Neff Posts 2% Total Revenue Increase in Q2

August 6, 2015

Neff Rentals’ total revenues increased 2 percent to $94.2 million from $92.4 million in the second quarter of 2014. 

Rental revenues were $84.8 million, compared to $83.1 million a year ago, a 1.6-percent boost. Rental rate growth was 1.7 percent in the quarter, compared to 7.4 percent in Q214.

Net income for the quarter increased to $14.7 million for the second quarter of 2015 from a loss of $22.9 million in the second quarter of 2014Net income increased primarily because the transaction bonus and extinguishment of debt which occurred in the second quarter of 2014 did not occur in 2015.