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
8843

Manitex gains in sales, obtains orders


Wednesday, 18 Aug 2010 ( #475 ) - Bridgeview, IL, United States
News Story
Excluding the impact of acquisitions, Manitex International Inc has reported a 29.5% increase in sales for the quarter ended 30 June versus the comparable prior year period.

During 2009, Manitex acquired Load King Trailers in December and Badger Equipment Co in July.

Including the acquisitions, Manitex reports quarterly profit of USD213,000 on sales of USD19.5 million in comparison with a loss of USD117,000 on sales of USD11.8 million last year.

"Our specialty manufacturing strategy is working," says David Langevin, chairman and chief executive officer. "Our plants are running at much better rates of production in comparison to a year ago, and our visibility is good for the rest of the year."

Canada-based dealerships North West Crane Ltd (NWC) of Leduc, Alberta and Cropac Equipment Inc of Oakville, Ontario placed orders totaling USD5 million with Manitex’s boom truck subsidiary in Georgetown, Texas. The NWC order targets support services to the energy sector in western Canada, and the Cropac order involves the general construction segment in eastern Canada.

Manitex says the NWC order represents the largest single purchase of such Manitex products to be delivered to western Canada in more than two years.

On 30 June, Manitex disclosed formation of CVS Ferrari Srl, a new subsidiary for operation of the container handling business in Rovoleti di Cadeo, Italy under an operating agreement with the Ferrari family (Forkliftaction.com News #469).

Shares of Bridgeview-based Manitex trade on the Nasdaq stock market.
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