Manitex International Inc. (MNTX) on Wednesday reported a third-quarter loss of $20.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Bridgeview, Illinois-based company said it had a loss of $1.27. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 5 cents per share.
The maker of forklifts, cranes and other lifting vehicles posted revenue of $74.1 million in the period.
Manitex shares have declined 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.46, a decline of 21 percent in the last 12 months.
