trending Market Intelligence /marketintelligence/en/news-insights/trending/o4P49FCpnFfAeUTCdsT8Zg2 content esgSubNav
In This List

Neff affirms FY'16 outlook


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

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.