MNTX - Manitex stock rises after robust Q4 prelim results

• Manitex International ( NASDAQ: MNTX ) shares surged 10% on Tuesday after the industrial equipment provider reported robust revenue growth for fourth quarter.
• Net revenue is expected to grow 47.6% Y/Y to $78.8M, driven primarily by organic growth in lifting equipment and contributions from the Rabern Rentals business. Analysts expect the firm to generate $70.70M revenue .
• Backlog was $230.2M at quarter-end, 22% from the end of 2021 and up 11% from the end of the third quarter of 2022. The improvement in backlog was driven by favorable trends in key end markets in both North America and International regions.
• Manitex ( MNTX ) will announce financial results for the fourth quarter and full year 2022 before the market opens on March 8, 2023.

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