McGrath Rentcorp (MGRC) Tops Q4 EPS by 22c

McGrath Rentcorp (NASDAQ: MGRC) reported Q4 EPS of $0.99, $0.22 better than the analyst estimate of $0.77. Revenue for the quarter came in at $133.1 million versus the consensus estimate of $129.63 million.

For the full-year 2019, the Company expects:

• Rental revenues to increase between 6% and 9% over 2018.
• Sales revenues to be comparable to 2018.
• Rental equipment depreciation expense to be between $75 and $78 million.
• “Other” direct costs of rental operations, primarily for rental equipment maintenance and repair, to be between $72 and $75 million.
• Selling and administrative costs to be between $123 and $126 million.
• Operating profit to increase between 5% and 10% over 2018.
• Full year interest expense to be between $12.1 and $12.5 million.
• Effective tax rate to be approximately 27%.
• Diluted share count to be between 24.6 and 24.7 million shares.

For earnings history and earnings-related data on McGrath Rentcorp (MGRC) click here.

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