Last $3.17 USD
Change Today +0.02 / 0.63%
Volume 1.9K
ESSX On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

essex rental corp (ESSX) Snapshot

Open
$3.12
Previous Close
$3.15
Day High
$3.17
Day Low
$3.06
52 Week High
08/8/13 - $4.55
52 Week Low
11/11/13 - $2.50
Market Cap
78.6M
Average Volume 10 Days
15.8K
EPS TTM
$-0.40
Shares Outstanding
24.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ESSEX RENTAL CORP (ESSX)

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essex rental corp (ESSX) Details

Essex Rental Corp., through its subsidiaries, rents and distributes lifting equipment to the construction industry in North America. The company operates in three segments: Equipment Rentals, Equipment Distribution, and Parts and Service. It rents lattice-boom crawler cranes and attachments, tower cranes and attachments, rough terrain cranes, boom trucks, and other related heavy lifting machinery and equipment used in various construction projects. The company also provides product support services, such as installation, maintenance, repair, and parts and services for its equipment provided and customer owned equipment. It supplies lifting solutions for construction projects related to power generation, petro-chemical, refineries, water treatment and purification, bridges, highways, hospitals, shipbuilding, offshore oil fabrication and industrial plants, and commercial and residential construction. The company also offers construction equipment products for retail sale. It serves construction companies, industrial companies, municipalities, and contractors performing repair and maintenance to renovation projects for owners of commercial and industrial facilities. Essex Rental Corp. was founded in 1960 and is headquartered in Buffalo Grove, Illinois.

236 Employees
Last Reported Date: 03/13/14
Founded in 1960

essex rental corp (ESSX) Top Compensated Officers

Advisor and Director
Total Annual Compensation: $362.4K
Compensation as of Fiscal Year 2012.

essex rental corp (ESSX) Key Developments

Essex Rental Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2013; Provides Earnings Guidance for the Year of 2014

Essex Rental Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2013. For the quarter, the company reported total revenues of $22,451,088 compared to $23,191,595 a year ago. Loss from operations was $1,860,773 compared to $903,285 a year ago. Loss before income taxes was $5,102,094 compared to $3,651,355 a year ago. Net loss was $3,646,771 or $0.15 per basic and diluted share compared to $3,004,990 or $0.12 per basic and diluted share a year ago. Adjusted EBITDA was $3,067,204 compared to $4,383,126 a year ago. EBITDA before non-cash compensation and non-recurring expenses decreased to $3.9 million for the three month period ended December 31, 2013 compared to $5.0 million for the three month period ended December 31, 2012. For the year, the company reported total revenues of $95,537,435 compared to $98,260,854 a year ago. Loss from operations was $3,228,532 compared to $6,929,143 a year ago. Loss before income taxes was $14,708,723 compared to $18,217,134 a year ago. Net loss was $9,644,597 or $0.39 per basic and diluted share compared to $12,652,955 or $0.52 per basic and diluted share a year ago. Adjusted EBITDA was $16,473,542 compared to $14,804,107 a year ago. Adjusted EBITDA before noncash compensation and nonrecurring expenses was $18.3 million, a 6.5% increase compared to $17.2 million for the year ended December 31, 2012. For the year 2014, the company is not projecting any significant revenue increases, but instead forecasting conservative growth throughout the year. The company anticipates that 2014 EBITDA before non-cash compensation and non-recurring items will be in the range of $18 million to $22 million. The company expects consolidated interest expense in 2014 to be approximately $11 million. The company is not projecting any significant net capital expenditures in excess of anticipated equipment sales in 2014.

Essex Rental Corp. Announces Management Changes

Essex Rental Corp. announced that its Board of Directors has appointed Nicholas Matthews, 41, formerly Chief Operating Officer, to President and Chief Executive Officer effective tomorrow. Mr. Matthews will also serve as a director on Essex's Board. Prior to joining Essex in 2013, he served as Vice President and Group Executive for Railcar Operations at GATX.

Essex Rental Corp. Appoints William Fox to Board of Directors

Essex Rental Corp. announced that William Fox, most recently the Senior Vice President and General Manager of Cranes at H&E Equipment Services Inc., has been appointed to Essex's Board of Directors. As SVP and General Manager of H&E Crane Division, Bill was integrally involved in all aspects of this leading integrated equipment services company. He has over 40 years of experience in the crane industry and is familiar with all aspects of Essex's business, including rental, new and used equipment sales, and parts and service support.

 

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ESSX

Industry Average

Valuation ESSX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.2x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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