Essex Rental (ESSX) Misses Q4 EPS by 2c

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Essex Rental Corp. Reports 2014 Fourth Quarter and Year-End Results

March 23, 2015 5:57 PM EDT

Fourth quarter Adjusted EBITDA before non-cash compensation and non-recurring expenses increased by 13.5% to $4.4 million.

Company has resolved the financial reporting issues, which were solely driven by technical accounting guidance and not by lenders. Resolution will have no impact on previously reported net cash flows, cash position, revenues, net income or earnings per share.

Company has received waivers from all of its lenders.

Management will conduct a conference call to discuss its operating results at 9:00 a.m. ET on Wednesday, March 25, 2015.... More