Strongco Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Guidance for the Year 2018
May 09, 2018 at 08:39 am
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Strongco Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, revenues were $89,025,000 against $89,967,000 a year ago. Operating income was $2,144,000 compared to $1,167,000 a year ago. EBITDA was $6,741,000 compared to $4,633,000 a year ago. Pretax income was $149,000 compared to loss of $1,101,000 a year ago. Net income was $149,000 compared to loss of $1,101,000 a year ago. Basic and diluted income per share was $0.01 compared to loss of $0.08 a year ago.
The company provided guidance for the year 2018. The company expects key heavy equipment markets are expected to see continued moderate growth in 2018.
Strongco Corp is a Canada-based company. The Company sells, rents and services equipment used in diverse sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry. It represents equipment manufacturers with globally recognized brands, including Volvo Construction Equipment, Case Construction, Sennebogen, Manitowoc Crane, including National and Grove, Fassi, Konecranes, Eco Log, and Allied Construction. It provides in-field service, in-shop service, refurbishment, component rebuilding, scheduled maintenance, customer service agreements (CSA), extended warranties, equipment inspections, air conditioning, painting services, hydraulic repairs and others.
STRONGCO CORPORATION 
