MNTX - Manitex reports Q4 earnings; initiates FY25 guidance
2023-03-08 06:14:58 ET
- Manitex press release ( NASDAQ: MNTX ): Q4 Non-GAAP EPS of $0.10 beats by $0.03 .
- Revenue of $78.8M (+47.6% Y/Y) in-line.
- Adjusted EBITDA of $8.1M, or 10.3% of net revenue.
- Net leverage of 3.9x; total liquidity increased by nearly $4 million to $36 million versus the third quarter of 2022.
- Backlog increased to $230.2M, +21.8%, on strong North American and European demand.
- Full Year 2025 guidance : Total Revenue of $325M- $360M; Total Adjusted EBITDA of $35M-$45M.
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Manitex reports Q4 earnings; initiates FY25 guidance