AmeraMex International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 23, 2022 at 11:54 am EST
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AmeraMex International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.180957 million compared to USD 0.588746 million a year ago. Revenue was USD 7.48 million compared to USD 8.18 million a year ago. Net income was USD 0.92885 million compared to USD 0.082691 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.01 a year ago.
For the nine months, sales was USD 0.910172 million compared to USD 2.02 million a year ago. Revenue was USD 14.81 million compared to USD 18.51 million a year ago. Net income was USD 1.43 million compared to USD 0.52657 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.04 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.
AMERAMEX INTERNATIONAL, INC. 
