Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
Manitex International Inc (MNTX) Surpasses Analyst Revenue Forecasts in Q1 2024
Revenue: Reported $73.3 million, up 8.1% year-over-year, slightly above the estimate of $73.2 million.Net Income: Achieved $2.3 million, significantly above the estimated $1.2 million.Earnings Per Share (EPS): Recorded at $0.11, far above the estimated $0.06.Gross Profit Margin: Increased to 23.0%, up from 21.2% in the prior year period, reflecting improved manufacturing throughput and cost efficiencies.Operating Income: Rose to $4.9 million from $2.6 million year-over-year, with operating margin improving to 6.7% from 3.8%.Adjusted EBITDA: Grew 33.5% to $8.4 million, representing 11.4% of sales, driven by strong margin performance and operational efficiencies.Backlog: Ended the quarter at $154.2 million, down from $170.3 million at the end of the previous fiscal year, indicating robust future revenue potential despite a slight decrease.
Warning! GuruFocus has detected 4 Warning Signs with MNTX.