(Adds Outlook)
Manitex International, Inc. (MNTX) has lowered its full-year revenue outlook to $290 million - $300 million from $300 million - $310 million, attributing to the recent order trends.
Q2 Results:
Manitex released earnings for its second quarter that increased from the same period last year
The company's bottom line totaled $1.49 million, or $0.07 per share. This compares with $0.40 million, or $0.02 per share, in last year's second quarter.
Excluding items, Manitex International, Inc. reported adjusted earnings of $2.20 million or $0.11 per share for the period.
The company's revenue for the quarter rose 3.7% to $76.24 million from $73.53 million last year.
Manitex International, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $1.49 Mln. vs. $0.40 Mln. last year.
-EPS (Q2): $0.07 vs. $0.02 last year.
-Revenue (Q2): $76.24 Mln vs. $73.53 Mln last year.
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