AmeraMex International Announces Equipment Orders Totaling Approximately $ 1.0 Million

Rhea-AI Summary

AmeraMex International (OTCQB:AMMX) announced a new equipment order worth $1,005,000, contributing to a year-to-date sales total of $25 million. The company's revenue has surged from $8.7 million in 2017 to an estimated $23 million in 2021, marking a 25.5% CAGR. However, increased operational costs have pressured gross profit margins. AmeraMex aims to adjust pricing in 2022 to restore margins to the 25-30% range. The recent order consists of Taylor XEC 207/8 Empty Container Handlers, scheduled for delivery to a Southern California logistics firm by year-end.

Positive

• Year-to-date sales total $25 million.
• New equipment order valued at $1,005,000.
• Revenue growth from $8.7 million in 2017 to estimated $23 million in 2021.

Negative

• Increased overhead and labor expenses have reduced gross profit margins.
• Significant operational costs could affect future profitability.

Y-T-D sales total $25.0 million

CHICO, CA / ACCESSWIRE / November 2, 2021 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received an equipment order totaling $1,005,000. Year-to-date, AmeraMex has announced sales of approximately $25 million.

AmeraMex has grown its revenue from $8.7 million in 2017 to estimated revenue of $23 million for 2021, a 25.5 percent Calculated Average Growth Rate (CAGR) which included the negative impact COVID-19 had on revenue the first six-nine months of 2020. The rapid growth in 2021 coupled with significantly increased overhead expenses, labor expenses, spare parts and used equipment costs along with subcontractor costs, has reduced gross profit margins. Management is reviewing equipment, spare parts, and service pricing for 2022 that is expected to move margins back to the 25-30 percent range while remaining competitive.

The new order consisted of Taylor XEC 207/8 Empty Container Handlers. The equipment is expected to ship before the end of 2021 to a logistics company in Southern California.

The Taylor XEC-207/8 Dedicated Empty Container Handler has a 20,000-lb capacity and is designed to handle 8.5 foot containers stacked up to 8 high and 9.5 foot containers stacked up to seven high. The handler features a heavy-duty Taylor designed side-pick spreader, 180-inch wheelbase, 225 HP Tier 4 Final diesel engine, and end-user diagnostics.

For more information and pricing of logistics, construction, and forestry equipment or to receive information and arrange for a demonstration of the Kovaco Electric's 100 percent electric skid steer loaders or the line of ASV Posti-Tract and Skid Steer Loaders, contact the AmeraMex/Hamre Equipment sales team at 530.895.8955.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are key factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if added information becomes available in the future.

Investor and Media Relations

McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com

SOURCE: AmeraMex International, Inc.

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FAQ

What is the recent sales figure for AmeraMex International (AMMX)?

As of the recent press release, AmeraMex International reported year-to-date sales totaling $25 million.

What is the estimated revenue growth for AmeraMex International in 2021?

AmeraMex International's estimated revenue for 2021 is $23 million, growing from $8.7 million in 2017.

What is the value of the new equipment order announced by AmeraMex International?

AmeraMex International announced a new equipment order valued at $1,005,000.

When is the new equipment order expected to ship?

The new equipment order is expected to ship before the end of 2021.

What challenges is AmeraMex facing regarding profit margins?

AmeraMex has faced increased operational costs that have pressured gross profit margins, prompting plans to adjust pricing for 2022.