Manitex Int'l (MNTX) Misses Q1 EPS by 5c
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Manitex International, Inc. Reports First Quarter 2015 Results
May 11, 2015 12:19 PM EDTBRIDGEVIEW, IL -- (Marketwired) -- 05/11/15 -- Manitex International, Inc. (NASDAQ: MNTX), a leading international provider of cranes and specialized material and container handling equipment, today announced first quarter 2015 results.
First Quarter 2015 Financial Highlights:
Net revenues increased 69.2% year-over-year to $105.9 million compared to $62.6 million. Adjusted EBITDA (1)(2) was $8.0 million or 7.6% of sales, compared to $4.7 million or 7.5% of sales. Adjusted net income (1)(2) was $1.5 million or $0.10 per share, compared to net income of $1.9 million or $0.14 per share. Net loss of $0.2 million or $(0.01) per share (inclusive of approximately $3 million in transaction costs)... More