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Manitex International (MNTX)
NASDAQ:MNTX
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.13Last Year’s EPS
$0.31Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 0.53%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in adjusted EBITDA and improvements in gross margins, alongside strong performance in the Rental segment and successful debt reduction efforts. However, challenges such as slowed order intake, a decline in backlog, and a lowered full-year revenue guidance indicate some cautionary trends due to macroeconomic factors like interest rates.Company Guidance
During the Manitex International Q2 2024 earnings call, CEO Michael Coffey provided comprehensive guidance, highlighting a robust second quarter performance driven by the company's Elevating Excellence strategy. Manitex achieved nearly 20% year-over-year growth in adjusted EBITDA, reaching 10.6% of revenues, with a trailing 12-month adjusted EBITDA of approximately $33 million. Despite challenges from high interest rates affecting order intake and backlog levels, Manitex remains confident in its long-term market drivers and is actively expanding its dealer network. The Rental segment saw a 15% revenue increase, while the Lifting Equipment segment grew by 2%, driven by North American operations. Gross margins improved by 220 basis points year-over-year, thanks to increased manufacturing throughput and lower material costs. However, due to recent order trends, the company lowered its 2024 revenue guidance to $290-$300 million but maintained its adjusted EBITDA outlook of $30-$34 million. CFO Joseph Doolan added that net revenue for Q2 was $76.2 million, a 3.7% increase from the previous year, with improved operating income and margins. Net debt reduction and strong cash flow were also emphasized as part of the company's disciplined financial management.Strong Adjusted EBITDA Growth
Adjusted EBITDA grew nearly 20% year-over-year, with a margin expansion of 137 basis points to 10.6% of revenues.
Rental Segment Performance
Rental segment revenues increased by 15%, driven by geographic and fleet expansions, particularly in North Texas markets.
Gross Margin Improvement
Second quarter gross margins increased by 220 basis points, driven by increased manufacturing throughput and lower material costs.
Net Debt Reduction
Net debt was reduced by over $2 million during the quarter, improving net leverage to 2.5x.
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MNTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MNTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.70 | $5.71 | +0.18% |
| Aug 07, 2024 | $4.71 | $4.32 | -8.28% |
| May 02, 2024 | $5.20 | $5.83 | +12.12% |
| Feb 29, 2024 | $6.60 | $6.84 | +3.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Manitex International (MNTX) report earnings?
Manitex International (MNTX) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Manitex International (MNTX) earnings time?
Manitex International (MNTX) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MNTX EPS forecast?
MNTX EPS forecast for the fiscal quarter 2024 (Q4) is $0.13.
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