Armac Locação, Logística e Serviços S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 07:48 pm EDT
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Armac Locação, Logística e Serviços S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was BRL 30.84 million compared to BRL 10.8 million a year ago.
For the six months, net income was BRL 58.8 million compared to BRL 18.47 million a year ago. Basic earnings per share from continuing operations was BRL 0.17. Diluted earnings per share from continuing operations was BRL 0.17.
Armac Locacao Logistica e Servicos SA is a Brazil-based multi-category equipment leasing platform. The Company offers yellow line equipment, which includes wheel loaders, hydraulic excavators, backhoe loaders, crawler tractors, mini loaders, motor graders, road rollers, agricultural tractors, lifting platforms, forklifts and trucks, among others. The Company serves a customer base distributed across 23 Brazilian states and the Federal District, in the agricultural logistics, agro-industrial, fertilizer, mining, pulp and paper, food & beverage, transportation and infrastructure sectors. The Company's business model consists of converting the ownership of the equipment into a service provided to the customer, in contracts that include availability for 24-hour maintenance on the asset and flexibility to return or replace the equipment when the customer's project is completed.
ARMAC LOCAÇÃO, LOGÍSTICA E SERVIÇOS S.A. 
