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EquipmentShare.com shared its earnings for the third quarter, showing a 55% jump in revenue from last year.

ResultsRead the original at Benzinga
Good for EQPT

EquipmentShare.com said rental sales rose 49% and rental margins widened, and it raised its full-year forecast. It is spending on locations and technology, but strong demand and cash resources support a favorable read.

EQPT · EquipmentShare.com

AI read · Good for EQPT

The AI's read

More customers are renting equipment, and the company says it is using its fleet efficiently. That has helped rental sales and margins rise together. The company also sees demand from projects that take years to build. It is spending on new locations and technology, but reports strong cash resources and manageable debt.

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