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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 19, 2000
NEFF CORP.
(Exact name of registrant as specified in its charter)
Delaware 001-14145 65-0626400
____________________________ ________________________ ____________________
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) identification Number)
3750 N.W. 87th Avenue, Miami, Florida 33178
(Address or principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (305) 513-3350
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ITEM 5. OTHER EVENTS.
The following data was presented by Peter Gladis, Chief Executive Officer
and president of Neff Corp. (the "Company"), as part of a presentation to
stockholders of the Company at the annual meeting of stockholders of the Company
in Miami, Florida on June 19, 2000.
During 1999 the Company had three active subsidiaries: Neff Rental, Inc.
("Rental"), Neff Machinery, Inc. ("Machinery") and Sullair Argentina S.A.
("Sullair"). The Company sold all of its interests in Sullair and Machinery in
November 1999 and December 1999, respectively. The pro forma data presented
below represents the results of operations of the Company assuming the sales of
Sullair and Machinery had occured on January 1, 1999. This pro forma data does
not necessarily reflect the results of operations that would have existed had
the sale of Sullair and Machinery occured as of January 1, 1999.
The segment data below represents the results of operations of the Company
and its subsidiary Rental and excludes the results of operations of Machinery
and Sullair.
<TABLE>
<CAPTION>
Neff Corp. (w/o Sold Subsidiaries) (3)
(in millions)
NetIncome
Income before
Rental from Extraordinary
Fleet Revenue EBITDA Operations Items
_______________ ________________ ________________ _________________ ________________
<S> <C> <C> <C> <C> <C>
1995 $ 33.8 (1) $ 17.0 (1) $ 7.6 (1) $ (1.5) (1) $ (1.8) (1)
1996 $ 68.8 (1) $ 32.3 (1) $ 11.1 (1) $ (0.9) (1) $ (3.6) (1)
1997 $ 219.2 (1) $ 70.0 (1) $ 22.3 (1) $ 4.7 (1) $ (4.0) (1)
1998 $ 302.9 (1) $ 203.6 (1) $ 71.0 (1) $ 23.7 (1) $ (3.3) (1)
1999 $ 360.0 $ 248.6 (2) $ 81.6 (2) $ 30.6 (2) $ 0.6 (2)
(1)- Segment Results (The results of Neff Corp. and its subsidiary Neff
Rental Inc.)
(2)- Pro Forma Results (Assuming that the sale of Sullair Argentina S.A. and
Neff Machinery, Inc. occurred on January 1, 1999.)
(3)- Excluding the subsidiaries which were sold during 1999, Sullair
Argentina S.A. and Neff Machinery Inc.
</TABLE>
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Neff Corp.
Registrant
Date: June 19, 2000 /s/ Mark Irion
Mark Irion
Chief Financial Officer
On behalf of the registrant and as
Principal Financial and Accounting
Officer
