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Neff affirms FY'16 outlook

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Neff affirms FY'16 outlook

NeffCorp. has reaffirmed its 2016 full-year outlook.

The company continues to expect total revenue in the rangeof $390 million to $410 million; adjusted EBITDA in a range of $190 million to$200 million; year-over-year rental rate increase of approximately 0% to 2%;time utilization of approximately 68%; and net capital expenditures in therange of $100 million to $110 million.

First-quarter net loss attributable to the company was$200,000, or a loss of 1 cent per class A common share, compared with netincome attributable to the company of $900,000, or 8 cents per class A commonshare, in the year-ago period.