Sunbelt Rentals experienced a 46.8 percent revenue increase for the six-month period ending October 31. Sunbelt’s operating profit has increased from $96 million in 2005 to a 40.8 percent rise of $135.2 million this year, according to Ashtead Group, Sunbelt’s parent company.
The company’s growth is attributed to an increased investment in the rental fleet, which averaged 18 percent larger than the 2005 fleet. This excludes the acquired NationsRent assets.
Cliff Miller, Sunbelt Rentals president and chief executive officer, says the new investment in fleet services and continued multi-year rental rate improvement have contributed significantly to Sunbelt’s first half growth.
Sunbelt and NationsRent are closing their merger at the beginning of the fiscal year.