with where to to begin a X second call Please attention today. good will Page of Thank the results. our you, presentation, turn our Paul, everyone joining discussion morning on us quarter and of your we
increasing second both organic and the value the creation order financial quarter contributing solid by end across lifting expansion, in execution continued backlog continued markets, initiatives. against prior team strong margin excellent of year growth another above performance, level. is quarter momentum Demand favorably elevating with further and Our trending to equipment our highlighted rental, delivered new in
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in second part report our earnings The centers our all on I've that Manitex. improvements operating The enhancing strategy joining the is has of quarters. five year-over-year performance. delivered fifth since management team issued This
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capital plan allocation. our on disciplined focus a of initiative is final and third The
to to As operations. we growth, allocation have investments support our in prioritize existing in XXXX, reduction, our debt will continue capital and discussed capital maintenance select organic
our further XXth, times. progress leverage results operating June second X.X during Our with X.X lower net ratio strong our year-end. at driven ratio We from short-term the leverage net goal declining down quarter, of is as by times to to times X made our below
strong allow the drive our to capital to We operating the leverage target. our us half results in focus working of expect year and back towards
our strategy, that operational objectives our the our our initiatives. of found be commercial coupled As in generate through our we our reflect to strength expect on three-year of and Page with part presentation. X markets, strategic These elevating end introduced of targets can financial benefits confidence underlying we excellence
the left of we believe targets. lot remain right these to a there's track While achieve we hard on to work do,
to Before remained team for through allow I progress the strategic Joe, the over make demand call me concluding Customer remarks a to our July few has our outlook to on meaningful turn and initiatives. XXXX. strong continues around provide
performance Our putting the platform remain XXXX build systems improved a to reduction. while operating for growth, processes in for on debt and and our focused leverage priorities reducing through financial place
double-digit adjusted results, solid to over is sustained Joe half market to trends, results. a our EBITDA improvements, XXXX. now growth deliver I track review margin our low first believe it end detailed turn we in Manitex for Given of will on and favorable
