Manitex International Reiterates FY24 Revenue Outlook Of $300M-$310M Vs. $305.6M Estimate; Sees Total Adjusted EBITDA Margin Of 10.1%-10.5%
Portfolio Pulse from Benzinga Newsdesk
Manitex International has reaffirmed its fiscal year 2024 revenue forecast to be in the range of $300 million to $310 million, aligning closely with the analyst estimate of $305.6 million. Additionally, the company anticipates its total adjusted EBITDA margin to be between 10.1% and 10.5%.

May 02, 2024 | 10:08 am
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POSITIVE IMPACT
Manitex International reiterates its FY24 revenue outlook of $300M-$310M, closely matching the $305.6M estimate, with an adjusted EBITDA margin of 10.1%-10.5%.
Reiterating the revenue outlook in line with analyst estimates generally instills confidence in investors, suggesting that Manitex International is on track to meet or exceed financial expectations. The specific mention of adjusted EBITDA margins further supports the company's profitability outlook, likely having a positive impact on investor sentiment and potentially the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100