Manitex International Expects FY24 Revenues Of $300M-$310M (Vs. $305.6M Est.); Adjusted EBITDA Of $30M-$34M
Portfolio Pulse from Benzinga Newsdesk
Manitex International projects its FY24 revenues to be between $300M-$310M, aligning closely with the estimated $305.6M. The company also forecasts its adjusted EBITDA to range from $30M-$34M.
February 29, 2024 | 11:12 am
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Manitex International expects FY24 revenues of $300M-$310M, closely aligning with the $305.6M estimate, and forecasts adjusted EBITDA of $30M-$34M.
The projection of FY24 revenues and adjusted EBITDA by Manitex International closely aligns with market estimates, indicating a positive outlook for the company. This alignment with expectations suggests a stable financial performance, which is likely to be viewed positively by investors and could lead to a short-term increase in the stock price.
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IMPORTANCE 90
RELEVANCE 100