Revenues were $41 million for the quarter compared to $38.9 million for the same quarter of 2007. For the period, operating income decreased by $7.9 million to $0.3 million.
The integration of the Industrial Lift Truck, which Omni acquired in April 2008, is expected to be immediately accretive to fiscal 2008 results adding revenues from diversification to the rental fleet.
James Eckert, president and CEO of Omni, said: We are of course disappointed in our financial performance this quarter but feel the weather anomalies are behind us and the prospects for the balance of the year are encouraging.
We continue to be optimistic due to the activity levels we are seeing as a result of strong commitment by our clients across all business lines and feel performance for the remainder of the year will improve accordingly.
