Greenwich, CT-based United Rentals, Inc. reported second quarter 2008 sales of $831 million, a decrease of 13.6% from second quarter 2007. Rental revenue accounted for $621 million. Profit was $37 million, a decline of 44.8%.
For the first half 2008, revenue declined 10.9% from 2007 levels to $1.6 billion. Profit was 22.7% lower at $75 million.
The decreases primarily reflect lower gross profit in a softening equipment rental environment as well as the previously disclosed $14 million after-tax provision relating to the SEC inquiry. …
United Rentals Sales Fall 13.6% in 2Q
Greenwich, CT-based United Rentals, Inc. reported second quarter 2008 sales of $831 million, a decrease of 13.6% from second quarter 2007. Rental revenue accounted for $621 million. Profit was $37 million, a decline of 44.8%.
For the first half 2008, revenue declined 10.9% from 2007 levels to $1.6 billion. Profit was 22.7% lower at $75 million.
The decreases primarily reflect lower gross profit in a softening equipment rental environment as well as the previously disclosed $14 million after-tax provision relating to the SEC inquiry. …
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