Nesco Holdings, Inc. Reports First Quarter Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Tech selloff weighs down Wall Street as bond yields climb
- Francisco Partners to acquire Weave Communications for $650M
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Goldman Sachs to acquire real estate company LCN for up to $410M
- BofA raises hyperscaler AI capex outlook to $3.6tn through 2028
Nesco Holdings, Inc. (NSCO) Misses Q1 EPS by 27c, Revenues Beat; Withdraws FY20 Guidance
May 7, 2020 6:28 AM EDTNesco Holdings, Inc. (NYSE: NSCO) reported Q1 EPS of ($0.33), $0.27 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $81.7 million versus the consensus estimate of $79.3 million.
FIRST QUARTER 2020 HIGHLIGHTS
Total revenue of $81.7 million (+32.9% from 2019)Equipment rental revenue of $47.1 million (+9.7% from 2019)Equipment sales revenue of $16.7 million (+71.0% from 2019)Parts, tools, and accessories revenue of $18.0 million (+103.7% from 2019)Consolidated net loss of $16.0 millionAdjusted EBITDA of $32.1 million (+5.3% from 2019)Uncertainty related to future impact of COVID-19 results in withdrawal of 2020 guidance"Nesco experienced solid growth in... More
