Key Developments: Manitex International Inc (MNTX.PH)
10.50USD
21 May 2013
$-0.35 (-3.23%)
$10.85
$10.50
$10.50
$10.50
100
--
--
--
Latest Key Developments (Source: Significant Developments)
Manitex International Inc Issues FY 2015 Revenue Guidance; Comments On FY 2015 Earnings Guidance
Manitex International Inc announced that for fiscal 2015, it targets sales of $350 million, excluding any acquisitions, with earnings and cash flow consistent with current run rates. Full Article
Manitex International Inc Issues FY 2012 Guidance; Earnings Guidance Below Analysts' Estimates
Manitex International Inc announced that it expects sales to be slightly greater than $200 million, which would represent 40% growth over last year, with earnings per share (EPS) and EBITDA growing by approximately 175 % and 65% respectively for the year. The Company reported EPS of $0.31 and EBITDA of $11.12 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $202 million, EPS of $0.71 and EBITDA of $19 million for fiscal 2012. Full Article
Manitex International Inc Announces $4.125 Million Offering Of Common Stock
Manitex International Inc announced that it has entered into definitive agreements with certain investors to sell an aggregate of 500,000 shares of its common stock, no par value per share, in a registered direct offering for gross proceeds of approximately $4.125 million, before deducting placement agent's fees and offering expenses. The investors have agreed to purchase the shares of common stock for a price of $8.25 per share. The closing of this offering is expected to occur on or about July 17, 2012, subject to the satisfaction of customary closing conditions. The net proceeds from the offering will be used for repayment of long-term indebtedness. Avondale Partners, LLC acted as the exclusive placement agent for the offering. Full Article
Manitex International Inc Announces $6.2 Million In Orders For New Products
Manitex International, Inc announced that it has received $6.2 million in new orders for CVS and Badger Equipment products. Delivery is scheduled for second half 2012 and first half 2013. The CVS order is a follow on order from South Africa for a fleet of new terminal tractors (previously announced on April 11, 2012) which now has reached $8 million for a newly launched product with this dealership. The Badger order is for a new 50155GT 50-ton rubber tracked crane that will be used by an international copper and gold mining company. The order for this crane, which combines the Manitex 50 ton boom and Badger upper crane structure marks the launch of a new product for Badger and Manitex, and adds to the Company's specialized crane offerings. Full Article
Manitex International Inc Comments On FY 2012 Revenue Guidance
Manitex International Inc announced that for fiscal 2012, it expects sales and profits to improve steadily. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $183 million for fiscal 2012. Full Article
Manitex International Inc Announces $5 Million Expansion To US Credit Facility
Manitex International, Inc. announced that was notified by Comerica Bank, that it has been approved for an extension of its credit facility from $22.5 million to $27.5 million, effective February 16, 2012. Substantially all other terms of the agreement remain the same, including the expiration date of April 1, 2015. Full Article
Manitex International Inc Issues Q4 2011 Revenue Guidance In Line With Analysts' Estimates; Raises FY 2011 Revenue Guidance
Manitex International Inc announced that with the momentum of its current business, the Company expect the fourth quarter 2011 revenues to be consistent with the third quarter. The Company also announced that its order rate should provide it with a strong start to fiscal 2012 and leave it with fiscal 2011 total sales results which slightly exceed its previous guidance of $140 million. The Company reported net revenues of $37 million in the third quarter of 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $37 million for the fourth quarter of 2011 and revenues of $140 million for fiscal 2011. Full Article
Manitex International Inc Announces $3.1 Million In New Orders
Manitex International Inc announced that its Manitex Liftking subsidiary was recently awarded orders valued at approximately $3.1 million for specialized material handling equipment from various military and international customers. The orders are scheduled for delivery for the first half of 2012. Full Article
Manitex International Inc Issues FY 2011 Revenue Guidance In Line With Analysts' Estimates
Manitex International Inc announced that for fiscal 2011, it expect net sales to be approximately $140 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $139 million for fiscal 2011. Full Article
Manitex International Inc's Subsidiaries Secures Contract
Manitex International, Inc. announced that its Manitex Liftking subsidiary was recently awarded orders valued at approximately $1.9 million for specialized material handling equipment from two new international military customers, one of which is the Royal Australian Air Force. Additionally, Manitex International's Italian subsidiary, CVS Ferrari srl, recently secured orders for $3.1 million of reach stacker equipment from a port operator in Brazil marking its return to this vibrant and growing market. The large majority of these orders will ship before the end of the year. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
