Overview

• US heavy equipment provider's Q1 revenue up slightly from prior year

• Gross profit rose 80% on improved cost management and operational efficiency

• Company swung to net profit; reported EPS at $0.01 versus break-even last year

Outlook

• Company remains focused on operational efficiency and capturing opportunities in domestic and international markets

• AmeraMex sees continued demand across logistics, infrastructure, and forestry industries

Result Drivers

• COST MANAGEMENT - Co said strong cost management and improved operational efficiency drove 80% increase in gross profit and expanded gross margin to 26% from 14%

Company press release: ID:nNFC8BLM31

Key Details

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.