic earnings per share from continuing operations was USD 0.02. Diluted earnings per share from continuing operations was USD 0.02.
Manitex International, Inc. is an international provider of mobile truck cranes, industrial lifting solutions, aerial work platforms, construction equipment and rental solutions that serve general construction, crane companies, and heavy industry. The Company engineers and manufactures its products in North America and Europe, distributing through independent dealers worldwide. The Companyâs segments include Lifting Equipment and Rental Equipment. The Lifting Equipment segment markets a comprehensive line of boom trucks, truck cranes and sign cranes, including via its partially and wholly owned subsidiaries and distributors. Its boom trucks and crane products are primarily used for industrial projects, energy exploration and infrastructure development. The Rental Equipment segment rents heavy duty and light duty commercial construction equipment, mainly to commercial contractors on a short-term rental basis. Its brands include Manitex, PM, Oil & Steel, Valla, and Rabern Rentals.
MANITEX INTERNATIONAL, INC. 
