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RSC Holdings 2Q Sales Decline 8%

RSC Holdings Inc. (NYSE: RRR), Scottsdale, AZ, reported second quarter sales of $301 million, down 8 percent for second quarter 2009. Rental sales fell 4.1 percent to $271 million. The equipment rental provider recorded a net loss of $22 million, compared with a year-ago net loss of $11 million.

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.

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