Hertz Global Holdings Posts 4.6% 2Q08 Earnings Increase
Hertz Global Holdings last week reported record second-quarter 2008 worldwide revenues of $2.3 billion, an increase of 4.6 percent over the prior year on strong international growth....
Ahern Rentals Jumps 19.3 Percent in Second Quarter
Ahern Rentals increased second-quarter total revenue 19.3 percent, posting $98.1 million, compared with $82.2 million for the same period in 2007. Rental revenue increased 19.8 percent year over year, with $83.9 million for the second quarter this year, compared with $70 million for the same period last year....
Finning Posts Record Worldwide Revenue but Canadian Rental Drop in Q2
Finning International last week reported record quarterly revenue of CA $1.53 billion (about U.S. $1.44 billion), a 2.3-percent year-over-year increase compared with $1.497 billion in last year’s second quarter. Revenues for the first six months of 2008 were CA $2.96 billion, a 3.1-percent increase compared with last year’s first-six-months revenue total of CA $2.87 billion....
WesternOne Jumps 56 Percent in First Half
Vancouver, B.C., Canada-based WesternOne Equity Income Fund posted a 56-percent total revenue jump in the first six months of 2008, an increase based largely on several acquisitions, with existing operations also posting same-store revenue growth. Total revenue of CA $15.32 million (U.S. $14.4 million) increased from CA $9.79 million in the same period of 2007....
McAllister Equipment Co. Acquires Two Illinois Volvo CE Branches
Asheville, N.C.-based Volvo Construction Equipment North America last week said it completed negotiations for the acquisition of Volvo Construction Equipment & Services branches located in Villa Park and Springfield, Ill., by its Illinois dealer, McAllister Equipment Co., Alsip, Ill....
Aggreko Supplies Power to Beijing Olympics Opening Ceremony
Aggreko, a global leader in temporary power and temperature control, last week played a crucial role in supporting the Opening Ceremony of the 2008 Olympic Games in Beijing....
H&E Posts Revenue Growth in Second Quarter
H&E Equipment Services’ second quarter revenues jumped 21.2 percent to $282.6 million compared with $233.1 for the same period last year. The Mid-Atlantic region, created after H&E’s recent acquisition of Burress Equipment, contributed $40.6 million of the $49.5 million increase, thus making same-store revenue increase relatively minimal....
Rental Utilization Drives Solid Q2 for Essex Crane Rental
Essex Crane Rental Corp. posted a 28.7 percent second quarter revenue increase, with $20.2 million in revenue compared with $15.7 million for the second quarter of 2007. Hyde Park Acquisition Corp. acquired the Buffalo Grove, Ill.-based Essex March 6....
IPAF Releases Video to Promote Harness Awareness
The International Powered Access Federation last week released a dramatic video that shows the dangers of not wearing a full-body harness on a boom-type access platform. ...
Europlatform Conference to Focus on Access Rental
The APEX show will be held in Maastricht, Netherlands, Sept. 17-19, with a Europlatform conference to be held on the 16th focusing on the theme “The access rental company of the future.” ...
Echelon Delay to Have Minimal Impact on Ahern Rentals
Las Vegas-based Ahern Rentals, the leading player in providing rental equipment for large construction projects on the Las Vegas Strip, last week said less than 1 percent of its fleet will be affected by Boyd Gaming Corp.’s recent decision to delay its large Echelon project. Because of Ahern Rentals’ diversification in the Las Vegas market, the company said the delay would have a minimal impact on its operations, although it will contribute to a reduction in Ahern’s near-term purchase of equipment for its rental fleet....
RSC’s Rental Volume Increases Despite Higher Costs in Q2
RSC Holdings last week announced second-quarter rental revenue of $405 million, a 5.3-percent increase from $385 million in rental volume during the second quarter of 2007. Rentals represented 90 percent of RSC’s revenue, which totaled $449 million for the quarter, a 1.4-percent year-over-year increase....
United Rentals’ Revenues, Profits Decrease in Second Quarter
United Rentals last week announced second-quarter 2008 income from continuing operations of $47 million, compared with $67 million for the second quarter of 2007, a 44.8-percent drop. The decrease is primarily the result of lower gross profit in a softening rental environment as well as a $14 million after-tax provision relating to the Securities and Exchange Commission inquiry. The loss was partially offset by United’s cost-cutting initiatives, including reductions in SG&A expense of $21 million and $39 million for the first quarter and first half of 2008, respectively....
Guy Rents Sells Party Division
Chico, Calif.-based Guy Rents last week sold its party rental division Guy Rents Events to Redding Tents & Events. Merger and acquisitions firm Hageman, Stansberry & Associates represented Guy Rents in the transaction....
WesternOne Acquires Edmonton Company
WesternOne Equity Income Fund, which has acquired nearly a half dozen rental companies in Western Canada, last week said it signed a letter of intent to buy the assets of an equipment rental and propane distribution business based in Edmonton, Alberta. WesternOne said it would announce other details including the name of the company once a formal acquisition agreement is completed....
Dickerson Machinery Rentals Opens Floresville Branch
Dickerson Machinery Rentals opened a branch in Floresville, Texas recently. Dickerson is based in San Antonio and has branches in Castro, Texas; and Perry, Ga. Although Dickerson has a wide-ranging inventory, it specializes in earthmoving equipment....
Net Income Jumps for Dayton Superior in Q2
Dayton Superior, leading North American provider of specialized products for the non-residential concrete construction market, last week reported a 3-percent increase in net sales for the second quarter, with gross profit up 16 percent and record second quarter net income nearly doubling on a year-over-year basis....
RSC Equipment Rental Appoints Senior Vice President, Strategic Development
RSC Equipment Rental, the operating entity for RSC Holdings, last week announced that Kevin Drumm, an experienced investment banker with considerable industrial experience gained during 13 years in investment banking, finance and corporate law, has joined the firm as senior vice president - strategic development, a newly created position....
Mid Country Machinery Supports Breast Cancer Awareness with Pink JLG Boomlift
When Bud PeCoy of Mid Country Machinery, a construction equipment dealer and rental company headquartered in Fort Dodge, Iowa, decided he wanted to raise awareness about breast cancer, he did it — literally. In fact, he not only raised awareness, he lifted it more than 80 feet in the air....
H&E Equipment Services Announces 2Q08 Earnings Call
H&E Equipment Services last week announced that it will release its 2008 second-quarter financial results before the market on Thursday, Aug. 7. The company will also hold a conference call that day to discuss second-quarter results at 10 a.m. Eastern time....
Nuss Equipment Group Acquires Volvo CE Dealer Sweeney Brothers Tractor
Nuss Equipment Group llc, a subsidiary of Nuss Truck Group, has purchased the equipment assets and inventory of the Burnsville, Minn., sales and service facility and operations of Sweeney Brothers Tractor Co., a Volvo Construction Equipment dealer for many years in Minnesota and North Dakota. The acquisition, effective Aug. 1, does not affect or include Sweeney Brothers’ North Dakota branches in Fargo, Minot and Bismarck....
Toyota Material Handling to Distribute Aichi Aerial Work Platforms in U.S. Market
Irvine, Calif.-based Toyota Material Handling U.S.A , a leading lift truck supplier in the United States, is now the sole distributor of Aichi scissorlifts, and wheeled and crawler boomlifts in the U.S. Customers benefit from Aichi’s high-quality products supported by key dealers in Toyota’s dealer network and Toyota’s more than 40 years of experience in the United States....
Team American Rentals Runs for Cancer Research
For the fourth consecutive year, American Rentals, based in Bellflower, Calif., with branches in Southgate and Cypress, Calif., has been a major sponsor of the Annual City of Cypress 5 and 10K run, in cooperation with The Cancer Support Foundation. Several American Rentals employees ran in the race, to support cancer research....
RSC, Maxim Acquisitions Finalized
RSC Equipment Rentals' recent acquisition of American Equipment Rentals and Platinum Equity Capital Partners' acquisition of Maxim Crane were finalized recently....
Memories of Rental's Goodwill Ambassador
Death comes to everyone. We all learn this as children and we all know that sooner or later everybody dies. However, there are people we meet in the course of a lifetime whose life force seems so great you wonder if they ever will die....
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