Exhibit 99.1
 RSC Reports 2Q11 Results
 SCOTTSDALE, Ariz., July 21, 2011
  Second Quarter 2011 Highlights
 
    
    Generated a 46% increase in year-over-year Adjusted EBITDA.
 
    
    Grew rental revenue 22% over the second quarter 2010.
 
    
    Increased rental volume 15.2% year-over-year, the fourth consecutive quarter of
double-digit volume growth.
 
    
    Improved rental rates 6.3% over the second quarter of last year.
 
    
    Increased average fleet utilization to 68%, up from 64% in the second quarter 2010.
 
    
    Invested $209 million in gross rental capital expenditures in response to growing
demand.
 
    
    Sold $78 million of fleet at original cost with margins of 33%, up from 15% in the
year ago quarter.
 
    
    Generated 61% of revenue from industrial customers.
 
    
    Produced $42 million of free cash flow for the quarter.
 
    
    Maintained strong availability of $641 million under the ABL revolver as of June 30,
2011.
 CEO Comments
  Outlook for 3Q11




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Conference Call
  Investor Presentation Information
  About RSC Holdings Inc.
 ®




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Forward Looking Statements
     Non-GAAP Financial Information




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##### 



RSC HOLDINGS INC. AND SUBSIDIARIES
 Three Months Ended
    
    
    
    
    
    
    Six Months EndedJune 30,
    
    
    Change
    
    
    June 30,
    
    
    Change2011
    
    
    2010
    
    
    %
    
    
    2011
    
    
    2010
    
    
    %Revenues:Equipment rental revenue
    
    $
    315,696
    
    
    $
    259,734
    
    
    
    21.5
    %
    
    $
    587,471
    
    
    $
    481,947
    
    
    
    21.9
    %Sale of merchandise
    
    
    13,126
    
    
    
    13,270
    
    
    
    (1.1
    )
    
    
    25,778
    
    
    
    24,691
    
    
    
    4.4Sale of used rental equipment
    
    
    38,306
    
    
    
    27,993
    
    
    
    36.8
    
    
    
    80,799
    
    
    
    55,099
    
    
    
    46.6Total revenues
    
    
    367,128
    
    
    
    300,997
    
    
    
    22.0
    
    
    
    694,048
    
    
    
    561,737
    
    
    
    23.6Cost of revenues:Cost of equipment rentals,
excluding depreciation
    
    
    157,706
    
    
    
    141,948
    
    
    
    11.1
    
    
    
    306,682
    
    
    
    271,240
    
    
    
    13.1Depreciation of rental equipment
    
    
    73,959
    
    
    
    67,398
    
    
    
    9.7
    
    
    
    144,848
    
    
    
    134,043
    
    
    
    8.1Cost of merchandise sales
    
    
    8,589
    
    
    
    9,880
    
    
    
    (13.1
    )
    
    
    17,031
    
    
    
    17,954
    
    
    
    (5.1
    )Cost of used rental equipment sales
    
    
    25,785
    
    
    
    23,931
    
    
    
    7.7
    
    
    
    56,755
    
    
    
    48,568
    
    
    
    16.9Total cost of revenues
    
    
    266,039
    
    
    
    243,157
    
    
    
    9.4
    
    
    
    525,316
    
    
    
    471,805
    
    
    
    11.3Gross profit
    
    
    101,089
    
    
    
    57,840
    
    
    
    74.8
    
    
    
    168,732
    
    
    
    89,932
    
    
    
    87.6Operating expenses:Selling, general and administrative
    
    
    43,483
    
    
    
    35,007
    
    
    
    24.2
    
    
    
    85,201
    
    
    
    70,719
    
    
    
    20.5Depreciation and amortization of
non-rental equipment and intangibles
    
    
    10,691
    
    
    
    9,910
    
    
    
    7.9
    
    
    
    20,916
    
    
    
    19,967
    
    
    
    4.8Other operating gains, net
    
    
    (964
    )
    
    
    (138
    )
    
    
    n/a
    
    
    
    (1,683
    )
    
    
    (2,450
    )
    
    
    n/aTotal operating expenses, net
    
    
    53,210
    
    
    
    44,779
    
    
    
    18.8
    
    
    
    104,434
    
    
    
    88,236
    
    
    
    18.4Operating income
    
    
    47,879
    
    
    
    13,061
    
    
    
    n/a
    
    
    
    64,298
    
    
    
    1,696
    
    
    
    n/aInterest expense, net
    
    
    46,984
    
    
    
    48,233
    
    
    
    (2.6
    )
    
    
    128,943
    
    
    
    98,026
    
    
    
    31.5Loss on extinguishment of debt
    
    
    
    
    
    
    
    
    
    
    n/a
    
    
    
    15,342
    
    
    
    
    
    
    
    n/aOther (income) expense, net
    
    
    (169
    )
    
    
    99
    
    
    
    n/a
    
    
    
    (506
    )
    
    
    (100
    )
    
    
    n/aIncome (loss) before (provision)
benefit for income taxes
    
    
    1,064
    
    
    
    (35,271
    )
    
    
    n/a
    
    
    
    (79,481
    )
    
    
    (96,230
    )
    
    
    n/a(Provision) benefit for income taxes
    
    
    (997
    )
    
    
    13,156
    
    
    
    n/a
    
    
    
    29,116
    
    
    
    36,287
    
    
    
    n/aNet income (loss)
    
    $
    67
    
    
    $
    (22,115
    )
    
    
    n/a
    
    
    $
    (50,365
    )
    
    $
    (59,943
    )
    
    
    n/aWeighted average shares outstanding used in computing
net income (loss) per common share:Basic
    
    
    103,904
    
    
    
    103,506
    
    
    
    
    
    
    
    103,845
    
    
    
    103,491Diluted
    
    
    105,047
    
    
    
    103,506
    
    
    
    
    
    
    
    103,845
    
    
    
    103,491Net income (loss) per common share:Basic
    
    $
    0.00
    
    
    $
    (0.21
    )
    
    
    
    
    
    $
    (0.49
    )
    
    $
    (0.58
    )Diluted
    
    $
    0.00
    
    
    $
    (0.21
    )
    
    
    
    
    
    $
    (0.49
    )
    
    $
    (0.58
    )Other operational data (a):Fleet utilization
    
    
    67.8
    %
    
    
    63.5
    %
    
    
    
    
    
    
    65.8
    %
    
    
    59.2
    %Average fleet age at period end (months)
    
    
    41
    
    
    
    42
    
    
    
    
    
    
    
    41
    
    
    
    42Same store rental revenue growth / (decline)
    
    
    24.0
    %
    
    
    (2.5
    )%
    
    
    
    
    
    
    25.0
    %
    
    
    (12.0
    )%Employees
    
    
    4,511
    
    
    
    4,234
    
    
    
    
    
    
    
    4,511
    
    
    
    4,234Original equipment fleet cost at period
end (in millions)
    
    $
    2,537
    
    
    $
    2,337
    
    
    
    
    
    
    $
    2,537
    
    
    $
    2,337
 (a)
    
    Refer to attached Statistical Measures for descriptions.




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RSC HOLDINGS INC. AND SUBSIDIARIES
 June 30,
    
    
    December 31,2011
    
    
    2010AssetsCash and cash equivalents
    
    $
    37,763
    
    
    $
    3,510Accounts receivable, net
    
    
    252,751
    
    
    
    228,532Inventory
    
    
    15,301
    
    
    
    14,171Deferred tax assets, net
    
    
    10,176
    
    
    
    17,912Prepaid expense and other current assets
    
    
    13,314
    
    
    
    13,798Total current assets
    
    
    329,305
    
    
    
    277,923Rental equipment, net
    
    
    1,504,511
    
    
    
    1,336,424Property and equipment, net
    
    
    111,237
    
    
    
    110,779Goodwill and other intangibles, net
    
    
    938,921
    
    
    
    939,302Deferred financing costs
    
    
    56,425
    
    
    
    44,205Other long-term assets
    
    
    9,161
    
    
    
    9,342Total assets
    
    $
    2,949,560
    
    
    $
    2,717,975Liabilities and Stockholders DeficitAccounts payable
    
    $
    384,207
    
    
    $
    193,819Accrued expenses and other current liabilities
    
    
    124,869
    
    
    
    119,608Current portion of long-term debt
    
    
    25,231
    
    
    
    25,294Total current liabilities
    
    
    534,307
    
    
    
    338,721Long-term debt
    
    
    2,143,139
    
    
    
    2,043,887Deferred tax liabilities, net
    
    
    304,954
    
    
    
    330,862Other long-term liabilities
    
    
    26,330
    
    
    
    41,782Total liabilities
    
    
    3,008,730
    
    
    
    2,755,252Total stockholders deficit
    
    
    (59,170
    )
    
    
    (37,277
    )Total liabilities and stockholders deficit
    
    $
    2,949,560
    
    
    $
    2,717,975




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RSC HOLDINGS INC. AND SUBSIDIARIES
 Six Months EndedJune 30,2011
    
    
    2010Cash flows from operating activities:Net loss
    
    $
    (50,365
    )
    
    $
    (59,943
    )Adjustments to reconcile net loss to net cash
provided by operating activities:Depreciation and amortization
    
    
    165,764
    
    
    
    154,010Amortization of deferred financing costs
    
    
    5,103
    
    
    
    6,348Amortization of original issue discount
    
    
    606
    
    
    
    543Share-based compensation expense
    
    
    3,168
    
    
    
    2,258Gain on sales of rental and non-rental property and
equipment, net of non-cash write-offs
    
    
    (25,250
    )
    
    
    (5,325
    )Deferred income taxes
    
    
    (31,045
    )
    
    
    (37,442
    )Gain on settlement of insurance property claims
    
    
    
    
    
    
    (1,736
    )Loss on extinguishment of debt
    
    
    15,342
    
    
    
    Interest expense, net on ineffective hedge
    
    
    (104
    )
    
    
    33Changes in operating assets and liabilities
    
    
    189,924
    
    
    
    111,147Net cash provided by operating activities
    
    
    273,143
    
    
    
    169,893Cash flows from investing activities:Purchases of rental equipment
    
    
    (367,347
    )
    
    
    (146,966
    )Purchases of property and equipment
    
    
    (4,783
    )
    
    
    (1,635
    )Proceeds from sales of rental equipment
    
    
    80,799
    
    
    
    55,099Proceeds from sales of property and equipment
    
    
    3,204
    
    
    
    1,652Insurance proceeds from rental equipment and property claims
    
    
    
    
    
    
    1,736Net cash used in investing activities
    
    
    (288,127
    )
    
    
    (90,114
    )Cash flows from financing activities:Net proceeds (payments) on debt
    
    
    75,519
    
    
    
    (72,969
    )Financing costs
    
    
    (27,070
    )
    
    
    (1,109
    )Proceeds from stock option exercises
    
    
    1,803
    
    
    
    308Other
    
    
    (1,922
    )
    
    
    Net cash provided by (used in) financing activities
    
    
    48,330
    
    
    
    (73,770
    )Effect of foreign exchange rates on cash
    
    
    907
    
    
    
    485Net increase in cash and cash equivalents
    
    
    34,253
    
    
    
    6,494Cash and cash equivalents at beginning of period
    
    
    3,510
    
    
    
    4,535Cash and cash equivalents at end of period
    
    $
    37,763
    
    
    $
    11,029Supplemental disclosure of cash flow information:Cash paid for interest
    
    $
    107,609
    
    
    $
    93,354Cash paid (received) for taxes, net
    
    
    2,490
    
    
    
    (73
    )




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RSC HOLDINGS INC. AND SUBSIDIARIES
 Rental RevenuesThree Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2010
    
    $
    259,734
    
    
    $
    481,947Changes:Volume
    
    
    14.7
    %
    
    
    17.1
    %Price
    
    
    6.3
    %
    
    
    4.3
    %Currency
    
    
    0.5
    %
    
    
    0.5
    %2011
    
    $
    315,696
    
    
    $
    587,471




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Annex A




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RSC HOLDINGS INC. AND SUBSIDIARIES
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Net income (loss)
    
    $
    67
    
    
    $
    (22,115
    )
    
    $
    (50,365
    )
    
    $
    (59,943
    )Depreciation of rental equipment and depreciation and
amortization of non-rental equipment and intangibles
    
    
    84,650
    
    
    
    77,308
    
    
    
    165,764
    
    
    
    154,010Interest expense, net
    
    
    46,984
    
    
    
    48,233
    
    
    
    128,943
    
    
    
    98,026Provision (benefit) for income taxes
    
    
    997
    
    
    
    (13,156
    )
    
    
    (29,116
    )
    
    
    (36,287
    )EBITDA
    
    $
    132,698
    
    
    $
    90,270
    
    
    $
    215,226
    
    
    $
    155,806Adjustments:Loss on extinguishment of debt
    
    
    
    
    
    
    
    
    
    
    15,342
    
    
    
    Share-based compensation
    
    
    1,894
    
    
    
    1,595
    
    
    
    3,168
    
    
    
    2,258Other (income) expense, net
    
    
    (169
    )
    
    
    99
    
    
    
    (506
    )
    
    
    (100
    )Adjusted EBITDA
    
    $
    134,423
    
    
    $
    91,964
    
    
    $
    233,230
    
    
    $
    157,964(Adjusted EBITDA as a percentage of total revenues)
    
    
    36.6
    %
    
    
    30.6
    %
    
    
    33.6
    %
    
    
    28.1
    %Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Net cash provided by operating activities
    
    $
    213,959
    
    
    $
    104,412
    
    
    $
    273,143
    
    
    $
    169,893Gain on sales of rental and non-rental property and
equipment, net of non-cash write-offs
    
    
    13,209
    
    
    
    2,717
    
    
    
    25,250
    
    
    
    5,325Gain on settlement of insurance property claims
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,736Cash paid for interest
    
    
    37,304
    
    
    
    56,523
    
    
    
    107,609
    
    
    
    93,354Cash paid (received) for taxes, net
    
    
    2,556
    
    
    
    333
    
    
    
    2,490
    
    
    
    (73
    )Other (income) expense, net
    
    
    (169
    )
    
    
    99
    
    
    
    (506
    )
    
    
    (100
    )Changes in other operating assets and liabilities
    
    
    (132,436
    )
    
    
    (72,120
    )
    
    
    (174,756
    )
    
    
    (112,171
    )Adjusted EBITDA
    
    $
    134,423
    
    
    $
    91,964
    
    
    $
    233,230
    
    
    $
    157,964Free Cash Flow GAAP Reconciliation
(in thousands)Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2011
    
    
    2010
    
    
    2011
    
    
    2010Net cash provided by operating activities
    
    $
    213,959
    
    
    $
    104,412
    
    
    $
    273,143
    
    
    $
    169,893Purchases of rental equipment
    
    
    (209,426
    )
    
    
    (102,060
    )
    
    
    (367,347
    )
    
    
    (146,966
    )Purchases of property and equipment
    
    
    (2,339
    )
    
    
    (1,304
    )
    
    
    (4,783
    )
    
    
    (1,635
    )Proceeds from sales of rental equipment
    
    
    38,306
    
    
    
    27,993
    
    
    
    80,799
    
    
    
    55,099Proceeds from sales of property and equipment
    
    
    1,610
    
    
    
    356
    
    
    
    3,204
    
    
    
    1,652Insurance proceeds from rental equipment and property claims
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,736Net capital expenditures
    
    
    (171,849
    )
    
    
    (75,015
    )
    
    
    (288,127
    )
    
    
    (90,114
    )Free cash flow
    
    $
    42,110
    
    
    $
    29,397
    
    
    $
    (14,984
    )
    
    $
    79,779




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Statistical Measures
      .
 Contacts
 Investor/Analyst Contacts:    Scott.Huckins@RSCRental.com
 Media Contact: