Ahern Rentals total revenue up 29 percent from 2006
| June 17, 2008 |
Ahern Rentals posted a 23.8-percent rental volume increase in 2007 up $56.5 million from the previous year for a rental revenue total of $293.4 million. Ahern’s total revenue also swelled to $342.6 million for 2007, up $76.5 million from 2006.
Increased revenues for the company have resulted in an increased rental fleet for Ahern Rentals, whose fleet is now estimated to be worth $639 million compared to its’ previously estimated worth of $474 million in 2006.
Ahern expects their first-quarter capital expenditure to be slightly less than the 2007 mark with that trend continuing for the year. Ahern also plans to open two or three new stores in 2008.