Ameramex International Inc. (AMMX) research, news, and more from GeoInvesting

Company description

Thu, 28 Apr 2022 14:54:30 GMT

AmeraMex International, Inc. sells, leases, and rents new and refurbished heavy equipment primarily in the United States. Its products are used in light and infrastructure construction, shipping logistics, logging, mining, transportation, commercial farming, and forestry industries. The company also sells parts; and provides repair and maintenance services. It serves customers in the United States, Canada, Latin America, Asia, and Africa. The company was incorporated in 1989 and is based in Chico, California.

Research

Wed, 14 Jan 2026 23:37:16 GMT

AmeraMex International, Inc. (OOTC:AMMX) ($0.13; $2.0M market cap) announced a shareholder update:

Estimated 2025 revenue of $15–16 million vs. $14.9M in 2024 and $13.4M in 202
Expected return to profitability in 2025 after net losses in the two previous years
Ongoing long-term rental relationship with U.S. Government
Increased RFP activity from logistics providers and distribution centers
Renewed interest and projected growth in heavy equipment demand from Central America
Continued focus on rental fleet modernization and strategic equipment sales
Diverse OEM partnerships across electric and heavy equipment platform

Management Commentary:

"As we finalize our 2025 results, we anticipate revenue in the range of $15 to $16 million, compared to $14.9 million in 2024 and $13.4 million in 2023. We also expect to return to profitability in 2025 following net losses of $1.2 million in 2024 and $1.4 million in 2023.

Our largest rental customer continues to be the U.S. Government, and we expect to maintain this relationship for years to come. At the conclusion of each Rental Agreement, equipment is replaced with newer, more technologically advanced units. Returned equipment is then either added to our rental fleet or sold into the marketplace as quality used inventory.

Looking ahead, we believe 2026 will be a stronger year for the Company. Requests for Proposals (RFPs) from logistics providers serving both wet and dry ports, as well as major distribution centers, have increased—representing significant revenue opportunities for AmeraMex. We are also seeing renewed interest from Central America, where analysts project heavy-equipment demand growth of approximately 3–4 percent annually."

Our Quick Take:

We have been following AMMX for several years, and the company has overpromised and underdelivered on several occasions in the past. Today’s release does seem to be the most detail-oriented growth strategy it has shared. We will see if the company can begin to deliver consistent quarter over quarter improvements as we move forward in 2026.

AmeraMex International, Inc. sells, leases, and rents heavy equipment, along with parts, maintenance, and transport services, to industries such as logistics, construction, logging, military, and forestry.

Research

Thu, 04 Sep 2025 14:05:52 GMT

AmeraMex International, Inc. (OTC:AMMX) ([Share Price]; [Market Cap] market cap) announced new equipment orders totaling approximately $1.7 million:

Key highlights:

Received $1.7 million in equipment orders.
First order: refurbished Taylor Equipment loaded container handler shipping to a Utah dry dock facility.
Second order: new LiuGong electric wheel loader and LiuGong electric reach stacker.
Equipment benefits include zero emissions, lower noise levels, long battery life, fast charging, and suitability for port/logistics environments.

Our Quick Take:

This order marks the fourth contract announcement since the company announced its Q1 2025 results at the end of May.

Research

Tue, 18 Feb 2025 15:50:34 GMT

Ameramex International Inc (OTC:AMMX) ($0.19 $2.7M market cap), announced it has received $3.3 million in new orders. This marks the third $1+ million order since the start of 2025.

AMMX is a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States.

Research

Sun, 01 Dec 2024 05:00:00 GMT

Ameramex International Inc (OTC:AMMX) – On Tuesday we covered the company’s disastrous Q3 2024 results, which was only followed by additional confusion on the conference call.

However, there were some positives on the call, and management issued a new release reiterating the positives and clearing up some of the confusion with COGS inventory write downs and the Q2 financials.

On Q4 2024 outlook:

“During yesterday’s shareholder’s conference call, I was asked to give revenue guidance for the fourth quarter. We currently have booked over $4.0 million in revenue and expect to ship another 13 machines before the end of the year, making the fourth quarter the best of the year. As we mentioned in the conference call, based on feedback from our customers after the recent elections, 2025 is expected to be a good year for their business which will benefit AmeraMex.“

On inventory reserve:

“The Inventory Reserve is a contra-asset account on a company’s balance sheet. It is made in anticipation of inventory that will not be sold. An inventory reserve is established to account for potential losses in inventory value due to factors like damage, spoilage, obsolescence, or simply being unable to sell certain inventory. Essentially, it creates a buffer to prevent overstating the value of a company’s assets on financial statements and is compliant with both SEC regulations and Generally Accepted Accounting Principles (GAAP).

The contra account changes each quarter. When inventory is lower, the adjustment is reduced when inventory is higher, the adjustment increases. Companies cannot guarantee that all parts and inventory can be sold, the assets (inventory) are reduced by a percentage so as not to overstate the company’s position. This is a compromise used instead of writing off parts and machines that are old but at some point, may be sold.”

On Q2 financials confusion:

“…there was discussion regarding the financial statements for the Company’s second quarter ended June 30, 2024. The statements are correct as stated.”

So, the $0.07 EPS and $3.8 million in sales for Q2 2024 was accurate. One thing to keep in mind is that margins in that quarter were extremely strong, and Q4 margins will be lower.

AMMX is a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States.

Research

Tue, 26 Nov 2024 15:26:31 GMT

Ameramex International Inc (OTC:AMMX) ($0.21 $14.2M market cap), announced Q3 2024 results:

Sales of $1.9 million vs $1.2 million in the prior year
GAAP loss per share of $0.07 vs EPS of $0.00 in the prior year (see COGS below)

“While the Company's revenues were up 61 percent for the third quarter and 34 percent for the nine-month period ended September 30, 2024, Cost of Goods Sold (COGS) for the quarter significantly increased when compared to the second quarter ended June 30, 3024 and for the comparable third quarter ended September 20, 2023.

The increase in COGS for sales revenue was due in part to a reserve journal entry that had to be made to the Inventory. This accounting adjustment, 25 percent of the value of equipment inventory and 50 percent of the value of parts inventory, was made to cover any possible miscounts or errors in the inventory records. The adjustment made for the nine-month period ended September 30, 2024, which was just over $3.1 million, reduced inventory while increasing COGS in the third quarter.”

As usual, management disappointed once again. They did a very poor job on the conference call explaining the COGS accounting adjustment. They say they will provide further details after having time to speak with auditors.

One positive from the call is that the CEO claims Q4 will likely be the strongest quarter in the company’s history with possibly $6 million in revenues. The margins may be lower than Q2 2024 which saw the company report $0.07 EPS on $3.8 million in revenue. The CFO talked about margin mix of used vs. new equipment sales and how Q2 2024 seems to be an outlier with 68% gross margins vs. normalized gross margins of around 25%. Management’s ineptness over financial aspects of the business makes the story a risky play from an accounting controls point of view.

Given a long history of overpromising and under-delivering, It is hard to take any of management's comments without caution, but will see how Q4 plays out and if the comments about a stronger 2025 continue in the next report. There is also upside if this circus act will ultimately benefit from the expected increased release of funds from the $1.2 trillion Bipartisan Infrastructure Law (although, we are not quite sure if the republican controlled congress will revisit/amend the bill).

AMMX is a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States.

Research

Mon, 22 Jan 2024 11:41:40 GMT

Ameramex International Inc (OTC:AMMX) a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, had two recent contract wins we wanted to highlight:

On Jan 11, 2024 the company won a $1.1 million equipment order
On Jan 17, 2024 the company won a $857,000 equipment order

We are starting the year off with a 'bang' and expect to up the pace this year. Today's announcement consists of orders including a Taylor Equipment Forklift with a 36,000-pound lift capacity shipping to a customer in Tennessee; a Taylor Equipment Coil Handler shipping to an international customer; 12 forklifts shipping to a large food warehouse on the West Coast; two UTR trucks shipping to a West Coast customer; and two new First Green Industry's Electric Skid Steer machines. It has been a busy week for the sales team,"

Research

Tue, 06 Jun 2023 19:01:32 GMT

Ameramex International Inc (OTC:AMMX) ($0.20 $2.9M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced it has received a $2.1 million equipment rental agreement.

Research

Mon, 15 May 2023 14:55:15 GMT

Ameramex International Inc (OTC:AMMX) ($0.28 $4.2M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced, Q1 2023 results:

Sales of $3.2 million vs $5.0 million in the prior year
EPS of $0.01 vs EPS of $0.02 in the prior year

“We are pleased with our first quarter results. Last year was a great first quarter as we experienced a significant increase spurred by pent up demands in the marketplace. Our first quarters are historically our weakest revenue quarters for the year as customers place orders in the fourth quarter to take advantage of capital investment tax write-offs before year end.”

“This decrease is due in part to steps taken by the Federal Reserve to lower/contain inflation and the delayed renewal of a U.S. Government contract.”

Research

Fri, 31 Mar 2023 19:57:06 GMT

Ameramex International Inc (OTC:AMMX) ($0.41 $6.0M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced, Q4 and full year 2022 results:

Sales of $4.4 million vs $5.8 million in the prior year
Loss of $0.04 vs EPS of $0.07 in the prior year
Full year sales of $19.2 million vs $24.7 million
EPS of $0.06 vs EPS of $0.11

“Last year was another good year for AmeraMex with revenues over $19 million. When comparing 2022 revenue to that of 2021, one must remember that 2021 saw a substantial jump in revenue due to pent-up demand for equipment following the COVID pandemic. I am pleased with the year and expect 2023 to be an exceptional year.”

“During 2022, the Company lost $1.5 million in revenue with the expiration of a large rental agreement. A new agreement has been signed for 2023, which extends through 2026.”

When we first started tracking the company on GeoInvesting, we mentioned that management had a propensity to make positive commentary in its press releases that just don’t play out.

This seemed to be the case in 2022, as they had indicated on numerous occasions during 2022 that the company would end the year strong after mitigating inflationary and supply chain challenges.

Now, with a new CEO in place, we will have to see if the company’s messaging becomes more transparent.

The conference call is on Tuesday April 4th at 11:30 AM EST, we will be on the call to see if management offers more specific guidance for 2023.

Research

Wed, 21 Dec 2022 14:18:36 GMT

Ameramex International Inc (OTC:AMMX) ($0.41 $6.0M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, held a conference call yesterday to discuss its Q3 2022 results and its outlook for Q4 2022 and heading into 2023.

Main takeaways from the call

Management is bullish on its served markets for 2023
Sales into new markets could alone provide high margin opportunities to double sales in 2023 (on the heels of Infrastructure Bill)
Expects strong Q4 2022

Management's comments suggest pretty strong financials for 2023. However, it should be noted that the company operates in a low P/E industry. That being said, a P/E multiple of 5 could still lead to substantial upside in the stock, 2023 EPS would equate to $0.32, using the margins from the third quarter and a sales-doubling assumption. Applying a PE of 5 to that EPS would equate to a price of $1.60.

Research

Mon, 03 Oct 2022 04:00:00 GMT

Ameramex International Inc (OTC:AMMX) ($0.33 $4.8M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced it has received a $1.9 million equipment order.

“We are just finishing our third quarter and as mentioned in our Second Quarter Financial Release, we had a $3 million backlog of equipment to ship this quarter in addition to our third quarter sales. Our supply chain problems and transportation issues are improving, and our team of mechanics and drivers have been working overtime to move out as much equipment as possible.

“The equipment we refurbish is exceptionally large and after it is refurbished, it is broken down into multiple pieces and trucked to the customer. Once the equipment has arrived, a mechanic is flown in to have the equipment reassembled. We have a hardworking team and expect another great year for the Company.”

Research

Mon, 15 Aug 2022 04:00:00 GMT

Back order in parts impacts what could have been a nice quarter

Ameramex International Inc (OTC:AMMX) ($0.46 $6.8M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States announced Q 2022 results:

Sales of $2.4 million vs $4.9 million in the prior year
EPS of $0.01 vs $0.01
Gross profit for the quarter was $420,000, compared to gross profit of $970,000 for the comparable quarter. If the additional equipment had shipped, gross profit would have been approximately $3 million.

“Had all the equipment shipped as planned, the Sales of Equipment and Other Revenues would have been $5,066,746, $115,140 more than the comparable 2021 quarter. These delays in shipping were caused by back-ordered parts, interstate trucking delays and lack of availability of third-party shippers.

The Company is committed to getting the remaining machines shipped in the third quarter as well as continuing its ongoing sales efforts.”

If there is one positive take away from the announcement, it is that gross profit would’ve been way up versus the same time last year at a slight increase in revenue. This could position the company for dramatically higher profitability if they can indeed ramp up revenue growth.

Research

Wed, 20 Jul 2022 17:41:03 GMT

Ameramex International Inc (OTC:AMMX) ($0.52 $7.6M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States. AMMX CEO Lee Harme was interviewed by The Stock Day Media podcast, yesterday we tweeted a link to the audio and encouraged everyone to listen as Lee mentions he sees very strong sales growth for the remainder of the year and touched on how a recession would actually be beneficial to their business in the long term. The interview also touches on the hire of new president Brian Hamre and the company’s ability to handle inflationary pressures.

Below is an exchange worth noting:

Sever Copely, Stock Day Podcast 06:11

That sounds amazing. Now you've had a great 2021. And I've seen your press releases for this year up till now. And I won't give out details yet because I'd like to hear it from you. How is 2022 shaping up for the company?

Lee Hamre, CEO AMMX 06:26

Excellent, I think we’ll beat 2021, last year's totals. And I've got stuff working right now, where I can foresee doubling where we're at right now in the next 90 days. And by the end of the year, maybe half again more.

You can listen to the full interview here.

Research

Thu, 30 Jun 2022 15:26:43 GMT

Ameramex International Inc (OTC:AMMX) ($0.47 $7.0M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced it has received an order for $1.2 million from the U.S. Military, bringing year to date order totals to $13.7 million.

Research

Tue, 31 May 2022 15:29:13 GMT

Ameramex International Inc (OTC:AMMX) ($0.67 $10.0M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced it has received an order for $1.1 million, bringing year to date order totals to $11.7 million.

Research

Mon, 23 May 2022 14:27:34 GMT

Ameramex International Inc (OTC:AMMX) ($0.78 $11.7M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced Q1 2022 results:

Sales of $4.9 million vs $4.0 million in the prior year
EPS of $0.02 vs $0.03 in the prior year

“We are pleased with our first quarter results. Last year was a great first quarter as we experienced a significant increased spurred by pent up demands in the marketplace. Our first quarters are historically our lowest quarter for the year as customers place orders in the fourth quarter to take advantage of capital investment tax write-offs before year end.

Over the past five years our first quarter revenue has grown from $2 million in 2018 to $4.9 million in 2022. The Company’s compounded annual growth rate over the past five years, considering a decrease in 2020’s first quarter due to effects of the pandemic, is 21 percent.”

Higher cost of sales and increased wages impacted the bottom line in the quarter. There were also some costs recognized in the quarter that were associated with a certain project, where the corresponding revenue will be recognized in the second quarter. With recent order momentum, will need to monitor if sales growth can outpace increased expenses to begin to drive bottom line growth.

Research

Mon, 16 May 2022 14:43:09 GMT

Ameramex International Inc (OTC:AMMX) ($0.80 $11.7M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced a new order for $547,000, bringing year to date sales up to $10.6 million.

Research

Wed, 11 May 2022 15:08:53 GMT

Ameramex International Inc (OTC:AMMX) ($0.75 $10.98M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced a new order for $770,000, bringing year to date sales up to $10.1 million.

Research

Tue, 03 May 2022 14:30:31 GMT

Ameramex International Inc (OTC:AMMX) ($0.75 $10.98M market cap), a company that sells, leases, and rents new and refurbished heavy equipment across multiple disciplines, primarily in the United States, announced a new order for $855,000, bringing year to date sales up to $9.4 million.
You can see our reasons for tracking the stock here. Recall that we just added the stock to our Run to One and Select Long Disclosure Model Portfolios last week.

Research

Fri, 29 Apr 2022 15:45:53 GMT

**Call To Action and RFT on AMMX

Adding AMMX to Select Long Disclosure Model Portfolio after yesterday’s addition to Run to One and Speculative Model Portfolios

Ameramex International Inc (OTC:AMMX) ($0.70 $10.2M market cap) sells, leases, and rents new and refurbished heavy equipment primarily in the United States. Its products are used in light and infrastructure construction, shipping logistics, logging, mining, transportation, commercial farming, and forestry industries.

Yesterday we added the stock to our Run to One model portfolio and speculative long portfolio:

Now, we’ve also included it in our Select Long Disclosures Model Portfolio.

See full reasons for tracking note here.

Reasons For Tracking

Fri, 29 Apr 2022 04:00:00 GMT

We came across AMMX while doing our 52 week high screen research, a task we love doing when the market is pulling back to see what and why certain stocks are outperforming the broad market. As a matter of fact, it was one of only 4 OTC stocks that came across our internally developed new high screener. That helps to make our research and idea generation much easier!

Some quick reasons why we are tracking AMMX now follow:

Please see our entire note here:

30 Year Old Heavy Equipment Company AmeraMex International Enters Our Portfolios On Heels of Strong Results and Guidance [Reasons For Tracking]