6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
For the first six months, sales at RSC were $561.7 million, down 17 percent from the same period a year ago. Rental sales fell 13.6 percent to $481.9 million. The company recorded a half-year loss of $59.9 million, compared with a loss of $25 million a year ago.
"The market was mixed in the first half of the year but steadily improving," said Erik Olsson, president and CEO. "We correctly identified early signs of improving customer demand and responded with increased sales activities, and by investing in our rental fleet and rental staff. This resulted in year-to-date fleet on rent growth of 35%."
Business activity in the industrial end-market improved on a year-over-year basis in the second quarter, while the non-residential construction market continued to decline slightly.