30.04.2009
United Rentals down 23%
United Rentals, the world’s largest equipment rental company has reported first quarter revenues down 23 percent to $594 million. The company also posted a pre-tax loss of $33 million compared to a profit of $59 million for the same period in 2008.
Equipment rentals fell 22.5 percent to $448 million due to an 11.5 percent reduction in rates and a 2.4 percent fall in utilisation on a smaller overall fleet.
More details when the full results are released later today.
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