Loading...
Docoh

Manitex International (MNTX)

Manitex International, Inc. is a leading worldwide provider of highly engineered mobile cranes (truck mounted straightmast and knuckle boom cranes, industrial cranes, rough terrain cranes and railroad cranes), truck mounted aerial work platforms and specialized industrial equipment. Its 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 its customers and provide a competitive advantage. It has consistently added to its 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 its niche market strategy. Its brands include Manitex, PM, MAC, PM-Tadano, Oil & Steel, Badger and Valla.

Company profile

Ticker
MNTX
Exchange
CEO
Steve Filipov
Employees
Incorporated
Location
Fiscal year end
Former names
Veri-Tek International, Corp.
SEC CIK
Subsidiaries
Quantum Value Management LLC—a Michigan limited liability company • Manitex, LLC—a Delaware limited liability company • Manitex, Inc.—a Texas corporation • Badger Equipment Company—a Minnesota corporation • Manitex Sabre, Inc.—a Michigan corporation • Crane and Machinery, Inc.- an Illinois corporation • Crane and Machinery Leasing, Inc.-an Illinois corporation • PM Oil & Steel S.p.A. – an Italian corporation • Manitex Valla S.r.L. • PM Argentina Sistemas De Elevacion S.A.-an Argentinean corporation ...
IRS number
421628978

MNTX stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 16.59M 16.59M 16.59M 16.59M 16.59M
Cash burn (monthly) (no burn) 623.67K 814.92K 314.67K 465.5K
Cash used (since last report) n/a 1.84M 2.41M 929.14K 1.37M
Cash remaining n/a 14.75M 14.18M 15.66M 15.21M
Runway (months of cash) n/a 23.6 17.4 49.8 32.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Sep 22 Joseph Doolan Common Stock Buy Acquire P No No 5.1 1,500 7.65K 53,858
2 Sep 22 Michael Coffey Common Stock Buy Acquire P No No 5.4619 3,000 16.39K 599,500
2 Sep 22 Joseph Doolan Common Stock Buy Acquire P No No 5.4555 1,500 8.18K 52,358
1 Sep 22 Joseph Doolan Common Stock Buy Acquire P No No 5.4055 2,000 10.81K 50,858
2 Jun 22 Joseph Doolan Common Stock Grant Acquire A No No 0 20,000 0 48,858
2 Jun 22 Langevin David J Common Stock Grant Acquire A No No 0 20,000 0 944,779
62.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 37 40 -7.5%
Opened positions 2 3 -33.3%
Closed positions 5 3 +66.7%
Increased positions 15 12 +25.0%
Reduced positions 10 15 -33.3%
13F shares Current Prev Q Change
Total value 163.31M 91.56M +78.4%
Total shares 12.51M 12.57M -0.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
TDNOF Tadano 2.95M $20.83M +0.4%
Royce & Associates 1.45M $9.39M +6.4%
Pacific Ridge Capital Partners 1M $6.51M -11.0%
WealthTrust Axiom 969.47K $6.29M -0.3%
First Wilshire Securities Management 940.04K $6.1M -0.7%
AMP Ameriprise Financial 937.93K $6.09M -2.6%
Rutabaga Capital Management 820.49K $5.33M -1.0%
Vanguard 625.64K $4.06M +0.4%
Dimensional Fund Advisors 433.18K $2.81M 0.0%
Kennedy Capital Management 374.91K $2.43M +0.4%
Largest transactions Shares Bought/sold Change
Pacific Ridge Capital Partners 1M -123.92K -11.0%
Royce & Associates 1.45M +87.47K +6.4%
AMP Ameriprise Financial 937.93K -25.32K -2.6%
First Eagle Investment Management 126.28K +14.1K +12.6%
MS Morgan Stanley 131.58K -11.69K -8.2%
TDNOF Tadano 2.95M +10.75K +0.4%
LPLA LPL Financial 0 -10.15K EXIT
Essex Investment Management 244.59K +8.26K +3.5%
Rutabaga Capital Management 820.49K -8.2K -1.0%
First Wilshire Securities Management 940.04K -6.37K -0.7%

Financial report summary

?
Risks
  • A future substantial deterioration in economic conditions, especially in the United States and Europe, would adversely impact the Company’s results of operations and cash flows.
  • The COVID-19 pandemic has had, and is expected to continue to have, a negative impact on our business, financial condition, cash flows, results of operations and supply chain.
  • Our revenues and profitability are impacted by government spending and fluctuations in the construction industry.
  • The Company may be unable to negotiate extensions of our credit agreements and to obtain additional debt or equity financing when needed.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately and timely report our financial results, which could negatively impact our business, investor confidence, and the price of our common stock.
  • The Company’s business is affected by the cyclical nature of its markets.
  • Our increasingly international operations expose us to additional risks and challenges associated with conducting business internationally.
  • The Company may face limitations on its ability to integrate acquired businesses and manage anticipated growth and may be unable to effectively respond to technological change and implementing new systems.
  • Some of our customers rely on financing with third parties to purchase our products.
  • The Company operates in a highly competitive industry and the Company is particularly subject to the risks of such competition.
  • The Company is dependent upon third-party suppliers, making us vulnerable to supply shortages.
  • Price increases in materials could reduce our profitability.
  • The Company faces product liability claims and other liabilities due to the nature of its business.
  • The Company may be unable to access the capital markets to raise funds and provide liquidity when needed.
  • The Company’s revenues are attributed to limited number of customers which may decrease or cease purchasing any time.
  • The Company depends on its information technology systems. If its information technology systems do not perform in a satisfactory manner or if the security of them is breached, it could be disruptive and or adversely affect the operations and results of operations of the Company.
  • The Company relies on key management.
  • The Company’s principal shareholders, executive officers and directors hold a significant percentage of the Company’s common stock, and these shareholders may take actions that may be adverse to your interests.
  • The trading price of our common stock is highly volatile.
  • The cost of compliance with Section 404 of the Sarbanes-Oxley Act of 2002 may negatively impact the Company’s income.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: added, articulating, attainment, automobile, beneficiary, Carlo, Codification, deal, Decision, estate, forma, found, free, headquartered, HTS, inception, indirect, IRC, lessee, Maker, median, member, Model, Monte, necessarily, newly, noncontrolling, panhandle, partnership, passed, pro, real, requisite, satisfaction, simulation, source, succeeding, trademark, tranche, VIE, weaker
Removed: approve, filipov, March, outbreak, Prepaid, question, recovery, removing, renewed, retain, retention, Sabre, September, steve, vested