Strongco Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 31, 2018 at 05:11 pm EDT
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Strongco Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company's revenues were $98,984,000 compared to $87,860,000 a year ago. Operating income before restructuring costs were $3,206,000 compared to $1,804,000 a year ago. EBITDA were $8,033,000 compared to $6,590,000 a year ago. Pretax loss were $2,438,000 compared to income of $243,000 a year ago. net loss was $2,438,000 or $0.18 per basic and diluted share compared to income of $243,000 or $0.02 per basic and diluted share a year ago.
For the nine months, the company's revenues were $309,993,000 compared to $278,504,000 a year ago. Operating income before restructuring costs were $8,919,000 compared to $3,863,000 a year ago. EBITDA were $22,116,000 compared to $14,902,000 a year ago. Pretax loss were $626,000 compared to $1,332,000 a year ago. net loss was $626,000 or $0.05 per basic and diluted share compared to $1,332,000 or $0.10 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 
