McGrath Rentcorp (MGRC) Misses Q2 EPS by 7c, Revenue Beats
McGrath Rentcorp (NASDAQ: MGRC) reported Q2 EPS of $0.84, $0.07 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $146.4 million versus the consensus estimate of $133.83 million.
FINANCIAL OUTLOOK:
Based upon the Company’s year-to-date results, current outlook for the remainder of the year, and the previously announced acquisition of Design Space, the Company is raising its financial outlook.
For the full-year 2021, the Company expects:
| Previous | Current | ||||
● | Total revenue: | $570 million to $610 million | $610 million to $640 million | |||
● | Adjusted EBITDA: | $232 million to $247 million | $245 million to $260 million | |||
● | Gross rental equipment capital expenditures: | $90 million to $110 million | $100 million to $120 million |
For earnings history and earnings-related data on McGrath Rentcorp (MGRC) click here.