Manufacturing Industry
NES rentals revenues increase in 2005.(RENTAL MARKET)(Company overview)
Underground Construction, July, 2006
Same-store rental revenues improve 9 percent; operating income increases by $64 million
Heavy equipment rental industry leader NES Rentals Holdings Inc. released its 2005 financial results, highlighting solid increases in rental revenues, operating margins and operating income.
The improved results reflect the company's focus on enhanced customer service efforts in 2005 following its financial turnaround in 2004.
Solid financial performance was achieved in tandem with operational initiatives including the development of new equipment standards. "Looking ahead, our focus will remain on providing our customers with the best service and equipment available," said Chairman and Chief Executive Officer Andrew Studdert. "We are planning new rental...
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