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 (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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