David Langevin News

Manitex International, Inc. Announce Q1 2014 Results

Manitex International, Inc. (Nasdaq: MNTX), a leading international provider of cranes and specialized material and container handling equipment reported an increase in net revenues of 5.1% in their first quarter 2014. The increase was $62.6 million from $59.6 million for the same period a year ago. First Quarter Net income was $1.9 million, unchanged from the first quarter of 2013 with earnings per share of $0.14 compared to $0.16 per share due to $0.03 per share of expenses related to ConExpo and increased number of shares outstanding. The consolidated backlog at March 31, 2014 increased 29.4% $100.0 million, from $77.3 million at December 31, 2013.