Welcome to our dedicated page for Ameramex Intl news (Ticker: AMMX), a resource for investors and traders seeking the latest updates and insights on Ameramex Intl stock.
AmeraMex International, Inc. (OTC Pink: AMMX) is frequently featured in news coverage for its activity in the heavy equipment market. The company’s releases highlight equipment orders, rental activity, and financial results tied to logistics companies, infrastructure construction, forestry conservation, mining, lumber, and related industrial sectors. AmeraMex describes itself as a premier provider of new and refurbished heavy equipment serving the logistics, construction, and industrial markets, with a mix of electric and diesel-powered machinery.
News about AmeraMex often focuses on new equipment orders and sales packages involving container handlers, forklifts, excavators, wheel loaders, telehandlers, and electric skid steer loaders sourced from manufacturers such as Taylor Machine Works, LiuGong North America, Magni, First Green Industries, ASV, CMI, and others. These updates provide insight into demand from ports, dry ports, distribution centers, sawmills, agriculture, forestry conservation, manufacturing, and warehouse operations.
AmeraMex also issues periodic financial updates, including unaudited quarterly and year-to-date results. These releases break down revenue from equipment sales and rentals and leases, discuss gross margins, and offer commentary from management on market conditions, customer behavior, and order pipelines. Shareholder updates describe expectations for revenue trends, profitability, and the role of refurbished equipment and rental fleets in the company’s performance.
Investors and industry observers following AMMX news can use this stream of announcements to monitor equipment order volumes, the balance between new and refurbished machinery, the adoption of electric heavy equipment, and the company’s exposure to logistics and infrastructure projects. Regular news items also shed light on AmeraMex’s strategic partnerships with equipment manufacturers and its efforts to serve both domestic and international markets.
AmeraMex International, a provider of heavy equipment, announced a $450,000 equipment order for a refurbished Taylor Reach Stacker, Model XRS-9972. The machine will be shipped to a customer in Eastern Canada by the end of the quarter. The XRS-9972 model is a versatile machine capable of handling diverse containers and features a telescopic boom for high stacking and an ISO container handling attachment.
AmeraMex International (OTC Pink: AMMX) reported a revenue of $3.3 million for Q1 2024, marking a 3% year-over-year increase from $3.2 million in Q1 2023.
However, gross profit declined significantly to -$148,268 from $818,308 in the previous year.
The company also reported a net loss of $436,343, compared to a net income of $101,103 in Q1 2023.
Loss per share was $-0.01, down from earnings per share of $0.01 last year.
Total assets decreased slightly to $18.5 million from $18.6 million at the end of 2023, while total liabilities increased to $14.9 million from $14.6 million.
Cash and cash equivalents fell to $163,507 from $588,128 at the end of 2023.
AmeraMex International (OTC Pink: AMMX), a heavy equipment provider, secured equipment orders worth $600,000. The orders include a refurbished Taylor Loaded Container Handler, two new LiuGong 5,000-pound capacity Forklifts, a refurbished Taylor TE520 Forklift, a refurbished Hyster H450 Empty Container Handler, a refurbished Hyster H400 Empty Container Handler, and a refurbished Taylor TE360 Forklift. The equipment is expected to ship by the end of Q2.
Additionally, AmeraMex is delivering the first of six reach stackers valued at $900,000 each to the US government this week. The company specializes in logistics, infrastructure construction, and forestry conservation.
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