Mobile Mini (MINI) Tops Q4 EPS by 4c, Beats on Revenues

Mobile Mini (NASDAQ: MINI) reported Q4 EPS of $0.41, $0.04 better than the analyst estimate of $0.37. Revenue for the quarter came in at $146.7 million versus the consensus estimate of $140.62 million.

Fourth Quarter 2017 Highlights

• Delivered a strong 11.0% year-over-year increase in Storage Solutions rental revenues, 9.8% when adjusted for favorable currency fluctuations.
• Achieved a 14.2% increase in year-over-year Tank & Pump Solutions rental revenue growth.
• Increased total Storage Solutions average units on rent by 5.3% year-over-year, with average utilization of 75.7% and utilization of 74.1% at December 31, 2017.
• Raised Storage Solutions rental rates by 4.2% year-over-year, with rates on new rentals up 5.1%.
• Improved OEC utilization for Tank & Pump Solutions, averaging 73.0% for the quarter, compared to 62.3% in the prior-year quarter, and ending the year at 71.2%.
• Achieved adjusted EBITDA of $55.6 million, with an adjusted EBITDA margin of 37.9%, despite year-over-year headwinds of $5.9 million in increased variable compensation expense.
• Generated net cash from operating activities of $39.8 million and strong free cash flow of $18.2 million.

For earnings history and earnings-related data on Mobile Mini (MINI) click here.

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