Company GuidanceThe guidance is more back end loaded with expectations for rental revenue growth to moderate in the second quarter then reaccelerate later, which suggests risk if these expectations are not met.
Financial Performance1Q rental revenue, EBITDA, EPS all below consensus if we exclude Cinelease studio business.
Market DemandEquipment demand is set to slow in 2024 as a 2023 decline in non-residential building starts will start impacting activity.