Emeco (ASX:EHL) has provided a trading update and preliminary unaudited results for the fourth quarter and 2018 financial year.
The earth-moving equipment company has announced a 10 per cent rise in fourth quarter earnings (EBITDA) to $45 million.
For the 2018 financial year Emeco increased operating earnings by 83 per cent to $153 million.
The company says it has continued to deleverage its balance sheet and reduce net debt in financial year 18.
Emeco CEO, Ian Testrow says the company has sustained its strong performance in the fourth quarter with continued increases in operating utilization and earnings.
Shares in Emeco (ASX:EHL) are trading 1.43 per cent higher to 35c.