AmeraMex International Reports Third Quarter Revenue of $1.7 Million and Revenue of $3.9 Million for the Nine-Month Period
Shareholder Conference Call Friday, November 20 at 11:00 p.m. PT
(firmenpresse) - CHICO, CA -- (Marketwired) -- 11/16/15 -- (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its third quarter and nine-month period, ended September 30, 2015.
The company reported revenue of approximately $1.7 million compared to revenue of approximately $2.2 million for the third quarter of 2014. Gross profit for the quarter was approximately $.632 million compared to gross profit of $1.1 million for the third quarter of 2014.
The company reported net income for the quarter of $.102 million compared to net income of $.317 million for the 2014 quarter.
Revenue for the nine-month period was approximately $3.9 million compared to revenue of $6.1 million for the comparable 2014 period.
The company reported net income of approximately $.343 million for the period compared to net income of approximately $.598 million for the comparable period in 2014.
AmeraMex CEO Lee Hamre commented, "Our revenue for the third quarter and nine-month period was significantly lower when compared to the same periods in 2014. This is due in part to product mix, new products versus refurbished products, along with time required to refurbish and ship larges pieces of equipment before the end of the quarter. We are on target to report a record fourth quarter."
The shareholder conference call, chaired by AmeraMex CEO Lee Hamre, is scheduled for Friday, November 20, 2015 at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern Time.
The conference call dial-in number for both U.S. and international callers is 1.719.325.2420 and the conference call ID is 2447737. An audio replay of the conference call will be available from November 19, 2015 at 5:00 p.m. Eastern until December 3, 2015 at 11:59 a.m. Eastern. The replay can be accessed by dialing 1.858.384.5517 and entering conference pin number 2447737.
AmeraMex International sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex International''s largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. AmeraMex, with customers in the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and maintains an inventory of top-of-the-line equipment and parts from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment. For more information visit the AmeraMex website, or .
Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
Marty Tullio
McCloud Communications LLC
Phone: 949.632.1900
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Datum: 16.11.2015 - 14:31 Uhr
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News-ID 1399815
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