Y-T-D sales total $25.0 million
CHICO, CA / ACCESSWIRE / November 2, 2021 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received an equipment order totaling $1,005,000. Year-to-date, AmeraMex has announced sales of approximately $25 million.
AmeraMex has grown its revenue from $8.7 million in 2017 to estimated revenue of $23 million for 2021, a 25.5 percent Calculated Average Growth Rate (CAGR) which included the negative impact COVID-19 had on revenue the first six-nine months of 2020. The rapid growth in 2021 coupled with significantly increased overhead expenses, labor expenses, spare parts and used equipment costs along with subcontractor costs, has reduced gross profit margins. Management is reviewing equipment, spare parts, and service pricing for 2022 that is expected to move margins back to the 25-30 percent range while remaining competitive.
The new order consisted of Taylor XEC 207/8 Empty Container Handlers. The equipment is expected to ship before the end of 2021 to a logistics company in Southern California.
The Taylor XEC-207/8 Dedicated Empty Container Handler has a 20,000-lb capacity and is designed to handle 8.5 foot containers stacked up to 8 high and 9.5 foot containers stacked up to seven high. The handler features a heavy-duty Taylor designed side-pick spreader, 180-inch wheelbase, 225 HP Tier 4 Final diesel engine, and end-user diagnostics.
For more information and pricing of logistics, construction, and forestry equipment or to receive information and arrange for a demonstration of the Kovaco Electric's 100 percent electric skid steer loaders or the line of ASV Posti-Tract and Skid Steer Loaders, contact the AmeraMex/Hamre Equipment sales team at 530.895.8955.
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SOURCE: AmeraMex International, Inc.