AmeraMex International, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 17, 2024
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AmeraMex International, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 1.46 million compared to USD 1.11 million a year ago. Revenue was USD 13.38 million compared to USD 19.31 million a year ago.
Net loss was USD 0.764741 million compared to net income of USD 0.962157 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
AmeraMex International, Inc. is a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation. The Company sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. It maintains a complete maintenance organization, which includes a large parts inventory and service department with certified service techs, along with a steam cleaning service, and paint shop for refurbishing equipment. The Company sells, leases and rents a variety of new and refurbished heavy equipment to companies in the United States, Africa, Canada, Central America and Mexico. It also sells parts and provides repair and maintenance services directly to customers at its Northern California location. It acquires used equipment for resale through trade-ins from its customers, returned customer leases, and selective purchases. It serves rental companies, retailers, warehouses, and food distribution.