Tokyo, Japan – Manitex International (NASDAQ:MNTX) is making strides in its self-improvement efforts, with a focus on rebranding and rebuilding its core business. The company has been executing its improvement plans since the last update, showing progress in enhancing margins and operational efficiency.

While facing challenges in the construction equipment market, Manitex has reported an 8% revenue increase in the first quarter of this year, driven by growth in its lifting business and rental operations. The company’s gross margin has also seen improvement, reflecting the success of its self-improvement initiatives.

Despite market fluctuations, Manitex has been working towards a more holistic approach, emphasizing rebranding and operational efficiency to drive growth. With a focus on deleveraging the company and building brand value, Manitex is moving in a positive direction.

Looking ahead, Manitex faces uncertainty in the macro environment, with fluctuations in demand and market conditions. While residential construction activity is expected to improve, non-residential sectors may present challenges. However, the company remains optimistic about infrastructure and energy sector activities contributing to its revenue growth.

In the long term, Manitex aims to achieve steady revenue growth, with a focus on regaining market share and leveraging distribution opportunities. Margins improvement remains a key goal, with the company aiming to support mid-single-digit free cash flows and positive rerating of its multiples.

Overall, Manitex’s self-improvement story presents opportunities for investors willing to explore small players in the cyclical end-markets. Despite macroeconomic challenges, the company’s internal progress and strategic initiatives demonstrate potential for future growth and success.