Manitex International, Inc. (NASDAQ:MNTX) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET

Company Participants

Mike Coffey - Chief Executive Officer

Joe Doolan - Chief Financial Officer

Conference Call Participants

Michael Zabran - ROTH Capital

Operator

Greetings, and welcome to Manitex International, Inc. First Quarter 2022 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, 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 the time to join our call. My name is Mike Coffey. And with me today is Joe Doolan, our CFO. Joe will take you through the financial details of the first 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 Web site for the release and other information, including a brief presentation for this call. The telephone replay will be available for seven days, and the slides we cover will be available for a year. Slide two is our safe harbor statement, which reminds you that everything we discuss is subject to change, as is described in our SEC filings, which you can refer to for further details on the many risk factors associated with our company.

So let's get started. On today's call, we will focus on our financial results from the first quarter of 2022; key business highlights, both during the period and activity since; and longer-term trends and opportunities for the business. We would also like to provide some additional insight around our April 11, 2022, announcement regarding the acquisition of Rabern Rentals, which we believe directly supports our strategy for improving operating margins and overall value for our shareholders through acquisition and refinancing.

Before we go any further, I'd like to take a moment to fully -- or more fully introduce myself as I was appointed CEO three weeks ago, following a consulting engagement in which I helped the team identify, assess and successfully acquire Rabern Rentals. We believe this acquisition will facilitate improved margins while creating new opportunities to capitalize on the growing construction equipment rental industry. My role is to increase profitability through improved operational efficiency, directing the company's focus on process and leveraging both Manitex' unique array of product innovations as well as its strong brand position and market position. This company is well known for product quality and is well positioned to penetrate desirable end markets with in-demand product offerings.