| Quarterly Financial Data (Unaudited) |
Note 24. Quarterly Financial Data (Unaudited)
Unaudited Quarterly Financial Data
Summarized quarterly financial data for 2015 and 2014 are as follows (in thousands, except per share amounts).
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2015 |
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2014 |
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1st Qtr |
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2nd Qtr |
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3rd Qtr |
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4th Qtr |
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1st Qtr |
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2nd Qtr |
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3rd Qtr |
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4th Qtr |
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Net revenues |
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$ |
101,042 |
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$ |
100,513 |
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$ |
91,691 |
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$ |
93,491 |
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$ |
59,252 |
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$ |
64,926 |
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$ |
60,687 |
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$ |
62,299 |
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Gross Profit |
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|
18,002 |
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|
18,910 |
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|
17,395 |
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|
15,199 |
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|
11,599 |
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|
13,325 |
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|
10,242 |
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|
12,283 |
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Net (loss) income from
continuing operations
attributable to shareholders of
Manitex International,Inc. |
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|
(231 |
) |
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|
100 |
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|
(45 |
) |
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(3,856 |
) |
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|
2,279 |
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|
3,516 |
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|
1,761 |
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|
682 |
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Net income(loss) from
discontinued operations |
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7 |
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|
38 |
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|
254 |
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(1,639 |
) |
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(402 |
) |
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(530 |
) |
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7 |
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|
(210 |
) |
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Net (loss) income attributable to
shareholders of Manitex
International, Inc. |
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$ |
(224 |
) |
|
$ |
138 |
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|
$ |
209 |
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|
$ |
(5,495 |
) |
|
$ |
1,877 |
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|
$ |
2,986 |
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$ |
1,768 |
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$ |
472 |
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Earnings per Share |
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Basic |
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(Loss) Earnings from
continuing operations
attributable to
shareholders
of Manitex
International, Inc. |
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$ |
(0.01 |
) |
|
$ |
0.01 |
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|
$ |
(0.00 |
) |
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$ |
(0.24 |
) |
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$ |
0.17 |
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$ |
0.25 |
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$ |
0.13 |
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$ |
0.05 |
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Earnings (loss) from
discontinued operations
attributable to
shareholders of Manitex
International, Inc. |
|
$ |
0.00 |
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|
$ |
0.00 |
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$ |
0.02 |
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|
$ |
(0.10 |
) |
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$ |
(0.03 |
) |
|
$ |
(0.04 |
) |
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$ |
0.00 |
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|
$ |
(0.02 |
) |
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(Loss) Earnings
attributable to
shareholders
of Manitex International,
Inc. |
|
$ |
(0.01 |
) |
|
$ |
0.01 |
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|
$ |
0.01 |
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$ |
(0.34 |
) |
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$ |
0.14 |
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$ |
0.22 |
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$ |
0.13 |
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$ |
0.03 |
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Diluted |
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(Loss) Earnings from
continuing operations
attributable to
shareholders of Manitex
International, Inc. |
|
$ |
(0.01 |
) |
|
$ |
0.01 |
|
|
$ |
(0.00 |
) |
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$ |
(0.24 |
) |
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$ |
0.16 |
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$ |
0.25 |
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$ |
0.13 |
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$ |
0.05 |
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Earnings (loss) from
discontinued operations
attributable to
shareholders's of Manitex
International, Inc. |
|
$ |
0.00 |
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$ |
0.00 |
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$ |
0.02 |
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$ |
(0.10 |
) |
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$ |
(0.03 |
) |
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$ |
(0.04 |
) |
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$ |
0.00 |
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$ |
(0.01 |
) |
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(Loss) 'Earnings
attributable to
shareholders
of Manitex International,
Inc. |
|
$ |
(0.01 |
) |
|
$ |
0.01 |
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$ |
0.01 |
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$ |
(0.34 |
) |
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$ |
0.14 |
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$ |
0.22 |
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$ |
0.13 |
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$ |
0.03 |
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Shares outstanding |
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Basic |
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15,836,423 |
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16,014,059 |
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16,014,594 |
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16,015,219 |
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13,807,312 |
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13,822,383 |
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13,822,918 |
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13,980,142 |
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Diluted |
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15,836,423 |
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16,031,011 |
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16,014,594 |
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16,015,219 |
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13,840,506 |
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13,874,289 |
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13,873,157 |
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14,029,205 |
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Results for Sabre, Valla, Lift Venture, ASV, PM and Columbia Tank are included in the Company’s results from their respective effective dates of acquisition which are August 19, 2013, November 30, 2013, December 16, 2014, December 20, 2014, January 15, 2015 and March 12, 2015, respectively.
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