Manitex International, Inc. reported strong third-quarter results, with a 10% increase in organic revenue driven by growth in the Lifting Equipment segment. Despite some macroeconomic uncertainty, the company is seeing strong demand and limited inventory levels from customers, indicating favorable dealer restocking trends in the coming quarters. The backlog declined by 5% from last year but remains strong at $197 million, exceeding pre-pandemic levels. New order activity for 2024 deliveries has remained healthy.
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