By Michael Roth / Graphics Baird Research – Oct. 2, 2024
Forty percent of respondents (revenue weighted) reported missing internal budgets in the third quarter, while 8 percent reported seeing better-than-expected results, and 52 percent said results were in line with expectations.
Equipment rental revenue in the third quarter of 2024 reported weighted growth of 1.9 percent, the slowest growth post-pandemic and down from a 4.6-percent year-over-year growth in the second quarter, according to the quarterly Baird/RER Equipment Rental Industry Survey. Forty percent of respondents (revenue weighted) reported missing internal budgets in the third quarter, while 8 percent reported seeing better-than-expected results, and 52 percent said results were in line with expectations.
