RSC reports strong second quarter growth

RSC Holdings announced its 16th consecutive quarter of rental revenue growth. Rental revenues, which make up 87 percent of total revenues, grew 13.1 percent of $44.5 million to $384.6 million in the second quarter compared to $340.1 million in the prior period.

Total revenues were $442.8 million up 7 percent from $413.8 million in the prior period, and net income was $17.4 million, or $0.18 per share. Net income would have been $35.5 million, or $0.36 per share, without fees related to the termination of the monitoring agreement and debt prepayment costs related to the recent initial public offering.