Neff Revenue Jumps 15.3% in 2014

March 16, 2015

In its first results report since going public, Neff Corp. had a 13-percent rise in rental revenue in the fourth quarter of 2014, with rental revenue totaling $83.7 million, compared to $74.1 million in the fourth quarter of 2013.

For the full year, rental rate growth was 6.6 percent compared to 6.4 percent in 2013. Time utilization was 69.7 percent, compared to 70.9 percent in 2013.

On Dec. 31, 2014, original equipment cost of the company’s rental fleet was $704.3 million, up 14.9 percent from the end of 2013.