-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of the earliest event reported) June 13,
2019
MANITEX INTERNATIONAL, INC. (Exact Name of Registrant as
Specified in Its Charter)
Michigan 001-32401 42-1628978
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
9725 Industrial Drive, Bridgeview, Illinois 60455
(Address of Principal Executive Offices) (Zip Code)
(708) 430-7500
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the
following provisions:
☐ Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, no par value MNTX The NASDAQ Stock Market LLC
Preferred Share Purchase Rights N/A The NASDAQ Stock Market
LLC
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any
new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
-
Item 7.01 Regulation FD Disclosure
On June 13, 2019, the Company posted a slide presentation on its
website. This slide presentation is incorporated herein by
reference.
The information under Item 7.01 in this Current Report on Form
8-K, including the exhibits hereto, is being furnished and shall
not be deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
Section. The
information under Item 7.01 in this Current Report on Form 8-K
will not be incorporated by reference into any registration
statement or other document
filed by the Company under the Securities Act of 1933, as
amended, unless specifically identified therein as being
incorporated by reference. The
furnishing of the information under Item 7.01 in this Current
Report on Form 8-K is not intended to, and does not, constitute a
determination by the
Company that the information under Item 7.01 in this Current
Report on Form 8-K is complete or that investors should consider
this information before
making an investment decision with respect to any security of
the Company.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell Company Transactions.
Not applicable.
(d) Exhibits.
99.1 Manitex International, Inc. slide presentation posted on
Company website June 13, 2019.
-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Company has duly caused this report to be signed on its
behalf by the
undersigned thereunder duly authorized.
MANITEX INTERNATIONAL, INC.
By: /s/ DAVID J. LANGEVIN
Name: David J. Langevin
Title: Chairman and Chief Executive Officer
Date: June 13, 2019
-
MA
NIT
EX
IN
TE
RN
AT
IO
NA
L, IN
C. N
AS
DA
Q: M
NT
X C
orp
orate P
resen
tatio
n Ju
ne 2
01
9 E
xh
ib
it 9
9.1
-
Fo
rw
ard-L
oo
king
S
tatem
en
t an
d N
on-G
AA
P M
easu
res S
afe
Harbo
r S
ta
tem
en
t un
der th
e U
.S
. P
riv
ate
Secu
rities L
itig
atio
n R
efo
rm
A
ct o
f 1
99
5: T
his p
resen
ta
tio
n co
ntain
s s
tatem
ents th
at are forw
ard-lo
ok
in
g in
n
atu
re w
hich
exp
ress th
e b
eliefs a
nd
ex
pectatio
ns o
f m
an
age
me
nt i
nclud
in
g statem
en
ts reg
ard
ing
th
e C
om
pan
y’s ex
pected
resu
lts of o
pera
tio
ns o
r liqu
id
ity
; statem
en
ts co
ncern
in
g pro
jectio
ns, pred
iction
s, e
xp
ecta
tio
ns, estim
ates o
r forecasts a
s to
ou
r b
usin
ess, finan
cial an
d o
peratio
nal resu
lts an
d fu
tu
re eco
no
mic p
erform
an
ce; a
nd
statem
en
ts o
f m
an
age
me
nt’s go
als an
d o
bjectives an
d o
th
er sim
ilar exp
ressio
ns co
ncern
ing
m
atters th
at are n
ot h
isto
rical facts. In
so
me cases, y
ou can
id
en
tify
forw
ard
-lo
ok
ing
statem
en
ts b
y term
in
olo
gy
su
ch
as “a
nticip
ate,” “estim
ate,” “p
lan
,” “p
roject,” “co
ntin
uin
g,” “o
ng
oin
g,” “ex
pect,” “w
e b
elie
ve,” “w
e in
ten
d,” “m
ay
,” “w
ill,” “sh
ou
ld
,” “cou
ld
,” an
d sim
ilar ex
pressio
ns. S
uch
statem
ents are b
ased
o
n cu
rren
t p
lan
s, estim
ates a
nd
ex
pectatio
ns an
d in
vo
lv
e a n
um
ber o
f kn
ow
n an
d u
nk
no
wn risks, un
certainties an
d othe
r facto
rs t
hat cou
ld
cau
se the C
om
pan
y's
fu
tu
re resu
lts, perfo
rm
anc
e or ach
iev
em
en
ts t
o d
iffer sig
nifican
tly
fro
m t
he results, p
erform
an
ce o
r ach
iev
em
en
ts ex
pre
sse
d o
r im
plied
by
such
fo
rw
ard
-loo
kin
g s
tatem
en
ts. T
he
se facto
rs an
d add
itio
nal i
nfo
rm
atio
n are discu
ssed
in the C
om
pan
y's
filin
gs w
ith
th
e S
ecu
rities an
d E
xch
an
ge C
om
missio
n an
d statem
en
ts in
this p
resen
tation
sh
ou
ld
be ev
alu
ate
d in
lig
ht o
f t
he
se im
po
rtan
t fa
cto
rs. A
lth
ou
gh
w
e b
elie
ve that t
hese statem
en
ts are b
ased u
po
n reason
ab
le assu
mp
tio
ns, w
e can
no
t gu
aran
tee fu
tu
re re
su
lts. F
orw
ard-lo
ok
in
g statem
en
ts sp
eak
on
ly
as o
f th
e d
ate o
n w
hic
h th
ey
are m
ad
e, and
th
e C
om
pan
y un
dertak
es n
o ob
ligatio
n to
u
pdate pu
blicly o
r re
vise an
y f
orw
ard
-lo
ok
in
g sta
tem
en
t, w
heth
er a
s a resu
lt o
f n
ew
in
form
ation
, fu
ture d
ev
elo
pm
en
ts o
r oth
erw
ise. N
on
-G
AA
P M
easures: M
an
itex
In
tern
atio
na
l fro
m tim
e to
tim
e refers t
o v
ario
us n
on-G
AA
P (g
en
erally
accep
ted
acco
untin
g p
rin
cip
les) fin
an
cial m
ea
su
res in
th
is p
rese
nta
tio
n. M
anitex
believ
es th
at th
is info
rm
atio
n is u
se
fu
l to
u
nderstan
din
g its o
peratin
g results w
itho
ut th
e im
pact o
f sp
ecial item
s. S
ee
Man
itex
’s Q
1 2
01
9 earn
in
gs re
lease
on
th
e Inv
esto
r R
elation
s section
o
f o
ur w
eb
site w
ww
.man
itexinternatio
nal.c
om
fo
r a
descrip
tio
n a
nd
/o
r reco
nciliatio
n o
f th
ese m
easu
res. N
AS
DA
Q : M
NT
X
-
Man
itex
In
te
rn
ation
al is a lead
in
g pro
vid
er o
f straigh
t-m
ast an
d k
nu
ckle bo
om
cran
es an
d o
th
er sp
ecialized
eq
uipm
ent fo
r niche
ind
ustrial ap
plicatio
ns; M
anitex
has its a
sse
mb
ly
facilities l
oc
ated
in
North
A
meric
a and
E
urop
e an
d pro
du
cts are p
rim
arily
so
ld th
rou
gh
in
dep
en
den
t de
alers, w
orld
wid
e. O
VE
RV
IE
W N
AS
DA
Q : M
NT
X
-
Co
mp
any
T
im
eline
NA
SD
AQ
: M
NT
X 2
00
2 2
00
3 20
06
20
07
20
08
20
09
MA
RC
H M
anito
wo
c (N
YS
E:M
TW
) ac
qu
ires G
rov
e JA
NU
AR
Y M
an
ito
wo
c d
iv
ests M
an
itex
(M
an
ito
wo
c T
ex
as) JU
LY
M
an
itex
m
erg
es in
to
V
eri-T
ek
, Intl. (V
CC
) N
OV
EM
BE
R V
eri-T
ek
A
cq
uires L
iftK
in
g J
UL
Y V
CC
acq
uires N
ob
le fo
rk
lift M
AY
N
am
e c
han
ged
to
M
an
itex
Intern
ation
al a
nd
listed
on
N
asd
aq
(M
NT
X) O
CT
OB
ER
C
rane
& M
achine
ry
an
d S
ch
aeff F
orklift acq
uired
JU
LY
A
cq
uires B
ad
ger E
qu
ip
men
t C
o. D
EC
EM
BE
R A
cqu
ires L
oa
d K
ing
T
raile
rs JU
LY
C
VS
O
peratin
g A
greem
en
t 20
10
JU
LY
Clo
se
s A
cq
uisitio
n o
f C
VS
2
011
2
013
JU
LY
A
cq
uires S
abre M
anu
factu
rin
g L
LC
N
OV
EM
BE
R A
cq
uires V
alla
Sp
A o
f P
iacen
za, Italy
2
01
4 D
EC
EM
BE
R C
lo
ses agreem
ent w
ith
T
erex fo
r 51
% of A
SV
2
01
5 JA
NU
AR
Y C
lo
ses on
P
M G
rou
p S
pA
tran
sa
ctio
n D
EC
EM
BE
R A
nn
ou
nces s
ale o
f L
oa
d K
ing
trailers 2
01
6 O
CT
OB
ER
A
nn
oun
ces sale of L
iftK
ing
D
EC
EM
BE
R A
nn
ou
nces sale o
f C
VS
Ferrari; R
efinan
cin
g o
f A
SV
M
AY
A
nn
ou
nces s
pin
-o
ff/IP
O o
f A
SV
2
01
7 20
18
F
EB
RU
AR
Y S
ells ½
o
f rem
ain
in
g A
SV
shares M
AY
Ann
ou
nc
es $
32.7
M
T
ad
an
o In
vestm
en
t 2
01
9 M
AY
A
nn
ou
nced
first o
rd
er to T
ad
an
o fo
r P
M/M
an
itex
b
oo
mtru
ck
s fo
r A
sian
m
ark
ets
-
Grow
th
Strateg
y N
AS
DA
Q : M
NT
X $
242
M R
EV
S 1
9%
G
M $1
8M
A
dju
sted
EB
IT
DA
7.2
% A
djusted
E
BIT
DA
M
arg
in $
30
0M
- $
35
0M
R
EV
S 20
% - 2
2%
G
M $3
0M
- $4
0M
A
dju
sted
EB
IT
DA
1
0%
+ E
BIT
DA
M
arg
in
W
HE
RE
W
E A
RE
T
OD
AY
W
HE
RE
WE
’L
L B
E IN
2-3
YR
S C
ontinu
ed
h
ig
h le
vel o
f d
em
an
d fo
r crane
s an
d ind
ustria
l eq
uip
men
t R
etu
rn to
“m
id
-cy
cle” p
erform
an
ce an
d on
go
in
g rep
lace
ment c
ycle dem
an
d for straig
ht-m
ast cran
es N
ew
P
ro
ducts P
M g
ro
wth
in
N
orth
Am
erica an
d R
est of W
orld
thro
ugh
T
ad
an
o partn
ership
-
Straig
ht-M
ast a
nd
K
nu
ck
le B
oo
m C
ran
es O
UR
P
RIM
AR
Y P
RO
DU
CT
S S
eries P
M K
NU
CK
LE
B
OO
M C
RA
NE
S S
eries P
L D
IS
TR
IB
UT
IO
N C
RA
NE
S S
eries S
C S
KY
C
RA
NE
S S
eries T
C S
TR
AIG
HT
-M
AS
T C
RA
NE
S S
eries T
M T
RA
CT
OR
M
OU
NT
C
RA
NE
S S
eries O
S A
ER
IA
L W
OR
K P
LA
TF
OR
MS
N
AS
DA
Q : M
NT
X
-
Our P
rim
ary
R
eg
io
ns W
OR
LD
WID
E S
ER
VIC
E 2
3%
W
estern an
d E
astern E
uro
pe 6
1%
N
orth
an
d C
en
tral A
me
rica 3%
M
id
dle E
ast 11
% S
outh A
me
rica 2%
A
sia an
d A
fric
a N
AS
DA
Q : M
NT
X
-
Q1 2
01
9 U
pd
ate N
ET
R
EV
EN
UE
$
57.4
M is 1.3
% c
om
pared
to
20
18
AD
JU
ST
ED
E
BIT
DA
IN
CR
EA
SE
D 1.9
% t
o $
3.8M
fro
m $
3.7
m
illio
n in
20
18
N
ET
D
EB
T L
EV
EL
at $
49.6
M
as o
f M
arch
3
1, 2
019
Q
1 2
01
9 B
oo
k to
bill ratio
w
as 1
.1
4:1 B
ack
lo
g as o
f M
arch 3
1, 20
19
w
as $
75
M C
on
tin
ued p
ro
gress w
ith
Tadan
o p
artn
ersh
ip
in ex
pan
din
g P
M’s in
tern
atio
nal d
istribu
tio
n N
AS
DA
Q : M
NT
X
-
Wh
y w
e are h
ere tod
ay
IN
VE
ST
ME
NT
C
ON
SID
ER
AT
IO
NS
T
ada
no
eq
uity
in
vestm
en
t afford
s m
assive n
ew
m
ark
et o
ppo
rtu
nities for P
M, i
ntern
ation
ally T
ad
an
o lack
ed
a kn
uck
le b
oo
m cran
e for th
eir g
lo
bal p
ro
du
ct o
fferin
g P
M h
as l
ess t
ha
n 5
% m
ark
et sha
re o
f a m
arke
t th
at is 2
0x
the size o
f the
No
rth A
me
rican
straig
ht-m
ast m
ark
et 2
018
sa
les o
f $2
42
m
illio
n represen
ts 1
4%
g
row
th
and
b
ack
lo
g a
s o
f 3
/3
1/2
01
9 o
f $
75
m
illio
n N
et d
eb
t o
f $
49
.6 m
illio
n n
ear lev
els prio
r to
20
14
A
SV
an
d P
M tran
sactio
ns; le
verag
e ratio
s are
at h
isto
ric lo
ws and
w
ell w
ith
in
co
vena
nts M
arg
in
P
rofile ha
s d
ra
matically im
pro
ve
d D
ive
stitures: n
on
-cran
e bu
sin
ess w
ith
<
4%
Adj. E
BIT
DA
marg
in
w
ere sold w
ith
an ag
greg
ate sales o
f $
90
M an
d co
rresp
on
ding
E
BIT
DA
red
uctio
n o
f $
4M
In
crem
en
tal g
ro
ss m
arg
in
fo
r cran
e p
ortfo
lio is in
exce
ss o
f 2
5%
S
tea
dy
in
crease i
n m
ark
et share in
straig
ht-m
ast cran
es la
st 5
ye
ars; p
oten
tial to
tak
e m
ark
et sh
are fo
r k
nu
ckle bo
om
crane
s v
ia P
M L
ast cy
clical pea
k fo
r P
M an
d M
an
itex
w
as O
VE
R $
35
0M
in
net sales and
ap
pro
xim
ate
ly $
45
m
illio
n in
Adjusted
E
BIT
DA
; p
oten
tial E
AR
NIN
GS
P
OW
ER
n
ow
ex
ceed
s p
rior p
eak
lev
el N
AS
DA
Q : M
NT
X
-
Ta
dan
o Inv
estm
en
t N
AS
DA
Q :
M
NT
X M
AY
2
01
8 A
pp
ro
xim
ate
ly 2
.9
M sh
ares o
f M
NT
X @
$
11.1
9 /sh
are fo
r $
32
.7 m
illio
n; T
ad
an
o ow
ns 1
4.9
% o
f M
an
ite
x T
ad
an
o nam
es Ing
o S
ch
iller, P
re
sid
en
t an
d C
hief E
xecu
tiv
e O
fficer o
f T
ad
an
o A
merica C
orp
oratio
n to
the M
anitex
B
oard
of D
irec
tors T
ad
ano
, w
ith o
ver $1
.7
billio
n i
n g
lo
bal an
nual sales, and
m
ore th
an 3
,3
00
em
plo
yees, is on
e o
f the
prem
ier cran
e co
mpa
nies in
th
e w
orld
with
a glob
al d
ealer an
d d
istrib
utio
n ne
tw
ork P
rior to
th
e tran
sactio
n T
ad
an
o ha
d N
O kn
uck
le b
oo
m cran
e in
its p
ro
du
ct p
ortfo
lio
W
ith
pro
ceed
s, M
an
ite
x h
as p
aid
d
ow
n deb
t, an
d ha
s am
ple cap
ital to p
ro
cure th
e n
ecessary
co
mpo
nen
ts an
d assem
blies to
k
eep
up
w
ith
its g
row
in
g b
ack
lo
g, and
alloca
te th
e pro
per re
so
urce
s to
in
teg
rate P
M G
ro
up
and
accelerate m
ark
et pe
netra
tio
n an
d m
argin ex
pan
sio
n
-
TO
DA
Y T
adan
o Im
pa
ct N
AS
DA
Q :
MN
TX
$
7
3.6
M
IL
LIO
N T
OT
AL
D
EB
T B
AL
AN
CE
S
HE
ET
Q
UA
LIT
Y IM
PR
OV
EM
EN
T $
2
4 M
IL
LIO
N C
AS
H &
M
AR
KE
TA
BL
E S
EC
UR
IT
IE
S 2
.8
X N
et L
EV
ER
AG
E R
AT
IO
(T
TM
) In
itial o
rd
ers p
la
ced in Q
1 2
019
S
ou
rcin
g b
en
efits ex
pec
ted
to b
eg
in
in
Q
2 20
19
to ta
ke ad
van
tag
e o
f u
ltra-h
ig
h qu
ality
Ta
dan
o co
mpo
nen
ts
-
Knu
ck
le B
oom
s P
M C
RA
NE
S S
traig
ht-M
ast M
AN
IT
EX
C
RA
NE
S E
ND
-M
AR
KE
TS
: C
ON
ST
RU
CT
IO
N, L
OG
IS
TIC
S, U
TIL
IT
Y, E
NE
RG
Y, M
IL
IT
AR
Y, R
AIL
L
IF
TIN
G C
AP
AC
IT
Y: 1
–
80
U
S T
ON
S (
1-2
50
T
-M
) E
ST
IM
AT
ED
2
01
8 U
NIT
V
OL
UM
E (M
AR
KE
T): 5
0,00
0 F
EA
TU
RE
S: M
AT
ER
IA
L C
AR
RY
IN
G C
AP
AB
IL
IT
Y, E
AS
E O
F U
SE
, B
RO
AD
MA
RK
ET
U
SA
GE
E
ND
MA
RK
ET
S: C
ON
ST
RU
CT
IO
N, U
TIL
IT
Y, E
NE
RG
Y, R
EN
TA
L, M
IN
IN
G, A
DV
ER
TIS
IN
G, R
AIL
RO
AD
L
IF
TIN
G C
AP
AC
IT
Y: 17
–
70
U
S T
ON
S E
ST
IM
AT
ED
20
18
UN
IT
V
OL
UM
E (M
AR
KE
T): 2
,50
0 F
EA
TU
RE
S: H
IG
H L
IF
TIN
G R
AN
GE
, D
IV
ER
SE
E
ND
-M
AR
KE
T A
PP
LIC
AT
IO
NS
V
S N
AS
DA
Q : M
NT
X
-
Liftin
g eq
uip
men
t m
arket - S
traig
ht-m
ast N
AS
DA
Q : M
NT
X O
VE
RV
IE
W A
ppro
xim
ately
1
5 P
PT
m
ark
et sh
are g
ain
in
past 5
yea
rs w
hile m
ore bro
ad
ly
d
ive
rsify
in
g w
eig
ht class (ton
nag
e) distrib
utio
n; M
an
itex
m
arke
t sh
are in
creasin
g th
rou
gh
20
18
Im
po
rtan
t n
ew
p
ro
du
cts laun
ch
ed
w
ith
in
th
e p
ast 2
4 m
on
th
s i
n th
e 2
0, 2
2, 3
0, A
ND
4
0 to
n classes In
creased
pen
etration
o
f 40
-, 45
- an
d 5
0- to
n cran
es w
ith
aerial w
ork
p
latfo
rm
s for u
tility, te
leco
m a
nd
w
in
d co
nstru
ctio
n/m
ain
ten
an
ce In
du
stry o
rd
ers stren
gth
en
ed
in 2
01
8 d
ue to
used
equ
ip
men
t m
ark
et n
orm
alizatio
n and
stre
ng
th
in
co
nstru
ctio
n, u
tility
, and
en
erg
y. M
an
itex ind
ustry
fo
re
cast fo
r 20
19
is 1
,50
0 u
nits v
s. 1
,16
2 in
20
18
O
rde
r activ
ity
in
20
18 h
as bee
n 5
5%
fo
r c
ran
es ov
er 3
0 t
on
s a
nd
4
5%
fo
r u
nd
er 3
0 to
ns C
ran
es in
the field fro
m ‘0
4-’07
cy
clica
l pea
k are 1
1-plu
s yea
rs old w
hic
h is creatin
g “replacem
en
t cy
cle” activity
-
$2
.3
Billio
n G
lob
ally (M
anag
em
en
t E
stim
ates) N
AS
DA
Q : M
NT
X T
HE
K
NU
CK
LE
B
OO
M M
AR
KE
T L
arg
e M
ark
et o
f $
2.3
B
N fa
r ex
ceed
s tha
t of straig
ht m
ast b
oom
tru
ck
m
arket (G
lo
bal) O
pp
ortu
nity
to in
crease P
M G
ro
up
N
orth A
merican
m
ark
et p
rese
nce
thro
ug
h M
an
itex d
istrib
utio
n/dea
ler netw
ork
P
M has a ge
og
rap
hically
d
iv
erse cu
stom
er b
ase
PM
P
EA
K S
AL
ES
O
F $
150
M
IL
LIO
N IN
20
08
NO
RT
H A
ME
RIC
AN
K
NU
CK
LE
B
OO
M M
AR
KE
T IS
G
RO
WIN
G P
RIN
CIP
AL
IN
DU
ST
RY
P
AR
TIC
IP
AN
TS
K
NU
CK
LE
B
OO
M M
AR
KE
T W
OR
LD
WID
E S
AL
ES
(U
S$
, M
IL
LIO
NS
) P
M G
RO
UP
T
TM
R
EV
EN
UE
S (U
S$
, M
IL
LIO
NS
)
-
Rep
lacem
en
ts P
arts &
Service N
AS
DA
Q :
MN
TX
C
onsistent rec
urrin
g re
ven
ue stre
am
thro
ug
ho
ut th
e cy
cle T
ypically
g
ene
ra
tes 1
0%
-2
0%
o
f net s
ales in
a q
uarter/y
ear T
ypically
carry 2
x g
ro
ss m
arg
in
of co
re equ
ip
men
t b
usin
ess S
pares rela
te to
sw
in
g d
rive
s, rotati
ng
co
mp
one
nts, &
bo
om
s am
on
g o
th
ers, m
an
y of w
hich
are p
rop
rieta
ry
S
erv
e ad
ditio
nal b
rand
s S
erv
ice team
fo
r c
ran
e eq
uip
men
t P
ro
prie
tary e-co
mm
erce sy
stem
im
plem
en
ted
in
prin
cip
al o
peratio
ns
-
Prod
ucts, E
nd
M
ark
et, D
riv
ers O
PE
RA
TIN
G C
OM
PA
NIE
S S
traig
ht-m
ast b
oom
tru
ck
s an
d crane
s S
ig
n cran
es P
arts K
nu
ck
le b
oo
m cran
es T
ru
ck
-m
ou
nted
aerial p
latfo
rm
s S
pecia
lized
eq
uipm
en
t fo
r liq
uid sto
rage &
co
ntain
men
t 8
,00
0-21
,0
00 g
allo
n cap
acities P
recisio
n pick
& carry
cran
es R
ou
gh
terrain
cran
es S
pecialized
con
structio
n eq
uip
men
t P
arts S
tro
ng
en
d m
ark
et d
em
an
d for specialized
, co
mpe
titiv
ely
d
ifferentiated
p
ro
du
cts fo
r oil, gas, and
en
erg
y secto
rs P
ro
du
ct d
evelop
men
t G
ro
win
g accep
tan
ce o
f kn
uck
le b
oo
ms i
n N
orth
A
meric
an m
ark
ets O
il an
d gas ex
ploration
creating
d
em
an
d P
ro
du
ct d
ev
elo
pm
en
t R
ep
utatio
n fo
r q
ua
lity
&
inn
ov
atio
n S
erv
es a m
ark
et o
f o
ver $
1B
an
nu
ally S
tron
g en
d m
ark
et d
em
an
d fo
r sp
ecia
lized
, co
mp
etitiv
ely
d
ifferen
tiated
pro
duc
ts E
nv
iron
men
tal (ele
ctr
ic) or h
azard
ous (sp
ark free) d
ev
elo
pm
en
ts P
ro
du
ct d
ev
elo
pm
en
t E
quip
men
t rep
lacem
en
t cy
cle in
sm
all to
nnag
e flex
ib
le cran
es f
or refine
ry
m
ark
et M
ore efficien
t p
ro
du
ct o
ffering
acro
ss e
nd
m
ark
ets P
ow
er transm
issio
n/U
tility
In
du
strial pro
jects Infrastruc
ture d
ev
elo
pm
en
t C
on
stru
ctio
n E
nergy
C
on
struc
tio
n In
frastru
ctu
re U
tilities E
ne
rg
y P
etro
ch
em
ical W
aste m
an
ag
em
en
t A
uto
motive
Ch
em
ical / p
etro
ch
em
ical In
frastru
ctu
re d
eve
lo
pm
en
t A
ero
spac
e C
on
stru
ctio
n R
ailro
ad C
onstru
ctio
n R
efin
eries M
unicip
ality
N
AS
DA
Q : M
NT
X
-
Ex
perien
ced
M
an
ag
em
en
t T
eam
N
AS
DA
Q :
M
NT
X D
avid L
an
gev
in
, C
hairm
an
&
CE
O 3
0+
y
ears, p
rin
cip
ally
at T
erex
C
orp
oratio
n S
tev
e K
iefer, P
reside
nt &
C
OO
2
5+
y
ears p
rin
cip
ally
w
ith E
aton
C
orp
. an
d ind
ustria
l com
pan
ies L
au
ra
Yu, C
FO
2
0+
y
ears i
n sen
ior-lev
el ex
ecu
tive co
rp
orate fina
nce
fo
r pu
blic F
ortun
e 5
00 in
du
strial c
om
pan
ies S
herm
an Ju
ng
, V
ice P
resid
en
t o
f F
in
an
cial R
ep
orting
2
0+
y
ears in
fin
anc
ial o
pe
ratio
ns an
d S
EC
R
ep
orting
S
co
tt R
olston
, S
VP
S
trategic P
lan
nin
g 3
0+
y
ears p
rin
cip
ally
w
ith M
anitex
and
M
an
ito
woc Jim
P
ete
rso
n, E
xecu
tiv
e V
ic
e P
resid
en
t, O
peratio
ns 3
5+
y
ears in m
an
ufactu
rin
g o
peratio
ns
-
MA
NIT
EX
IN
TE
RN
AT
IO
NA
L, IN
C. F
in
an
cial O
verv
iew
-
Fin
an
cial S
um
mary
N
AS
DA
Q : M
NT
X | *
Rep
orted
resu
lts, p
rior to
A
SV
an
d P
M tran
saction
s *
* B
acklog
is A
S O
F 3/31
/1
9 K
EY
S
TA
TIS
TIC
S $
00
0, exc
ept %
as ad
ju
sted
Q
1 2
01
9 Q
1 2
01
8 2
01
8 2
017
2
013
* 2
01
2*
R
ev
en
ues $
57,4
20
$5
6,67
5 $2
42
,10
7 $
21
3,11
2 $
24
5,0
72
$
205
,2
49
G
ro
ss M
arg
in
(%
) 21
.7
% 2
0.1%
1
9.4
% 1
9.8
% 1
9.0
% 19
.7
% A
dju
sted
E
BIT
DA
$3
,7
67
$
3,6
97
$1
7,4
09
$
13,7
65 $
21
,48
3 $1
7,9
57
A
dj. E
BIT
DA
M
arg
in
(%
) 6
.6%
6.5
% 7
.2
% 6
.5
% 8
.8
% 8
.7%
A
dju
ste
d N
et in
com
e $
1,1
68
$
78
8 $
6,0
18
$3
,2
78
$
10,1
78 $
8,07
7 B
ack
log
**
$7
4,9
00
**
$8
7,90
0 8
0,2
00 $
61
,53
0 $7
7,2
81
$
130
,3
52
S
toc
k P
rice (5
/3
0/1
9) $
6.0
2 p
er sh
are (im
plied
cap
of $
118
.6
M
) M
ark
et C
ap
(3
/3
1/19
) $
15
0.6 M
To
ta
l E
nt. V
alu
e (3
/3
1/1
9) $
20
3.1
M
T
ick
er / E
xch
an
ge M
NT
X/N
asd
aq
C
M W
td
A
vg
B
asic S
hares (3
/3
1/1
9) 1
9.7 M
W
td
A
vg
D
ilu
ted
S
hares (3
/3
1/1
9) 1
9.7 M
To
ta
l N
ET
D
eb
t (3
/3
1/1
9) $ 4
9.6
M C
AP
IT
AL
IZ
AT
IO
N
-
Balan
ce S
he
et S
um
mary N
AS
DA
Q : M
NT
X (in
tho
usan
ds $
) M
arch
31
, 2
01
9 D
EC
EM
BE
R 3
1, 20
18
Cash, R
estricted
, M
arketab
le S
ecu
ritie
s 2
4,0
93
24
,5
08
C
urren
t A
ssets 1
17
,9
59
1
07,4
85
Prop
erty
P
la
nt &
E
qu
ip
men
t 20
,1
93 2
0,24
9 G
oo
dw
ill an
d oth
er In
tan
gible A
ssets 5
9,6
26
6
1,0
71
O
th
er L
on
g term
A
ssets 6,5
90 3
,9
36 T
otal A
sse
ts $
228
,4
61 $
217
,2
49 C
urren
t L
ia
bilities 82
,4
99 7
2,95
4 L
ong
term
D
eb
t 4
9,37
2 4
9,8
83 O
th
er L
on
g term
liab
ilities 8
,1
56
6
,40
8 T
otal L
iab
ilities 1
40
,02
7 12
9,2
45
S
tock
ho
ld
ers’ eq
uity-M
anitex
In
tern
atio
nal 8
8,43
4 88
,0
04 L
ia
bilities an
d sto
ckh
old
ers’ eq
uity
$2
28
,46
1 $
21
7,24
9
-
Deb
t S
um
mary N
AS
DA
Q : M
NT
X | *
1.1
M
sh
ares of A
SV
(N
asdaq
:A
SV
) still H
eld an
d $
24
.5
M in
credit lin
e still av
ailab
le U
SD
m
illio
ns Q
1 20
19
Q4
20
18 Q
3 2
01
8 Q
2 2
018
W
ork
in
g cap
ital b
orrow
in
gs $2
3.8
$2
2.7 $
21
.5 $
24.3
B
ank
term
d
eb
t 22
.6
23
.1
26
.7
2
6.8
C
apital leases 5
.4
5.5
5.6
5
.7 C
onv
ertib
le
no
tes 21
.8
21
.7
21
.6
21
.5
R
ev
olv
er - -
- - T
otal d
ebt $
73
.6 $
73
.0 $
75.3
$
78
.3
T
otal cash
an
d m
arketable equ
ity secu
rities $
24
.0 $
24
.5 $
25.9
$
27
.2
N
et d
eb
t $
49
.6
$4
8.5
$4
9.4 $
51
.1
-
Deb
t D
etails
-
Stev
e K
iefer, P
res., C
OO
Man
itex
In
te
rn
ation
al 7
08
-2
37
-20
65
sk
iefer@
man
ite
x.co
m P
eter S
eltzb
erg
, IR
D
arro
w A
sso
ciate
s, Inc. 5
16
-4
19
-9
91
5 p
seltzb
erg
@d
arro
wir.co
m M
AN
IT
EX
IN
TE
RN
AT
IO
NA
L, IN
C. N
AS
DA
Q: M
NT
X Jun
e 2
019
/ColorImageDict > /JPEG2000ColorACSImageDict >
/JPEG2000ColorImageDict > /AntiAliasGrayImages false
/CropGrayImages true /GrayImageMinResolution 300
/GrayImageMinResolutionPolicy /OK /DownsampleGrayImages true
/GrayImageDownsampleType /Bicubic /GrayImageResolution 100
/GrayImageDepth -1 /GrayImageMinDownsampleDepth 2
/GrayImageDownsampleThreshold 1.00000 /EncodeGrayImages true
/GrayImageFilter /DCTEncode /AutoFilterGrayImages false
/GrayImageAutoFilterStrategy /JPEG /GrayACSImageDict >
/GrayImageDict > /JPEG2000GrayACSImageDict >
/JPEG2000GrayImageDict > /AntiAliasMonoImages false
/CropMonoImages true /MonoImageMinResolution 1200
/MonoImageMinResolutionPolicy /OK /DownsampleMonoImages true
/MonoImageDownsampleType /Bicubic /MonoImageResolution 150
/MonoImageDepth -1 /MonoImageDownsampleThreshold 2.00000
/EncodeMonoImages true /MonoImageFilter /CCITTFaxEncode
/MonoImageDict > /AllowPSXObjects false /CheckCompliance [ /None
] /PDFX1aCheck false /PDFX3Check false /PDFXCompliantPDFOnly false
/PDFXNoTrimBoxError true /PDFXTrimBoxToMediaBoxOffset [ 0.00000
0.00000 0.00000 0.00000 ] /PDFXSetBleedBoxToMediaBox true
/PDFXBleedBoxToTrimBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ]
/PDFXOutputIntentProfile (None) /PDFXOutputConditionIdentifier ()
/PDFXOutputCondition () /PDFXRegistryName () /PDFXTrapped
/False
/CreateJDFFile false /Description > /Namespace [ (Adobe)
(Common) (1.0) ] /OtherNamespaces [ > /FormElements false
/GenerateStructure false /IncludeBookmarks false /IncludeHyperlinks
false /IncludeInteractive false /IncludeLayers false
/IncludeProfiles false /MultimediaHandling /UseObjectSettings
/Namespace [ (Adobe) (CreativeSuite) (2.0) ]
/PDFXOutputIntentProfileSelector /DocumentCMYK /PreserveEditing
true /UntaggedCMYKHandling /LeaveUntagged /UntaggedRGBHandling
/UseDocumentProfile /UseDocumentBleed false >> ]>>
setdistillerparams> setpagedevice
