Maxim delivers best quarterly results in company history

By Hannah Sundermeyer03 August 2023

Maxim Crane Works has reported selected financial results for the second quarter 2023. The company publicized second quarter revenues of $254 million, an increase of 13 percent over prior year.

Photo: Maxim Crane Works

“We are excited to announce that we have delivered the best quarterly results in the company’s history in the second quarter of 2023 and remain ahead of our 2023 full year projections,” said Paul McDonnell, CEO, Maxim. “The continued improvement in results this quarter are an outcome of our team’s focus on delivering profitable growth in line with our go-forward strategy, which as I’ve noted before, aligns our customer strategy with an operational and fleet strategy to meet the customer’s needs in the industries and geographies in which they work.”

The second quarter also saw an adjusted EBITDA of $63 million, an increase of 31 percent over prior year, and a second quarter adjusted EBITDA margin rate of 25 percent, an increase of 4 points over prior year.

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