RSC Q4 Results Show Rental Volume Up 20.7% Year Over Year

RSC Holdings Inc. announced financial results for the quarter ended December 31, 2011. Total revenue was $421 million and rental revenue was $364 million, compared with $339 million and $287 million, respectively, for the same period last year. The company's fourth quarter net income was $5 million, or $0.04 per diluted share, compared with a net loss of $7 million, or $0.07 per diluted share, for the fourth quarter 2010. The net income in the current quarter includes $11 million of pre-tax charges associated with the company's announcement on December 16 of a potential merger. Excluding these charges, net income for the fourth quarter would have been $15 million, or $0.14 per diluted share.

Adjusted EBITDA was $164 million for the quarter, compared with $116 million for the same period last year. Adjusted EBITDA margin was 38.9% for the fourth quarter, compared with 34.4% in 2010. The increase in profitability and margins primarily reflects continued volume growth, pricing growth and the company's ability to leverage and control its operating costs.

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