8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of the earliest event reported) August 7, 2013

MANITEX INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in Its Charter)

Michigan	001-32401	42-1628978
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
9725 Industrial Drive, Bridgeview, Illinois		60455
(Address of Principal Executive Offices)		(Zip Code)

(708) 430-7500

(Registrant’s Telephone Number, Including Area Code)

7402 W. 100^th Place, Bridgeview, Illinois

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On August 7, 2013, Manitex International, Inc. (the “Company”) issued a press release announcing its unaudited financial results for the quarter and six months ended June 30, 2013 (the “Press Release”). The full text of the Press Release is being furnished as Exhibit 99.1 to this Current Report. The Company also posted presentation slides (Exhibit 99.2) that will be referenced during the conference call and webcast which will take place today August 7, 2013 at 4:30 pm eastern time to discuss the results for the quarter and six months ended June 30, 2013. Both Exhibits can be accessed from the Investor Relations section of the Company’s website at www.ManitexInternational.com.

The information in this Current Report (including Exhibit 99.1 and 99.2) is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

The Company references certain non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached Press Release. Disclosures regarding definitions of these financial measures used by the Company and why the Company’s management believes these financial measures provide useful information to investors is also included in the Press Release.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits.

See the Exhibit Index set forth below for a list of exhibits included with this Current Report on Form 8-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized.

MANITEX INTERNATIONAL, INC.
By:	/S/    DAVID GRANSEE
Name:	David Gransee
Title:	VP and CFO

Date: August 7, 2013

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press release dated August 7, 2013
99.2	Webcast presentation slides dated August 7, 2013

EX-99.1

Exhibit 99.1

Manitex International, Inc. Reports Second Quarter 2013 Results

Achieves Record Net Sales of $63 Million and Record Net Income of $2.7 Million, or

$0.22 per Share

Manitex to Acquire Sabre Manufacturing, LLC for $14 Million

Bridgeview, IL, August 7th, 2013 — Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented vehicles, container handling equipment and specialized engineered trailers, today announced second quarter 2013 results.

Second Quarter 2013 Financial Highlights:

• Net revenues rose 19% to a record $62.6 million, compared to $52.5 million in the prior year’s quarter and 5% compared to the first quarter 2013 revenues of $59.6 million.

• Net income of $2.7 million or $0.22 per share, increased 15% compared to $2.3 million and $0.20 per share for the prior year’s quarter.

• EBITDA⁽¹⁾ for the second quarter 2013 increased 7.8% to $5.5 million, equal to 8.8% of sales, compared to $5.1 million and 9.7% of sales for the same period in 2012. On a sequential quarter basis, the increase in EBITDA was $1.4 million or 34%.

• Consolidated backlog at June 30^th, 2013 was $96.6 million.

Acquisition of Sabre Manufacturing, LLC:

• Knox, Indiana-based manufacturer of a comprehensive line of specialized trailer tanks for liquid and solid storage and containment solutions with capacities from 8,000 to 21,000 gallons, and with a large installed base in North America. Its tank trailers are sold to specialist independent tank rental companies for a variety of end markets such as petrochemical, waste management and oil and gas drilling

• Negotiated purchase price of $14 million consisting of $13 million in cash and $1 million in MNTX common stock

• Sabre trailing twelve month revenue (through 3/31/2013) of $39.1 million and EBITDA of $4.5 million

• Closing, subject to execution of definitive documentation, expected shortly

• Cash consideration will be funded by new Comerica Bank Term Loan

Chairman and Chief Executive Officer, David Langevin commented “The record sales and profits we recorded in the second quarter results demonstrates continued execution of our niche product strategy. The global economic environment, as has been widely reported remains subdued, and while we are cautious we believe our businesses will continue to perform on a solid basis in this challenging economic landscape. The primary driver of our growth remains our crane business. And as we recently reported, we believe that our new 70 ton crane

— more —

product will have a significant impact for us in the future. We would also like to point out the significance of the $37 million Navy contract award which we recently announced which will also provide further growth for us in 2014. Finally, in the second quarter, our cost structure, margins and EBITDA ratios all returned to more normal levels when compared to the first quarter. With this cost concentration and a steady improvement in economics along with the potential benefit from the acquisition of Sabre which we announced today, we should turn in good results for the year and put us on sound footing going into 2014.”

Second quarter 2013 revenues of $62.6 million increased $10.1 million or 19.2% from the second quarter of 2012 resulting primarily from production increases at the Manitex crane facility and increased sales for port-related equipment from CVS, partially offset by lower revenues from other material handling operations and equipment distribution. Cranes with capacities greater than 45 ton increased as a proportion of total revenues contributing approximately $5 million of the total increase. The lower margin, lower capacity boom trucks and chassis sales also increased approximately $3 million in response to improved commercial construction activity, which utilizes the lower capacity, less specialized cranes. Parts sales as a percentage of revenue for the quarter were approximately 18% lower than the prior year quarter due to the increase in new product revenues, but were also marginally reduced on a dollar basis. On a sequential quarter basis, revenues increased 5%, with a 12% increase in sales of cranes, on a number of units basis, although this was partially offset by reduced material handling and equipment distribution sales.

Gross profit of $12.3 million was equal to 19.6% of sales, compared to $10.8 million or 20.5% for the second quarter of 2012 and $10.2 million or 17.2% in the first quarter of 2013. The year-over-year reduction in gross margin percent was generated by an increase in the mix of lower capacity cranes and chassis, and a lower percentage of higher margin parts sales. Parts sales are anticipated to return in line with their historical levels over time as the recent rapid increase in new equipment sales become increasingly deployed and utilized. The 240 basis point sequential improvement to more normalized levels was generated by improved manufacturing efficiencies over the prior quarter as newer products became better assimilated into manufacturing as well as a benefit from improved volume and product mix.

Net income for the second quarter of 2013 of $2.7 million or $0.22 in earnings per share was an increase of $0.3 million, (15%) or $0.02 per share, over the second quarter of 2012. A $10.1 million improvement in revenue compared to the second quarter of 2012 resulted in a gross profit increase of $1.5 million which was offset by additional operating expenses, other expense and tax of $1.2 million. Operating expense was $1.1 million higher in the second quarter of 2013 of which increased selling expenses of $0.6 million were incurred from an expansion in the sales organization, commissions and other selling related costs, with employee related costs and incentive compensation accounting for approximately $0.3 million.

Andrew Rooke, Manitex International President and Chief Operating Officer, commented, “We again achieved record sales revenues for the quarter, showing increases on a year ago and sequential quarter basis, with crane products leading the way. Our production increases combined with a softening of demand from energy markets compared to the same period a year ago and continued relative weakness in material handling contributed to a modest reduction in backlog, which was $97 million at the end of the quarter, and still remains healthy. Gross margin at 19.6% for the quarter returned to more normalized levels as the recent product introductions became fully integrated into the supply chain and production process, and we achieved improved manufacturing volume in the Manitex crane facility. The lower percentage of parts sales due to higher new equipment sales still had a negative effect in the quarter, but this also remains a future opportunity as parts sales start to reflect the higher volume of equipment being deployed. Our commitment to cost control and higher efficiency remains a key objective, as evidenced in our SG&A, which as a percentage of sales, remained steady with the second quarter of 2012 at 11.3%. However, it has been reduced by 100 basis points to 10.8% for the six months ended June 30, 2013 compared to 11.8% for the corresponding period in 2012. Our balance sheet position remains strong, with our debt to trailing twelve month EBITDA ratio of 2.8 times and interest coverage of 7.5 times, both ratios remaining relatively constant since December 31, 2012.”

Outlook

Mr. Langevin continued, “The quarterly and year to date results were solid, and we continue to work to develop and acquire niche products which serve industries where we believe there will be superior growth and where we will have the opportunity to grow at levels beyond anyone in the marketplace. We look forward to welcoming to the Manitex Group a Company that we believe fits these criteria in Sabre Manufacturing. Sabre is a leading specialized equipment provider with a reputation for high quality and innovation serving a market of over $1 billion annually.

Our expectations, absent any significant change in the global economic conditions and excluding the additional benefit we may receive from Sabre, are for second half sales in line with the first. This would suggest another record year for revenues, EBITDA and earnings per share. We also continue to pursue further growth of our revenue base as well as an increase in our profitability through development of new products and opportunistic acquisitions,” concluded Mr. Langevin.

(1) EBITDA and adjusted net income are non-GAAP (generally accepted accounting principles in the United States of America) financial measures. These measures may be different from non-GAAP financial measures used by other companies. We encourage investors to review the section below entitled “Non-GAAP Financial Measures.”

Conference Call:

Management will host a conference call at 4:30 p.m. Eastern Time today to discuss the results with the investment community. Anyone interested in participating should call 1-877-941-8416 if calling within the United States or 1-480-629-9808 if calling internationally. A replay will be available until August 14, 2013 which can be accessed by dialing 1-877-870-5176 if calling within the United States or 1-858-384-5517 if calling internationally. Please use passcode 4633602 to access the replay.

The call will also be accompanied by a webcast over the Internet with slides, which are also accessible at the Investor Relations section of the Company’s corporate website at www.manitexinternational.com.

About Manitex International, Inc.

Manitex International, Inc. is a leading provider of engineered lifting solutions including cranes, reach stackers and associated container handling equipment, rough terrain forklifts, indoor electric forklifts and special mission oriented vehicles, including parts support.

Our Manitex subsidiary manufactures and markets a comprehensive line of boom trucks and sign cranes through a national and international dealership network. Our boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. Additionally, Badger Equipment Company, a subsidiary located in Winona, Minnesota, manufactures specialized rough terrain cranes and material handling products. Badger primarily serves the needs of the construction, municipality, and railroad industries. Our Italian subsidiary, CVS Ferrari, srl, designs and manufactures a range of reach stackers and associated lifting equipment for the global container handling market, which is sold through a broad dealer network. Our Manitex Liftking subsidiary is a provider of material handling equipment including the Noble straight-mast rough terrain forklift product line, Lowry high capacity cushion tired forklift and Schaeff electric indoor forklifts as well as specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking’s rough terrain forklifts are used in both commercial and military applications. Our subsidiary, Manitex Load King located in Elk Point, South Dakota is a manufacturer of specialized engineered trailers and hauling systems, typically used for transporting heavy equipment.

Our Crane and Machinery division is a Chicago based distributor of cranes including Terex truck and rough terrain cranes, and our own Manitex product line. Crane and Machinery provides aftermarket service in its local market as well as being a leading distributor of OEM crane parts, supplying parts to customers throughout the United States and internationally. The division also provides a wide range of used lifting and construction equipment of various ages and conditions, and has the capability to refurbish the equipment to the customer’s specifications.

Forward-Looking Statement

Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company’s expected results of operations or liquidity; statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results and future economic performance; and statements of management’s goals and objectives and other similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “will,” “should,” “could,” and similar expressions. Such statements are based on current plans, estimates and expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company’s future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. These factors and additional information are discussed in the Company’s filings with the Securities and Exchange Commission and statements in this release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot guarantee future results. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Company Contact
Manitex International, Inc. David Langevin Chairman and Chief Executive Officer (708) 237-2060 djlangevin@manitexinternational.com	Hayden IR Peter Seltzberg Investor Relations 646-415-8972 peter@haydenir.com

MANITEX INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except for share and per share amounts)

	Three Months Ended June  30,						Six Months Ended June  30,
	2013			2012			2013			2012
	Unaudited			Unaudited			Unaudited			Unaudited
Net revenues	$	62,554		$	52,496		$	122,120		$	95,345
Cost of sales		50,294			41,740			99,624			76,013
Gross profit		12,260			10,756			22,496			19,332
Operating expenses
Research and development costs		606			649			1,418			1,319
Selling, general and administrative expenses		7,050			5,911			13,217			11,297
Total operating expenses		7,656			6,560			14,635			12,616
Operating income		4,604			4,196			7,861			6,716
Other income (expense)
Interest expense		(751	)		(620	)		(1,344	)		(1,267	)
Foreign currency transaction (losses) gains		11			(108	)		(52	)		(94	)
Other income (loss)		(5	)		71			(9	)		79
Total other expense		(745	)		(657	)		(1,405	)		(1,282	)
Income before income taxes		3,859			3,539			6,456			5,434
Income tax		1,204			1,231			1,890			1,875
Net income	$	2,655		$	2,308		$	4,566		$	3,559
Earnings Per Share
Basic	$	0.22		$	0.20		$	0.37		$	0.30
Diluted	$	0.22		$	0.20		$	0.37		$	0.30
Weighted average common shares outstanding
Basic		12,295,879			11,713,206			12,285,819			11,698,256
Diluted		12,337,493			11,729,360			12,322,642			11,707,094

MANITEX INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

	June 30, 2013		December 31, 2012
	Unaudited		Unaudited
ASSETS
Current assets
Cash	$	3,171	$	1,889
Trade receivables (net)		38,097		36,189
Accounts receivable finance		204		276
Other receivables		3,636		2,761
Inventory (net)		67,290		61,290
Deferred tax asset		1,166		1,166
Prepaid expense and other		1,488		1,206
Total current assets		115,052		104,777
Accounts receivable finance		182		307
Total fixed assets (net)		10,187		10,297
Intangible assets (net)		17,308		18,442
Deferred tax asset		2,257		2,259
Goodwill		15,276		15,283
Other long-term assets		108		139
Total assets	$	160,370	$	151,504
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable—short term	$	6,190	$	6,218
Revolving credit facilities		1,302		875
Current portion of capital lease obligations		1,363		1,040
Accounts payable		26,443		25,101
Accounts payable related parties		544		839
Accrued expenses		7,538		7,745
Other current liabilities		1,493		1,533
Total current liabilities		44,873		43,351
Long-term liabilities
Revolving term credit facilities		37,617		34,357
Deferred tax liability		4,304		4,269
Notes payable		2,345		2,648
Capital lease obligations		3,995		4,000
Deferred gain on sale of building		1,838		2,028
Other long-term liabilities		1,302		1,318
Total long-term liabilities		51,401		48,620
Total liabilities		96,274		91,971
Commitments and contingencies
Shareholders’ equity
Preferred Stock—Authorized 150,000 shares, no shares issued or outstanding at June 30, 2013 and December 31, 2012		—		—
Common Stock—no par value 20,000,000 shares authorized, 12,295,879 and 12,268,443 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively		53,329		53,040
Paid in capital		1,276		1,098
Retained earnings		9,245		4,679
Accumulated other comprehensive income		246		716
Total shareholders’ equity		64,096		59,533
Total liabilities and shareholders’ equity	$	160,370	$	151,504

MANITEX INTERNATIONAL, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(In thousands)

	Six Months Ended June 30,
	2013			2012
	Unaudited			Unaudited
Cash flows from operating activities:
Net income	$	4,566		$	3,559
Adjustments to reconcile net income to cash used for operating activities:
Depreciation and amortization		1,773			1,790
Changes in allowances for doubtful accounts		162			10
Changes in inventory reserves		(76	)		93
Deferred income taxes		34			1,848
Share based compensation		467			181
Gain on disposal of fixed assets		4			(72	)
Reserves for uncertain tax provisions		19			4
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable		(3,303	)		(12,133	)
(Increase) decrease in accounts receivable finance		190			243
(Increase) decrease in inventory		(6,890	)		(11,287	)
(Increase) decrease in prepaid expenses		(297	)		(765	)
(Increase) decrease in other assets		31			4
Increase (decrease) in accounts payable		1,501			8,717
Increase (decrease) in accrued expense		(175	)		1,927
Increase (decrease) in other current liabilities		(37	)		575
Increase (decrease) in other long-term liabilities		(35	)		(97	)
Net cash used for operating activities		(2,066	)		(5,403	)
Cash flows from investing activities:
Proceeds from the sale of fixed assets		12			98
Purchase of property and equipment		(804	)		(330	)
Net cash used for investing activities		(792	)		(232	)
Cash flows from financing activities:
Borrowing on revolving term credit facilities		4,161			7,761
Net borrowings on working capital facilities		(546	)		2,270
New borrowings—notes payable		809			763
Note payments		(536	)		(3,850	)
Proceeds from capital leases		827			724
Payments on capital lease obligations		(509	)		(318	)
Net cash provided by financing activities		4,206			7,350
Net increase in cash and cash equivalents		1,348			1,715
Effect of exchange rate change on cash		(66	)		(58	)
Cash and cash equivalents at the beginning of the year		1,889			71
Cash and cash equivalents at end of period	$	3,171		$	1,728

Supplemental Information

In an effort to provide investors with additional information regarding the Company’s results, Manitex International refers to various non-GAAP (U.S. generally accepted accounting principles) financial measures which management believes provides useful information to investors. These measures may not be comparable to similarly titled measures being disclosed by other companies. In addition, the Company believes that non-GAAP financial measures should be considered in addition to, and not in lieu of, GAAP financial measures. Manitex International believes that this information is useful to understanding its operating results and the ongoing performance of its underlying businesses. Management of Manitex International uses these non–GAAP financial measures to establish internal budgets and targets and to evaluate the Company’s financial performance against such budgets and targets.

The amounts described below are unaudited, are reported in thousands of U.S. dollars, and are as of or for the three month period ended June 30, 2013, unless otherwise indicated.

Non-GAAP Financial Measures

This press release includes the following non-GAAP financial measure: “EBITDA” (earnings before interest, tax, depreciation and amortization). This non-GAAP term, as defined by the Company, may not be comparable to similarly titled measures used by other companies. EBITDA is not a measure of financial performance under generally accepted accounting principles. Items excluded from EBITDA are significant components in understanding and assessing financial performance. EBITDA should not be considered in isolation or as a substitute for net earnings, operating income and other consolidated earnings data prepared in accordance with GAAP or as a measure of our profitability. A reconciliation of net income to EBITDA is provided below.

The Company’s management believes that EBITDA and EBITDA as a percentage of sales represent key operating metrics for its business. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is a key indicator used by management to evaluate operating performance. While EBITDA is not intended to replace any presentation included in our consolidated financial statements under generally accepted accounting principles (GAAP) and should not be considered an alternative to operating performance or an alternative to cash flow as a measure of liquidity, we believe this measure is useful to investors in assessing our capital expenditure and working capital requirements. This calculation may differ in method of calculation from similarly titled measures used by other companies. A reconciliation of EBITDA to GAAP financial measures for the three and six month periods ended June 30, 2013 and 2012 is included with this press release below and with the Company’s related Form 8-K.

Reconciliation of GAAP Net Income to Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (in thousands)

	Three Months Ended						Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Net income		2,655			2,308			4,566			3,559
Income tax		1,204			1,231			1,890			1,875
Interest expense		751			620			1,344			1,267
Foreign currency transaction losses (gain)		(11	)		108			52			94
Other (income) expense		5			(71	)		9			(79	)
Depreciation & Amortization		909			920			1,773			1,790
Earnings before interest, taxes, depreciation and amortization (EBITDA)	$	5,513		$	5,116		$	9,634		$	8,506
EBITDA % to sales		8.8	%		9.7	%		7.9	%		8.9	%

Backlog

Backlog is defined as purchase orders that have been received by the Company. The disclosure of backlog aids in the analysis the Company’s customers’ demand for product, as well as the ability of the Company to meet that demand. Backlog is not necessarily indicative of sales to be recognized in a specified future period.

	June 30, 2013		December 31, 2012
Backlog	$	96,637	$	130,352
6/30/2013 decrease v prior period				(25.9	%)

Current Ratio is calculated by dividing current assets by current liabilities.

	June 30, 2013		December 31, 2012
Current Assets	$	115,052	$	104,777
Current Liabilities		44,873		43,351
Current Ratio		2.6		2.4

Days Sales Outstanding, (DSO), is calculated by taking the sum of net trade and related party receivables divided by annualized sales per day (sales for the quarter, multiplied by 4, and the sum divided by 365).

Days Payables Outstanding, (DPO), is calculated by taking the sum of net trade and related party payables divided by annualized cost of sales per day (cost of goods sold for the quarter, multiplied by 4, and the sum divided by 365).

Debt is calculated using the Condensed Consolidated Balance Sheet amounts for current and long term portion of long term debt, capital lease obligations, notes payable and lines of credit.

	June 30 , 2013		December 31, 2012
Notes payable – short term	$	6,190	$	6,218
Current portion of capital lease obligations		1,363		1,040
Revolving credit facilities		1,302		875
Revolving term credit facilities		37,617		34,357
Notes payable – long term		2,345		2,648
Capital lease obligations		3,995		4,000
Debt	$	52,812	$	49,138

Interest Cover is calculated by dividing EBITDA (Earnings before interest, tax, depreciation and amortization) for the trailing twelve month period (July 1, 2012 to June 30, 2013) by interest expense as reported in the Consolidated Statement of Income for the same period.

	12 Month Period July  1, 2012 to June 30, 2013
EBITDA	$	19,085
Interest Expense		2,534
Interest Cover Ratio		7.5

Inventory turns are calculated by multiplying cost of goods sold for the referenced three month period by 4 and dividing that figure by inventory as at the referenced period.

Manufacturing Expenses include manufacturing wages, salaries, fixed and variable overhead costs.

Operating Working Capital is calculated using the Consolidated Balance Sheet amounts for Trade receivables (net of allowance) plus other receivables, plus inventories, less Accounts payable. The Company considers excessive working capital as an inefficient use of resources, and seeks to minimize the level of investment without adversely impacting the ongoing operations of the business.

	June 30, 2013			December 31, 2012
Trade receivables (net)	$	38,097		$	36,189
Other receivables		3,636			2,761
Inventory (net)		67,290			61,290
Less: Accounts payable		26,987			25,940
Total Operating Working Capital	$	82,036		$	74,300
% of Trailing Three Month Annualized Net Sales		32.8	%		32.9	%

Trailing Twelve Months EBITDA is calculated by adding the reported EBITDA for the past 4 quarters.

Three Months Ended:		EBITDA
September 30, 2012		5,349
December 31, 2012		4,102
March 31, 2013		4,121
June 30, 2013		5,513
Trailing Twelve Months EBITDA	$	19,085

Trailing Three Month Annualized Net Sales is calculated using the net sales for quarter, multiplied by four.

	Three Months Ended
	June 30, 2013		December 31, 2012
Net sales	$	62,554	$	56,524
Multiplied by 4		4		4
Trailing Three Month Annualized Net Sales	$	250,216	$	226,096

Working capital is calculated as total current assets less total current liabilities

	June 30, 2013		December 31, 2012
Total Current Assets	$	115,052	$	104,777
Less: Total Current Liabilities		44,873		43,351
Working Capital	$	70,179	$	61,426

EX-99.2

“Focused

manufacturer of

engineered lifting

equipment”

Exhibit 99.2

Manitex International, Inc.

Conference Call

Second Quarter 2013

August 7th, 2013

2

Forward Looking Statements &

Non GAAP Measures

“Focused

manufacturer of

engineered lifting

equipment”

Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This presentation

contains statements that are forward-looking in nature which express the beliefs and expectations of

management including statements regarding the Company’s expected results of operations or liquidity;

statements concerning projections, predictions, expectations, estimates or forecasts as to our business,

financial and operational results and future economic performance; and statements of management’s goals

and objectives and other similar expressions concerning matters that are not historical facts.  In some

cases, you can identify forward-looking statements by terminology such as “anticipate,”

“estimate,”

“plan,”

“project,”

“continuing,”

“ongoing,”

“expect,”

“we believe,”

“we intend,”

“may,”

“will,”

“should,”

“could,”

and similar expressions. Such statements are based on current plans, estimates and expectations and

involve a number of known and unknown risks, uncertainties and other factors that could cause the

Company's future results, performance or achievements to differ significantly from the results, performance

or achievements expressed or implied by such forward-looking statements. These factors and additional

information are discussed in the Company's filings with the Securities and Exchange Commission and

statements in this presentation should be evaluated in light of these important factors. Although we believe

that these statements are based upon reasonable assumptions, we cannot guarantee future results.

Forward-looking statements speak only as of the date on which they are made, and the Company

undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of

new information, future developments or otherwise.

Non-GAAP Measures: Manitex International from time to time refers to

various non-GAAP (generally

accepted accounting principles) financial measures in this presentation.  Manitex believes that this

information is useful to understanding its operating results without the impact of special items. See

Manitex’s Second Quarter 2013 Earnings Release on the Investor Relations

section of our website

www.manitexinternational.com

for a description and/or reconciliation of these measures.

3

“Focused

manufacturer of

engineered lifting

equipment”

Overview

•

Solid quarter with record revenues, net income and EBITDA:

•

Revenues at $63 million, up 19% v Q2-2012.

•

Net income at $2.7 million ($0.22 EPS).

•

EBITDA at $5.5 million up 7.8% v Q2-2012.

•

North America markets more cautious than Q1-2013. Commercial construction

demand steady but helping to offset short term softening in energy sector.

European markets still a challenge. Energy sector medium term outlook

remains very positive.

•

Assuming no significant economic changes, revenue outlook second

half of

2013 similar to first half, indicating full year 2013 of approx.

$250 million (22%

y-o-y growth).

•

Subsequent to end of Q2, announced agreement to acquire Sabre

Manufacturing for $14m.

4

“Focused

manufacturer of

engineered lifting

equipment”

Business Update

•More cautious short term environment:

•N. American general construction / housing edging along.

•Energy remains soft, and down from strong comparative last year period, but

appears to have steadied at this level. Rig counts in total firmer, optimistic outlook.

•European markets extremely challenging.

•Product demand consistent with recent quarters, high percentage of shipments of

larger tonnage units, order intake reflecting higher percentage of lower tonnage units

Material handling and container handling equipment softer than prior quarters.

•Announced on May 30th a $37 million contract for material handling equipment for US

Navy. Initial shipments will start in 2014.

•6/30/13 Backlog $97 million. Decrease of 26% from 12/31/12, a function of

increased production and lower order intake. Broad based order book although boom

trucks continue to be heavily represented.

5

“Focused

manufacturer of

engineered lifting

equipment”

Business Update

Sabre Announcement

•

Knox, Indiana-based manufacturer of a comprehensive line of specialized

trailer tanks for liquid and solid storage and containment solutions with

capacities from 8,000 to 21,000 gallons, and with a large installed base in

North America. Its tank trailers are sold to specialist independent tank rental

companies for a variety of end markets such as petrochemical, waste

management and oil and gas drilling.

•

Negotiated purchase price of $14 million consisting of $13 million in cash and

$1 million in MNTX common stock.

•

Sabre trailing twelve month revenue (through 3/31/2013) of $39.1

million and

EBITDA of $4.5 million.

•

Closing, subject to execution of definitive documentation, expected shortly.

•

Cash consideration will be funded by new Comerica Bank Term Loan.

6

Key Figures

“Focused

manufacturer of

engineered lifting

equipment”

USD thousands

Q2-2013

Q2-2012

Q1-2013

Net sales

$62,554

$52,496

$59,566

% change in Q2-2013 to prior period

19.2%

5.0%

Gross profit

12,260

10,756

10,236

Gross margin %

19.6%

20.5%

17.2%

Operating expenses

7,656

6,560

6,979

Net Income

2,655

2,308

1,911

Earnings per share

$0.22

$0.20

$0.16

Ebitda

5,513

5,116

4,121

EBITDA % of Sales

8.8%

9.7%

6.9%

Working capital

70,179

52,303

64,965

Current ratio

2.6

2.2

2.4

Backlog

96,637

149,564

107,792

% change in Q2-2013 to prior period

(35.4%)

(10.3%)

7

“Focused

manufacturer of

engineered lifting

equipment”

Q2-2013 Operating Performance

$m

$m

Q2-2012 Net income

2.3    

Gross profit impact of increased sales of $10.1 million

(Q2-2013 sales less Q2-2012 sales at Q2-2012 gross profit % ).

2.1

Impact from lower margin

(Q2-2013 gross profit % -

Q2-2012 gross profit % multiplied by Q2-2013 sales)

(0.6)

Increase in gross profit

1.5

Increase in selling expenses

Increase in G&A expenses

(0.6)

(0.5)

Other income / (expense)

(0.1)

Tax

-

Q2-2013 Net income

$2.7      

8

Working Capital

“Focused

manufacturer of

engineered lifting

equipment”

$000

Q2-2013

Q4-2012

Working Capital

$70,179

$61,426

Days sales outstanding (DSO)

56

58

Days payable outstanding (DPO)

49

51

Inventory turns

3.0

3.0

Current ratio

2.6

2.4

Operating working capital

82,036

74,300

Operating working capital % of

annualized LQS

32.8%

32.9%

•Working capital increase ($8.8 million) supporting growth with key operating

working capital ratios steady.

•Operating working capital % of annualized LQS steady at 32.8%

9

“Focused

manufacturer of

engineered lifting

equipment”

$000

Q2-2013

Q4-2012

Total Cash

3,171

1,889

Total Debt

52,812

49,138

Total Equity

64,096

59,533

Net capitalization

113,737

106,782

Net debt / capitalization

43.6%

44.2%

EBITDA

5,513

4,102

EBITDA % of sales

8.8%

7.3%

•Total debt of $52.8 million, of which $2.7 million related to acquisitions and $3.7 million for

facilities leases.

•

increase

in

debt

at

6/30/2013

from

12/31/2012

of

$3.7m,

($2.4m

net

of

increase

in

cash)

for working capital purposes.

•N. American revolver facilities, based on available collateral at 6/30/13 was $44 million.

•N. American revolver availability at 6/30/13 of $5.1 million.

•EBITDA of $5.5 million for Q2-2013: trailing 12 month EBITDA  of $19.1 million gives Debt /

EBITDA ratio of 2.8 times and interest cover of 7.5 times.

Debt & Liquidity

•

Net capitalization is the sum of debt plus equity minus cash

•

Net debt is total debt less cash

10

Summary

“Focused

manufacturer of

engineered lifting

equipment”

•

Short term macro economic outlook of cautious markets in N America

with modest economic improvement. Anticipate zero growth in Europe.

•

Niche product and market strategy continues to deliver strong growth

potential.

•

Financial performance and strategic developments:

–

Solid Q2-2013, with 19% revenue growth and 10% EPS growth over

Q2-2012.

–

Balance sheet strength for continued growth.

–

Sabre acquisition.