Webcast ReviewsJohnson v Firstrand et al: What the auto finance ruling means for all broker-introduced business
Equipment Finance News AmeraMex targets international growth Published: 24th May 2018 Share AmeraMex International saw revenue increase by a third in the first quarter of 2018. The company sells, leases and rents heavy equipment to a wide variety of industries including construction, mining, infrastructure, logging, logistics, transportation and commercial farming. Revenue for the first three months of 2018 hit $2 million, a 33% increase when compared to revenue of $1.5 million for the first quarter of 2017. Gross profit for the first quarter was approximately $1.3 million compared to $689,000 the previous year, an increase of 96%. Year-to-date, AmeraMex has received $7.6 million in equipment orders and renewal of rental contracts, compared to a total of $2.8 million for the same time period in 2017. AmeraMex CEO Lee Hamre said: “Last year we announced our agreement with Oshkosh Defense. “It has taken time to become familiar with the line tactical vehicles and determine decision makers within our target markets as political teams can rapidly change. “We extended invitations to potential customers and now have visits and demonstrations scheduled at the Oshkosh facility. “We continue to believe our agreement with Oshkosh Defense is a catalyst for international sales growth.” Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsUS equipment finance confidence hits three-year high NewsAlba Leasing and Banca Sistema announce partnership NewsDLL and Kempower partner to drive EV charging accessibility Equipment Finance
