AMERAMEX INTL INC - AMMX STOCK NEWS

AmeraMex International (OTC Pink: AMMX) reports over $4.0 million in revenue for Q4 2024, with expectations to ship 13 more machines before year-end, making it the best quarter of the year. The company addressed a one-time reserve charge to inventory from Q3, explaining it as a contra-asset account established to account for potential losses in inventory value. CEO Lee Hamre indicates positive outlook for 2025 based on customer feedback following recent elections. The company provides heavy equipment solutions for logistics, infrastructure construction, and forestry conservation sectors.

AmeraMex International (OTC Pink: AMMX) reported financial results for Q3 and nine months ended September 30, 2024. Despite revenue increases of 61% for Q3 and 34% for the nine-month period, the company faced significant challenges. A one-time inventory adjustment of over $3.1 million and rental equipment depreciation issues led to increased Cost of Goods Sold. Q3 revenue was $1.9 million with a net loss of ($1.1 million), while nine-month revenue reached $9.0 million with a net loss of ($478,790). Total assets were $20.1 million, up $2.2 million, while total liabilities increased by $2.8 million to $17.2 million.

AmeraMex International (OTC Pink: AMMX) has secured new equipment orders worth $2.4 million. The orders include a new Taylor Equipment XRS9972 Reach Stacker for a Utah logistics company, two refurbished Taylor Equipment XRS9972 Reach Stackers for a Southern California container yard, two LiuGong Excavators for a West Coast construction company, and a refurbished Taylor Equipment Empty Container Handler for an Oakland customer. CEO Lee Hamre expressed satisfaction with third-quarter revenue growth and anticipates a strong fourth quarter finish and positive outlook for 2025.

AmeraMex International (OTC Pink: AMMX), a provider of heavy equipment for logistics, infrastructure construction, and forestry conservation, has announced a conference call to discuss their third quarter 2024 financial results. The call is scheduled for Monday, November 25, 2024, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time).

Participants can join using the dial-in number 1.201.689.8560. An audio replay will be available from November 25, 2024, at 5:00 p.m. Eastern Time until December 9, 2024, at 11:59 p.m. Eastern Time, accessible by dialing 1.412.317.6671 with pin number 13750228.

AmeraMex International (OTC Pink: AMMX) has secured new orders worth $585,000. The orders include Taylor Equipment Forklifts for West Coast customers, a Taylor Equipment Empty Container Handler and Spreader Attachment for a Los Angeles-based customer, and an ASV-70 Skid Steer Loader for a Northern California customer. CEO Lee Hamre expressed optimism about Q4 performance and noted that contractors are planning to initiate various projects in spring that were previously delayed due to inflation and interest rates.

AmeraMex International (OTC Pink: AMMX) has completed the installation of six new Taylor Equipment Reach Stackers at a US Military facility, fulfilling a $6.6 million contract announced in June 2024. The six-year agreement will generate approximately $6.6 million in revenue for the company. CEO Lee Hamre stated that at the contract's end, the reach stackers will be resold to new customers.

Additionally, AmeraMex has received new orders totaling $325,000 for two Taylor Equipment forklifts: a 92,000 pound-capacity forklift for a Colorado customer and a 28,000 pound-capacity forklift for a Northern California customer.

The Taylor Equipment Reach Stackers are versatile machines capable of handling various container types, with a telescopic boom allowing for high-stacking capabilities and a 20-40 ISO Container Handling Attachment.

AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment, participated in the Timber Processing & Energy Expo held September 25-27 in Portland, Oregon. The expo brought together over 110 exhibitors and 1,200 attendees from 35 states and 15 countries, representing various wood-related industries.

AmeraMex's booth featured the Taylor X-300S Lumber Lift, designed for sawmills with a 30,000-lb lift capacity. CEO Lee Hamre expressed optimism about potential orders, stating, "Based on the interest in the X-300S, I expect we will have our first order later this month." The X-300S retails for approximately $290,000.

The company offers equipment for logistics, construction, and forestry industries, including electric skid steer loaders, excavators, and telescopic handlers. AmeraMex has over 30 years of experience in heavy equipment sales and service.

AmeraMex International (OTC Pink: AMMX) has received orders totaling approximately $960,000. The company is introducing Firstgreen Industries' electric skid steer loaders in California, benefiting from the state's Clean Off-Road Equipment Voucher Incentive Program (CORE). Six additional Firstgreen Industries' electric skid steer loaders were ordered this week.

Firstgreen's electric skid steers offer up to 9 hours of runtime on one battery or 24 hours with battery swapping. The company offers nine models across four lines, including remote-controlled options. Key models include the Elise 700, 900, and 1200, with load capacities ranging from 1,500 to 2,600 pounds.

AmeraMex also sold an ASV Holdings' RT-50, a mid-sized compact track loader. The company provides equipment for logistics, construction, and forestry industries.

AmeraMex International (OTC Pink: AMMX) has received orders totaling $1.1 million for heavy equipment. The orders include a Taylor Equipment loaded container handler modified for steel coils, two LiuGong 36,000-pound capacity forklifts, a Taylor 92,000-Pound Capacity Forklift, and a Firstgreen Industries' Electric Skid Steer Loader. CEO Lee Hamre highlighted California's Clean Off-Road Equipment Voucher Incentive Program (CORE), which provides cash rebates for zero-emission construction machinery, potentially boosting sales of electric equipment. AmeraMex, with over 30 years of experience, serves industries including construction, logistics, mining, and lumber.