Manitex International, Inc. (NASDAQ:MNTX) Q3 2023 Earnings Call Transcript

Michael Coffey: Well, yes, so we don’t – we’re not prepared to talk about a distinct or detailed timeline along that. But we are at the early stages of sharing supply chain. So we have a supply chain directive in Europe and a supply chain directive in North America. And many of the products that we’re acquiring in both areas are complementary, and many of the suppliers actually have the same ownership or we’re sharing suppliers. So we see as an opportunity for us to broaden that, bring more value to supply chain to help eliminate costs of the supply chain. And then there are some products in Europe that are distinctly well suited for North America. And some of the products in Europe are 100% North American, so we’re looking at that.

But I would characterize it as the early innings in the early stages. And when we’re prepared for – when we are prepared to release the timeline, we’ll let you know. But at this stage, it’s a very early consideration of a long-term process.

Ted Jackson: Okay. That’s it for me. Again, congratulations on the quarter. Talk to you soon.

Michael Coffey: Thanks, Ted. I appreciate the questions.

Operator: The next question is from Mike Shlisky with D.A. Davidson. Please go ahead.

Michael Coffey: Good morning, Mike.

Operator: Mr. Shlisky, your line is open. You seem to be on hold, and we are just hearing music from his line. That’s the last of the questions. I’ll hand the conference back over to Michael Coffey for closing remarks.

Michael Coffey: Thanks very much, operator. And I just want to thank everyone for your interest in Manitex and our investors for their support and long-term investments in the company. It means a lot to us, and we’re grateful for it. Thank you for joining the call. If we don’t get a chance to connect during the quarter, we wish you the best and look forward to seeing you soon. And with that, that will conclude our call today.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.