NationsRent Releases 2nd Quarter Business Report for 2006

August 28, 2006 • NationsRent Companies, Inc., Fort Lauderdale, Fla., announced that it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 with the Securities and Exchange Commission (SEC) on August 14, 2006.

In conjunction with its quarterly report, the company is publishing herein its earnings before interest, taxes, depreciation, amortization and reorganization items (defined herein as "EBITDA"), which is a non-GAAP financial measure of operating results. The table below provides a reconciliation between net income/loss and EBITDA for the periods indicated:


Non-GAAP Disclosure Reconciliation
($ in Millions)

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2006	2005	2006	2005
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)

Net income (loss)	$ 6.2	$ 5.2	$ 3.1	$ (7.6)

Interest expense, net	11.1	9.9	21.5	17.8

Provision for income taxes	3.8	-	2.0	-

Rental equipment and vehicle depreciation	29.8	32.8	58.8	63.3

Non-rental equipment depreciation and amortization	2.3	2.1	4.5	4.0

Restricted stock amortization	0.1	0.2	0.2	0.4

Reorganization items, net	-	-	-	(0.2)

EBITDA	$ 53.3	$ 50.2	$ 90.1	$ 77.7

Management believes EBITDA, as defined herein, is relevant and useful information that is commonly used by analysts, investors and other interested parties. EBITDA is presented to provide additional information regarding our ability to meet our future debt service obligations, planned capital expenditures and working capital requirements. EBITDA should not be considered in isolation or as a substitute for net income or loss, cash flow provided or used by operating activities or other income or cash flow data prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") or as a measure of our profitability or liquidity. EBITDA excludes components that are significant in understanding and assessing our results of operations, cash flows and liquidity. In addition, EBITDA is not a term defined by GAAP and, as a result, might not be comparable to similarly titled measures used by other companies.