Manitex International, Inc. a Leading Provider of Engineered Lifting Solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented vehicles and specialized engineered trailers, today announced fourth quarter and full year 2009 results. Manitex International Inc. trades on the “NASDAQ” under the stock symbol “MNTX”. For More information regarding the “MNTX", make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Manitex International, Inc. (
For the fourth quarter of 2009, the Company reported net income of $3.8 million, or $0.34 per share, compared to net income of $0.3 million or $0.03 per share for the fourth quarter of 2008. Included in the results for the fourth quarter of 2009 is a bargain purchase gain of $2.9 million from the acquisition of Load King. For the 12 months ended December 31, 2009 the Company reported net income of $3.6 million, or $0.33 per share, compared to net income of $2.2 million or $0.21 per share for the full year 2008. Included in the results for the full year of 2009 are bargain purchase gains of $3.8 million from the acquisition of Badger and Load King.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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