AmeraMex International reports developments in heavy equipment sales, leasing and rentals for logistics, construction, mining, lumber and forestry-related customers. The company supplies new and refurbished electric and diesel-powered equipment, including container handlers, forklifts, excavators, rough-terrain forklifts and Magni telehandlers.
Company news commonly covers equipment orders, refurbishment activity, rental fleet updates, customer demand from ports and distribution centers, and grant-supported replacement of older diesel machinery with cleaner equipment. AmeraMex also reports periodic financial results, margin trends, profitability updates and shareholder outlooks tied to its heavy-equipment markets.
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.