Australian heavy equipment rental company Emeco Holdings last week said earnings for the year so far are in line with expectations. Managing director Laurie Freedman told shareholders that the company’s earnings and revenue goals for 2006 and 2007 are achievable as the company closes in on the first fiscal half-year period.
Emeco, which has a North America division based in Houston, is aiming for a 36 percent revenue increase to AU $524 million (about U.S. $432 million) in fiscal 2007, up from $382.8 million (about U.S. $302 million) achieved in 2006.
Emeco is also reaching for a 44 percent EBITDA increase to AU $207 million (about U.S. $163 million).
Freedman said the company has identified up to three potential acquisition targets within Australia as well as a target in Europe.
Emeco North America is No. 76 on the RER 100.
