Rental Revenue and Utilization Strong in Q3, Although Growth Slowing, Baird/RER Survey Respondents Say

By Michael Roth | Graphics Baird Research Average rental revenue was up 12.2 percent in the third quarter on a year-over-year basis, compared to a 14.3-percent year-over-year increase in the second quarter. Rental market dynamics remained healthy in the third quarter but with slowing growth, according to the third quarter Baird/RER Equipment Rental survey published this week. Average rental revenue was up 12.2 percent in the third quarter on a year-over-year basis, compared to a 14.3-percent year-over-year increase in the second quarter. Expectations for growth in the fourth quarter are for 9-percent growth and the same expectation for the full year 2023. READ FULL ARTICLE>>