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Published on 6/23/2014 in the Prospect News Distressed Debt Daily.

Event Rentals reports operational income of $15,668 for May period

By Kali Hays

New York, June 23 – Event Rentals, Inc. posted income from operations of $15,668 for May on revenue of $20.57 million, according to its monthly operating report filed June 20 with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to a $1.11 million loss from operations for April on revenue of $19.46 million.

The company also reported operating EBITDA of $864,000 for the period.

The net loss for May was $278,947, dropping from a $1.23 million net loss in April.

The company also had unrestricted cash of $2.45 million as of May 25, a slight increase from $2.34 million as of April 27.

Event Rentals, an Inglewood, Calif.-based provider of event rental products and related services, filed bankruptcy on Feb. 13. The Chapter 11 case number is 14-10282.


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