Essex Rental Corp. Reports 2011 Second Quarter Results

Buffalo Grove, IL - Essex Rental Corp. has announced its unaudited consolidated results for the second quarter ended June 30, 2011.

Ron Schad, president & CEO of Essex, stated, "Essex continues to experience steady growth and stability in its three business segments: equipment rentals, equipment distribution, and parts and service. With the exception of our crawler crane fleet, we experienced increases in utilization rates during the second quarter ended June 30, 2011 for all of the categories of equipment that we rent. Crawler cranes experienced a slight decline in utilization due to the conclusion of certain levee projects. Excluding these levee-related crawler cranes, we have continued to see a steady increase in utilization on a comparable quarter and year to date basis for this asset category. Specifically, since June 30, 2010 and December 31, 2010, the number of crawler cranes on rent excluding those on levee related projects has increased by 5.3% and 7.5%, respectively."

For the entire story, click here.

Loading