TRS-RenTelco Rental Revenue Growth
TRS-RenTelco rental revenue grew by a strong 9%, with both general purpose and communications rental revenues seeing strong growth. Utilization improved year-over-year to a healthy 65%.
Encouraging Market Stabilization
Opportunities in energy, data centers, and seasonal retail offset the flat construction market, suggesting potential market stabilization after a challenging demand contraction in 2024.
Upward Revision of Financial Outlook
The company has upwardly revised its full-year financial outlook, expecting total revenue between $935 million and $955 million, adjusted EBITDA between $350 million and $357 million.
Strong Education Sector Funding
California passed a $10 billion facility bond and Texas passed an $8 billion bond, indicating solid funding for the education sector and potential future growth in this area.