Ameramex Intl Stock Price, News & Analysis

AmeraMex International (OTC Pink: AMMX), a supplier of heavy equipment for logistics, infrastructure construction, and forestry conservation, announced orders totaling $1.2 million. These include two refurbished Taylor Equipment Reach Stackers, destined for a customer in Montreal, and a Taylor Equipment T-520 Forklift ordered by a customer in Massachusetts. The T-520 Forklift, with a 52,000-pound lifting capacity, offers features including diesel operation, pneumatic tires, and over 10 feet of lifting capability. The Reach Stackers are versatile, equipped with a telescopic boom and multiple container-handling capabilities.

AmeraMex has over 30 years of experience in the heavy equipment sector, providing sales, leasing, and rental services to various industries such as construction, logistics, mining, and lumber.

AmeraMex International (OTC Pink: AMMX) announced the delivery of its second Taylor Equipment Reach Stacker to the US Military as part of a $7 million, five-year rental agreement. Each stacker, valued at approximately $900,000, is part of an order placed in October 2022. The company has already shipped the first stacker, with the third currently in transit and the remaining three expected within two months. CEO Lee Hamre highlighted the efficiency of rental agreements for steady cash flow and future resale opportunities. The Reach Stackers are versatile machines capable of handling diverse container types with advanced features such as a telescopic boom and ISO container handling attachment.

AmeraMex International, a provider of heavy equipment for logistics, construction, and forestry, announced new orders totaling $355,000. The order includes a refurbished Taylor Equipment Forklift, a Caterpillar D-10-N Crawler Dozer, and two Liu Ging Forklifts. The equipment will be shipped by the end of Q2 2024. The Caterpillar Dozer, with a 520 hp turbocharged engine, is designed for heavy-duty tasks. For more information on their equipment, visit AmeraMex's website or contact their sales team.

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.