Capital Allocation and Digital Strategy Update
Specialty provides strong growth opportunities
Specialty Revenue (1) ($M)
$4,122
$3,445
2013-2023 CAGR:
24.2%
$2,692
$2,165 $2,089
$1,720
$1,254
$823
$931
$1,021
$471
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
(2)
9.5% 14.5% 16.0%
17.7% 18.9% 21.4% 23.2% 24.5% 27.7% 29.6%
28.8%
Specialty % of Total Revenue
(2)
Specialty Represented -29% of Total Revenue in 2023
(1) Revenue includes 1) Specialty reporting segment (comprised of our Fluid Solutions, Fluid Solutions Europe, Trench Safety, Power & HVAC, Mobile Storage and Mobile Storage International
regions) and 2) Reliable Onsite Services and Tools revenues, which are included in our General Rentals reporting segment.
Year-over-year decline in Specialty as a % of revenue includes the impact of the Ahern acquisition, which increased revenue in our General Rentals segment. On the basis noted above
(Reliable Onsite Services and Tools revenues excluded from General Rentals and included in Specialty), 2023 Specialty revenue growth was 19.7%, while pro forma (including pre-acquisition
Ahern revenues) General Rentals revenue growth was 13.1%.
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