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S. Fla. Equipment Suppliers Take Big Hit

MIAMI-Locally based Neff Corp. and Fort Lauderdale-based NationsRent each report heavy net losses amid prior announced restructuring efforts.

By David R. Corder | Updated on May 11, 2001

MIAMI-Construction companies and consumers may be the ultimate losers as locally based Neff Corp. and Fort Lauderdale-based NationsRent Inc. look for ways to the shed newly reported first-quarter net losses.

Both of the publicly traded equipment rental companies are reporting substantial losses amid restructuring efforts.

Neff is reporting a net loss of $14.7 million, or 70 cents a share, on total revenue of $59.2 million for the three months ended March 31, compared with a net loss of $3.8 million, or 18 cents a share, on total revenue of $59.1 million for the same period in 2000.

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