Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19786/lynad/news_adclick.asp?assid=19787/lynad/news_adclick.asp?assid=19788/lynad/news_adclick.asp?assid=19789/lynad/news_adclick.asp?assid=19796
Ads
11469

Manitex boosts sales, profits, backlog


Wednesday, 16 May 2012 ( #565 ) - Bridgeview, IL, United States
News Story
Manitex International Inc reports significantly higher sales, profits and backlog for the first quarter ended 31 March.

Consolidated backlog increased 179% to USD133.3 million from the comparable quarter of 2011.

Manitex reports profit of USD1.3 million on first quarter sales of USD42.8 million – up from a profit of USD442,000 on sales of USD31.7 million for the comparable 2011 period.

"The momentum in our business that led to record levels of sales, EBITDA and backlog in 2011 continues to move us forward in 2012," says David Langevin, chairman and chief executive officer.

"With our increasing backlog, output expansion and strong niche in the North American energy market, we expect our sales and profits to improve steadily throughout 2012," Langevin notes. "Boom truck bookings are now taking us into 2013 deliveries."

Andrew Rooke, president and chief operating officer, comments: "Our first quarter output expansion was in line with our expectations and provided a sequential quarterly increase of 17% in revenues, allowing us to report a company record in quarterly sales."

Publicly traded Bridgeview-based Manitex provides engineered lifting solutions including cranes, reach stackers and associated container handling equipment, rough-terrain forklifts, indoor electric forklifts and special-mission-oriented vehicles.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x