Manitex International Inc. (NASDAQ:MNTX) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET

Company Participants

Mike Coffey - CEO

Joe Doolan - CFO

Conference Call Participants

Matthew Reiner - Adirondack

Operator

Good afternoon, ladies and gentlemen, and welcome to the Manitex International, Inc. Second Quarter 2022 Results Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded.

I would now like to turn the conference over to Mr. Mike Coffey, Chief Executive Officer. Please go ahead, sir.

Mike Coffey

Thank you, operator. Good afternoon, ladies and gentlemen, and thank you for your interest in Manitex International. We appreciate you taking time to join our call. My name is Mike Coffey, and with me today is Joe Doolan our CFO, who will take you through the financial details of the second quarter, which we announced earlier today. Following our prepared remarks, as is our custom, we will be happy to open the line for questions.

Please see our website for our release and other information, including a brief presentation for this call. A telephone replay will be available for 7 days, and the slides we cover will also be available for the next year.

Slide 2 is our Safe Harbor statement, which reminds you that everything we discuss is subject to change as described in our SEC filings, which you can refer to for further details on the many risks associated with our company.

On today's call, we will focus on our second quarter 2022 results, covering financial highlights, our business performance, margin trends and key drivers being leveraged for our shareholders.

This is the first earnings call, including Rabern Rentals financial results. You may be aware that we acquired 70% of Rabern Rentals on the 11th of April 2022. The Rabern Rentals performance is right in line with what we anticipated, supporting our goal to improve operating margins.

As this is my second earnings call and with only 4 months with the company, allow me to offer a short high-level introduction again. I was appointed CEO in April to help the company improve its profitability and growth. Since April, we have identified areas for cost control, efficiency improvements and collaboration between the Manitex operating entities.

I'm pleased to report that some of these changes are already showing results, others will take time to fully implement and realize their full potential. I've spent most of the past 4 months getting acquainted with the company, its employees and our capabilities.