Strongco Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 01, 2017 at 07:05 pm EDT
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Strongco Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company's revenues were $83.3 million against $86.7 million a year ago. EBITDA of $6.3 million, up from $3.1 million, due to improved operating income and lower depreciation. Pretax earnings of was $0.2 million against loss of $19.0 million a year ago. Net income was $0.2 million or $0.02 per Basic and diluted against net loss of $26.1 million or $1.97 per Basic and diluted a year ago.
For the nine months, the company's revenues were $262.4 million against $280.1 million a year ago. EBITDA was $14.1 million against $6.0 million a year ago. Pretax loss was $1.3 million against $27.4 million a year ago. Net loss was $1.3 million or $0.10 per basic and diluted share against $32.3 million or $2.44 per basic and diluted share a year ago.
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 
