Ameramex International Q1 revenue rises slightly, gross profit jumps 80%

AMERAMEX INTERNATIONAL INC

AMERAMEX INTERNATIONAL INC

AMMX

0.00


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$4.7 mln

Q1 EPS

$0.01


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