Strongco Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 01, 2018 at 05:03 pm EDT
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Strongco Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, revenues were $121,984,000 against $100,677,000 a year ago. Operating income before restructuring costs was $3,569,000 compared to $892,000 a year ago. EBITDA was $7,342,000 compared to $3,679,000 a year ago. Pretax income was $1,663,000 compared to loss of $474,000 a year ago. Net income was $1,663,000 compared to loss of $474,000 a year ago. Basic and diluted income per share was $0.13 compared to loss of $0.04 a year ago.
For the six months, revenues were $211,009,000 against $190,644,000 a year ago. Operating income before restructuring costs was $5,713,000 compared to $2,059,000 a year ago. EBITDA was $14,083,000 compared to $8,312,000 a year ago. Pretax income was $1,812,000 compared to loss of $1,575,000 a year ago. Net income was $1,812,000 compared to loss of $1,575,000 a year ago. Basic and diluted income per share was $0.14 compared to loss of $0.12 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 
