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AmeraMex International Announces Financial Results for the Second Quarter and Six-Month Period Ending June 30, 2025
Newsfileยท 2025-09-30 11:32
Core Insights - AmeraMex International reported a decline in financial performance for the second quarter and six-month period ending June 30, 2025, compared to the same periods in 2024, primarily due to customers delaying projects and opting for equipment rentals in anticipation of tariff increases [2][7][10]. Financial Performance Summary Second Quarter Financial Highlights - Revenue decreased to $1.4 million from $3.8 million - Gross profit fell to $651,027 compared to $2.6 million - Gross margin dropped to 47% from 68% - Operating profit decreased to $344,488 from $2.0 million - Net income was $371,850, down from $1.0 million - Earnings per share reduced to $0.02 from $0.07 [7][10][11]. Six-Month Financial Summary - Revenue for the six-month period was $6.0 million, down from $7.1 million - Gross profit decreased to $1.3 million from $2.4 million - Gross margin fell to 23% from 34% - Operating profit was $600,697, down from $1.5 million - Net income decreased to $341,150 from $587,989 - Earnings per share reduced to $0.02 from $0.04 [7][10][11]. Balance Sheet Highlights - Current assets increased by $1.7 million to approximately $11.2 million - Total assets decreased by $800,000 - Current liabilities reduced by $1.6 million - Total liabilities decreased by $1.2 million, aided by reductions in notes payable [7][12]. Market Outlook - CEO Lee Hamre expressed optimism about a rebound in activity across core markets, anticipating several significant orders in the coming weeks and expecting renewed momentum to continue through the remainder of the year [2].