- Manitex will likely see noticeable margin pressure in Q4'21, but orders should be solid, and I'd expect improving volume and margin leverage in the second half of 2022.
- Residential construction and utility activity are healthy now, non-resi should improve later in 2022, and infrastructure spending should drive a multi-year lift in heavy machinery demand.
- Manitex has made arguably underappreciated progress in improving its inherent profitability, and revenue acceleration from 2022 to 2024 should drive noticeably better results.
- This is a high-risk pick, but the prospective returns look attractive.
For further details see:
Manitex Likely To See Some Short-Term Pain, But Long-Term Gains Still In Play