McGrath Rentcorp (MGRC) Tops Q4 EPS by 13c

McGrath Rentcorp (NASDAQ: MGRC) reported Q4 EPS of $0.62, $0.13 better than the analyst estimate of $0.49. Revenue for the quarter came in at $122.2 million versus the consensus estimate of $109.77 million.

• The Company reported net income of $117.7 million, or $4.82 per diluted share for the fourth quarter of 2017, compared to net income of $9.7 million, or $0.40 per diluted share, in the fourth quarter of 2016. The fourth quarter of 2017 includes a net income benefit of $102.5 million, or $4.20 per diluted share, associated with the enactment of the Tax Cut and Jobs Act discussed below.

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

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