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
CA – November 16, 2015 – AmeraMex
International, Inc. (OTC: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.
Third Quarter Ended September 30, 2015
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.
company reported net income for the quarter of $.102 million compared to net income
of $.317 million for the 2014 quarter.
Nine-Month Period Ended September 30,
for the nine-month period was approximately $3.9 million compared to revenue of
$6.1 million for the comparable 2014 period.
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.
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
About AmeraMex International: 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, www.AMMX.net or www.hamreequipment.com.
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.
Financial Tables are available on the attached PDF file.