US rental company National Equipment Services (NES) has reported revenues up 32% to $624m in 2000 but net income fell 48% to $11m.
Rental revenues were up 38% to $470m.
NES’s operations include cranes as well as a wide range of other construction equipment.
Chief executive officer Kevin Rodgers commented: “While we were disappointed with the results, a number of factors bode well for our longer term growth. We are encouraged by the continuing strong demand in most of our markets. This indicates that equipment rental is taking share from equipment ownership – a process that could accelerate during tough economic times, as companies put more of a focus on asset management.”
