Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Instagram Outage Disrupts Thousands of U.S. Users 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
BRIDGEVIEW, Ill., April 18, 2017 -- Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and compact track loaders, today announced continued strength in orders for its crane divisions, and anticipates announcing reported backlog of $60.5 million for the period ended March 31, 2017, growing from $38.1 million as of December 31, 2016.
Order activity in 1Q’17 was particularly strong in the North American Lifting Segment and was driven, in part, by market share gains and new products, such as the 2085T and TC450, which were on display at the 2017 Conexpo show in Las Vegas, Nevada. The company’s book-to-bill ratio was 1.3 during 1Q’17, with build rates for the company’s North American factories scheduled to increase in the second quarter, supporting management’s plan for expansion and higher levels of financial performance in 2017.
“We continue to see order strength across our crane product groups,” said Steve Kiefer, EVP of Sales and Marketing for Manitex International. “We are excited to see increasing orders for our PM and new Manitex products serving the construction industry, as well as a modest increase in order activity for larger-tonnage Manitex products serving the energy sector.”
About Manitex International, Inc.
Manitex International, Inc. is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex, PM, Badger, Sabre, and Valla. ASV, our Joint Venture with Terex Corporation, manufactures and sells a line of high quality compact track and skid steer loaders.
Contact: Manitex International, Inc. David Langevin Chairman and Chief Executive Officer (708) 237-2060 [email protected] Darrow Associates, Inc. Peter Seltzberg, Managing Director Investor Relations (516) 419-9915 [email protected]
