Nesco Holdings, Inc. Reports Second Quarter 2020 Financial Results
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Nesco Holdings, Inc. (NSCO) Misses Q2 EPS by 20c, Revenues Miss
August 6, 2020 8:23 AM EDTNesco Holdings, Inc. (NYSE: NSCO) reported Q2 EPS of ($0.27), $0.20 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $68.48 million versus the consensus estimate of $86.5 million.
SECOND QUARTER 2020 HIGHLIGHTS
All metrics compared to Second Quarter 2019 unless otherwise noted
Total revenue increased 9.0% to $68.5 millionEquipment Rental and Sales (ERS) segment revenue decreased 0.5% to $53.4 millionParts, Tools and Accessories (PTA) segment revenue increased 64.1% to $15.1 millionAdjusted EBITDA decreased 14.1% to $26.2 millionNet loss increased to $13.2 million from $5.4 millionFree cash flow increased to $14.4... More