Essex Rental Corp. Announces New Director Nominee Thomas A. Ryan, Jr
Apr 30 15
Essex Rental Corp. announced that Thomas A. Ryan, Jr. has accepted the Company's invitation to join its Board of Directors following his election at the Company's 2015 Annual Meeting of Stockholders to be held on June 4, 2015. Mr. Ryan is Managing Partner of Redwing Consulting, LLC and he also serves as a Senior Advisor/Investment Banker for Cascadia Capital, LLC. From 2008 to 2012, Mr. Ryan served as chief executive officer and a member of the board of directors of PODS Enterprises Inc.
John Nestor and Dan Blumenthal Not to Stand for Reelection as Directors of Essex Rental Corp
Apr 10 15
Essex Rental Corp. announced that two of its directors, John Nestor and Dan Blumenthal, will not stand for reelection at the upcoming 2015 annual meeting of stockholders, and that the Nominating Committee of the Board is undertaking a search to identify possible candidates for inclusion on management's slate of director nominees for election at the 2015 annual meeting.
Essex Crane Rental Seeks Strategic Alternatives
Apr 10 15
Essex Rental Corp. (NasdaqCM:ESSX) has retained RBC Capital Markets, LLC to evaluate strategic alternatives for Essex Crane Rental Corp. for creating shareholder value.
Grant Thornton LLP Intends to Resign as Essex Rental Corp.'s Independent Registered Public Accounting Firm
Mar 30 15
Grant Thornton LLP notified Essex Rental Corp. that it intended to resign as the company's independent registered public accounting firm effective upon the earlier of Grant Thornton LLP's completion of interim review procedures related to the period as of and for the three months ending March 31, 2015 or the company's audit committee appointing new auditors.
Essex Rental Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 23 15
Essex Rental Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced total revenues of $28,273,000 compared to $22,451,000 for the same period a year ago. Loss from operations was $601,000 compared to $1,860,000 for the same period a year ago. Loss before income taxes was $4,458,000 compared to $5,102,000 for the same period a year ago. Net loss was $2,893,000 compared to $3,647,000 for the same period a year ago. Adjusted EBITDA was $4,148,000 compared to $3,068,000 for the same period a year ago. Loss per share, basic and diluted was $0.12 compared to $0.15 for the same period a year ago.
For the full year, the company announced total revenues of $103,449,000 compared to $95,537,000 for the same period a year ago. Loss from operations was $3,794,000 compared to $3,228,000 for the same period a year ago. Loss before income taxes was $18,120,000 compared to $14,709,000 for the same period a year ago. Net loss was $11,201,000 compared to $9,645,000 for the same period a year ago. Adjusted EBITDA was $16,189,000 compared to $16,474,000 for the same period a year ago. Loss per share, basic and diluted was $0.45 compared to $0.39 for the same period a year ago.