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Last $0.28 USD
Change Today -0.0001 / -0.04%
Volume 170.1K
ESSX On Other Exchanges
As of 8:10 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

essex rental corp (ESSX) Snapshot

Previous Close
Day High
Day Low
52 Week High
10/9/14 - $2.10
52 Week Low
10/8/15 - $0.27
Market Cap
Average Volume 10 Days
Shares Outstanding
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 four segments: Essex Crane Equipment Rentals; Coast Crane Equipment Rentals; Equipment Distribution; and Parts and Service. It rents lattice-boom crawler cranes and attachments, and other related heavy lifting machinery and equipment. The company also rents, sells, and distributes used and new tower cranes, boom trucks, rough terrain cranes, terrain cranes, and other lifting equipment to customers in the infrastructure, energy, crane rigger/operator, municipal, and industrial construction sectors. In addition, it retails construction equipment products; and offers installation, maintenance, repair, and parts and services for equipment provided to customers and customer owned equipment. Further, the company 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. 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.

258 Employees
Last Reported Date: 08/6/15
Founded in 1960

essex rental corp (ESSX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $426.7K
Chief Financial Officer
Total Annual Compensation: $258.9K
Compensation as of Fiscal Year 2014.

essex rental corp (ESSX) Key Developments

Essex Rental Cuts Workforce by 8% to Save $1.7 Million

Essex Rental (ESSX) announced that it reduced employees by about 8% in a move expected to bring over $1.7 million in annual cost savings. The move was made to bring operating expenses in line with business conditions. The cuts add to previously announced corporate governance changes to bring annualized savings of $2.2 million.

Essex Rental Corp. Announces Marc Dowdell No Longer as Chief Operating Officer

Marc Dowdell, Essex Rental Corp.'s Chief Operating Officer is no longer employed by the Essex Rental Corp., effective September 25, 2015.

Essex Rental Corp. Receives Non-Compliance Notice From Nasdaq

On August 4, 2015, Essex Rental Corp. received a letter from the The Nasdaq Stock Market LLC (Nasdaq) providing notification that, for the previous 30 consecutive business days, the bid price for the company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). Nasdaq’s letter has no immediate effect on the listing of the company’s common stock on The NASDAQ Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the company has been provided an initial grace period of 180 calendar days, or until February 1, 2016, to regain compliance. If at any time before February 1, 2016, the bid price of the company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will provide the company with written confirmation of compliance. In the event the company does not regain compliance within this grace period, it may be eligible to receive an additional 180 day grace period subject to certain conditions outlined in the letter and Nasdaq rules. The company intends to actively monitor the bid price of its common stock and to take such actions as may be necessary and appropriate to achieve compliance with continued listing requirements prior to the expiration of all available grace periods.


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