Manitex International Press Releases 2017

Manitex International, Inc. Announces Continued Growth in Orders throughout First Quarter 2017
   

Anticipates Reported Backlog of $60.5 Million for Q1 2017, an Increase of 58.8% Since Year-end
BRIDGEVIEW, Il., April 19, 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.

Manitex International Wins $3.0M Crane Order at CONEXPO 2017
   

Manitex International, Inc. MNTX has received a new order worth $3 million from its long standing dealer of over two decades, Coastline Equipment. Per the order, Manitex will deliver 24 Manitex cranes in 2017 and beyond to expand Coastline Equipment’s rental fleet as well as for retail sales.
The order consists of a broad mix of Manitex CM Series and TC Series line of straight-mast boom trucks and truck-mounted cranes, ranging in lifting capacity from 19 to 40 tons.

Manitex International, Inc. Reports Fourth Quarter and Full Year 2016 Results
   

Bridgeview, IL, March 6, 2017 — Manitex International, Inc. (Nasdaq: MNTX), a leading international provider of truck and knuckle boom cranes and compact track loaders, today announced Fourth Quarter and Full Year 2016 results.
Net revenues for the fourth quarter were $65.0 million compared to $76.1 million in the prior year’s period and GAAP net loss attributable to shareholders of Manitex International was $(14.3) million, or $(0.88) per share compared to a net loss attributable to shareholders of Manitex International of $(5.5) million, or $(0.34) per share in the fourth quarter of 2015. The Company reported a fourth quarter net loss from continuing operations attributable to shareholders of Manitex International of $(7.0) million or $(0.44) per share, compared to net loss from continuing operations attributable to shareholders of Manitex International of $(3.8) million or $(0.24) per share for the three months ended December 31, 2015. Adjusted net income* of $0.3 million or $0.02 per share for the fourth quarter of 2016 compared to adjusted net loss of $(2.1) million or $(0.13) for fourth quarter 2015.

Manitex International, Inc. Announces Strategic Alternatives Being Considered for A.S.V., LLC
   

BRIDGEVIEW, IL, January 23, 2017 - Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized equipment, announced today that its Board of Directors is considering strategic alternatives for A.S.V., LLC, its joint venture with Terex Corporation (NYSE:TEX), to realize maximum value for Manitex shareholders. The Board's review will include the possibility of a sale of all or a portion of ASV or Manitex’s ownership stake (51%) in ASV, as well as the possibility of ASV becoming a public company.