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 (OTCQB:AMMX) has announced a new equipment order valued at $239,000, following a previous order of $400,000 for Taylor Machine forklifts. The latest order consists of an empty reach stacker for container handling, set to be shipped to Southern California. Over the past eight weeks, the company has reported total sales of $3.8 million. With over 30 years of experience in the heavy equipment industry, AmeraMex serves diverse sectors including construction, logistics, and forestry.
AmeraMex International (OTCQB:AMMX) reported sales of $3.5 million over the last six weeks, highlighting a growing demand in the heavy equipment sector. The company secured two significant orders totaling $416,500. The first order includes two near-new Taylor Machine FLX360M forklifts, which will be shipped to a container yard in Southern California. The second order consists of a utility truck destined for a packing plant in California. AmeraMex continues to expand its offerings in logistics, construction, and forestry industries.
AmeraMex International (OTCQB:AMMX) has secured an equipment order worth $199,500 for a refurbished Taylor Machine XH360 forklift, which has a 36,000-pound capacity. The equipment is ready for shipment to a California-based manufacturer this week. CEO Lee Hamre noted that the company's sales orders for the third quarter have reached approximately $3.1 million, excluding a one-year equipment rental of $108,000. Despite a challenging first half due to the COVID-19 pandemic, the team anticipates strong performance in the latter half of the year.
AmeraMex International, Inc. (OTCQB:AMMX) announced an equipment order worth $370,000 for a refurbished Taylor Machine X360L forklift with a 36,000-pound capacity. Scheduled for shipment next week to a container handling facility in Southern California, this order enhances the company’s inventory management. Additionally, AmeraMex shipped spare parts totaling $6,000 to West Coast customers. This development showcases the company’s capability to meet client needs in logistics and equipment supply.
AmeraMex International (OTCQB:AMMX) reported significant declines in revenue due to COVID-19. For Q2 2020, revenue dropped by 67% to $1,782,658 from $5,473,041 in Q2 2019. The six-month revenue fell by 59%, totaling $3,221,154. Despite a gross profit of $430,288 in Q2, the company posted a net loss of $(439,840), down from net income of $24,032 a year prior. Positive signs include July sales exceeding $2.2 million, indicating a potential recovery.