Manitex International Q2 2023 Earnings Results Conference Call

Manitex International reported second quarter 2023 results with 6% revenue growth driven by organic expansion in rental and lifting equipment segments. The company achieved 250 basis points of year-over-year gross margin expansion to 20.3% through pricing benefits, improved productivity, and increased fixed cost absorption. Strong backlog growth and progress on the Elevating Excellence strategic initiative position Manitex to achieve low double-digit EBITDA growth targets for 2023.