Neff Corporation Announces First Quarter 2017 Results
Neff Corporation (the “Company”) (NYSE: NEFF ) today reported its financial results for the first quarter ended March 31, 2017. Graham Hood, Chief Executive Officer of Neff Corporation, commented, “The first quarter of 2017 was another very good quarter for Neff’s rental business as we generated record first quarter results for rental revenues and EBITDA, each of which increased by 5.3% year-over-year. This performance reflects our ability to execute our strategy and take advantage of the ongoing strength in the construction markets we serve. This also provides confirmation to our belief that the cycle remains strong and intact. We expect this strength to continue for the remainder of 2017.” First Quarter 2017 Highlights Total revenues increased 7.0% year-over-year to $95.9 million in the first quarter of 2017. Rental revenues increased 5.3% year-over-year to $85.5 million in the first quarter of 2017 from $81.2 million. Rental rates increased 1% year-over-year in the first quarter of...
Neff Corporation Announces First Quarter 2017 Conference Call and Webcast
Neff Corporation (the “Company”) (NYSE:NEFF) today announced that Graham Hood , Chief Executive Officer, and Mark Irion , Chief Financial Officer, expect to discuss the Company's results for the first quarter ended March 31, 2017 , during a conference call scheduled for Wednesday, April 26, 2017 , at 10:00 a.m. ET . The Company expects to release the financial results for the first quarter on Tuesday, April 25, 2017 , following the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 877-201-0168 (domestic) or +1 647-788-4901 (international) and entering access code 2519043, a few minutes before 10:00 a.m. ET on April 26, 2017. Those who wish to listen to the live conference call and view the accompanying presentation slides should visit the Investors section of the Neff Corporation website at: http://investor.neffrental.com. A telephonic replay will be available from 1:00 p.m. ET on the day of the conference call through...
Neff Corporation Announces Fourth Quarter and Full Year 2016 Results and Provides 2017 Outlook
Neff Corporation (the “Company”) (NYSE:NEFF) today reported its financial results for the fourth quarter and full year ended December 31, 2016. Graham Hood, Chief Executive Officer of Neff Corporation, commented, "We were pleased with the growth we generated in our fourth quarter and full year 2016 results. During 2016, we grew our rental revenues and operating income in our core construction driven end-markets. We anticipate continued growth in these markets in 2017. Our approach for 2017 is to remain focused and selective with our CAPEX spending as we take advantage of strong rental demand in our core construction end-markets." Fourth Quarter 2016 Highlights Total revenues decreased 3.6% to $102.3 million from $106.1 million in the fourth quarter of 2015. Rental revenues increased 6.0%, or $5.2 million, to $91.7 million in 2016 from $86.5 million in the prior year period. Time utilization decreased slightly to 66.4% compared to 66.8% in the fourth quarter of 2015. Rental rates...