Manitex International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 04, 2023 at 09:31 am EDT
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Manitex International, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 67.87 million compared to USD 60.42 million a year ago. Net income was USD 0.053 million compared to USD 0.23 million a year ago.
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. 
